If you are a relatively new investor, the precious metals outlook might be spurring you to consider investing in precious metals such as gold, silver, palladium and platinum. As the above article points out, projections are strong for almost all of the precious metals, which draw their prices from a combination of economic indicators, inflation rates, supply and demand. Here are some considerations for these factors with regard to each metal.
One of the biggest factors in the price of gold has always been the economic conditions and stability of currency. The worse the economy is, the better news that is for gold bugs. The less stable the dollar and the greater the fear of inflation, again, the more likely gold is to be rising in price.
Now, most of the global economy is either sputtering or regaining strength slowly, which is a positive indicator for gold. In addition, there are growing signs of inflation in Europe in addition to the United States. As a result, the precious metals outlook for gold is good.