Spot Gold Watch in 2019

Spot Gold Watch in 2019 – Golden Opportunity – Gold bulls seized the initiative in the final months of 2018 and there’s plenty to suggest the haven may hold up.

Look for support for prices at a six-month high as the Federal Reserve goes way slower on rate increases, and investors seek protection from equity market turmoil and slowing global growth.

Read More : Gold Prices Rally is Put on Hold After ‘Monster’ US Payrolls Gain

There may be more supportive headlines near term. A golden cross — as the 50-day moving average tops its 200-day counterpart — is close, and a few more tons added to exchange-traded funds will lift holdings to the highest since 2013.

Read More : Gold prices fall after 3 days but silver rates top Rs 40,000

A Dec. 11-19 survey of 20 analysts and traders reflected a positive tone, with the median estimate of $1,325 an ounce. Futures prices slipped Friday after topping $1300.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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