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Commerzbank Sees $1,400 Gold, $16.50 Silver By Year-End

From kitco.com

Commerzbank looks for gold to climb as high as $1,400 an ounce and silver to $16.50 before the end of 2019. Gold started the year strongly, nearly reaching $1,350 an ounce last month, helped by a U.S. Federal Reserve that made a dovish U-turn and now appears cautious about hiking interest rates again. However, the metal subsequently gave up much of its gains and was trading at $1,303.60 as of 8:20 a.m. EDT. Silver, which has followed gold up and back down, was at $15.35. Analysts pointed out that gold hit its yearly highs in 2014, 2015 and 2018 during the first three months of the year. However, they say they do not ... (full story)

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  • Category: Fundamental Analysis