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.
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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.
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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.
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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.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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