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Gold could hit $1,400 by the end of 2019, expert says

From cnbc.com

Gold is poised to move higher later this year, powered by the Federal Reserve’s less aggressive stance on interest rates and lingering global uncertainties, a precious metals expert said Tuesday. Central banks have been buying gold at levels not seen in 50 years, as part of a broader diversification of reserves away from currencies including the U.S. dollar. Concerns over the global economy and geopolitical issues including the trade war between the United States and China have added to uncertainty, which often benefits gold that’s considered a safe haven — or assets that tend to retain or increase their value even ... (full story)

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  • Category: Fundamental Analysis