Gold price projections in March 2020
According to the model developed by the AXL Capital Management team, this report issues the projected levels of Gold prices for March 2020. The monthly tracking from January 2018 to February 2020 in the upper and lower ranges, the closing prices of exchange to each month of the Gold prices are within the estimates. Just on 24 February, the exchange of ten am issued by the LBM was US $ 1,682 / Auoz just in the upper limit estimated by the model. All other days the real prices of Gold for February within the ranges established. To date, the model operates within its 90% confidence limits. Graph # 1: Tracking model results vs. real Gold price data, monthly close (10 am LBM) March 2018- February 2020. In February 2020, the level of global uncertainty continued to rise, this time being strongly impacted by the Coronavirus, and with it, the market volatility registered in VIX at the date of this report is at 54.6. Graph # 2: Gold prices broke the lower limit