In an interview with "Commersant," the Director of Zarapkhana, Tornike Samkharadze, commented on gold price dynamics . He notes that gold prices are currently in a state of stagnation, but once the Middle East situation calms down, gold prices will start to climb, and July will be a good time for prices.
I expect the price of gold will rise. The current uncertain and unclear situation is suppressing the growth of gold prices. Furthermore, some investors have divested from gold because of the oil sector's situation, a factor that has also helped gold prices remain stable today.
"I think that by the end of June, the price of an ounce of gold could rise to $5400, as all trends point to the end of the war in the Middle East and the parties moving towards a peaceful settlement. I also think that in the second half of July, a surge in gold prices is expected," Tornike Samkharadze, director of "Zarapkhana", says.
