Strategists at MKS PAMP Group estimate there’s a 50% possibility of the gold price moving sideways within a range of $1,600-$2,100. Besides that, they suggest that a chance for growth to the level of $2,300 is 30%, while they also note there is a 20% likelihood of a decline to $1,400.

The probability of flat movement within the range of $18-28 is estimated at 50%, the probability of growth up to $30 is 35%, the probability of decrease down to $12 is 15%. The average price for the year is estimated at $22.5.

According to Nick Dell'Osso, chief executive officer of Chesapeake Energy Corp., the "very clear signal" from low prices in the U.S. gas sector makes it obvious that production needs to be cut.

On Wednesday, Philadelphia Federal Reserve President Patrick Harker made a statement confirming his readiness for the U.S. central bank’s shifting to a slower pace of monetary tightening.

Aleksey Kalachev, an analyst at Finam Financial Group, said that demand for platinum and palladium will majorly depend on the growth dynamics of auto production this year.

For the past two and a half years gold investors probably reevaluated the prospects of this asset all the time and experienced many doubts. However, the situation has changed now. Bank of America analysts give gold a positive outlook for the following three years.

Investment portal King World News recently interviewed the trend forecaster and publisher of the Trends Journal Gerald Celente.

The price of WTI oil rose to $81 per barrel, and this is its highest level since early December.

The gold market had a solid start to the year. Its significant potential was noted by European funds, as investors are getting more and more interested in the yellow metal.

Gold exceeded the level of $1,800 per ounce. After that, Jeffrey Gundlach, CEO of DoubleLine Capital, saw a good opportunity