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Despite the aftermath of the Omicron in the US posing a risk to financial markets, many experts suggest that the likelihood of March rate hikes are slim – a prediction that is exciting gold bulls hoping to cash in on a profitable year for the precious metal.

Bart Melek, head of commodity strategy at TD Securities commented that, the impacts of the Omicron variant, less inflationary pressures, and “the lack of strict inflation targeting, are all factors likely to keep the US central bank from pulling the trigger on a hike in March, as the consensus increasingly expects.”

These comments confirm gold bull’s hopes that the first quarter of the year will be significant for the gold markets, with potential for prices to push past $1,850 an ounce.

Take advantage of an improving gold market and invest now to be in the best possible position.

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