Gold To Retake Reigns; Palladium To Be "Tremendous Gain” In 2019

Gold will see renewed strength as a safe haven asset following the next December rate hike from the Federal Reserve, said Bill Baruch, president of Blue Line Futures.
On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converters in automobiles, which is bullish for the metal.
“You may have to see through a bit of pain the first quarter of next year, if the global market has a bit of uncertainty, but I think if you manage your risks to the downside, palladium, building up a position in the first quarter of next year, is going to be a tremendous gain throughout 2019,” Baruch told Kitco News. (show less)

Gold will see renewed strength as a safe haven asset following the next December rate hike from the Federal Reserve, said Bill Baruch, president of Blue Line Futures.
On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converters in automobiles, which is bullish for the metal.
“You may have to see through a bit of pain the first quarter of next year, if the global market has a bit of uncertainty, but I think if ... (read more)

Outlook 2019

Outlook 2019
What changes can the New Year bring to the markets? Will 2019 finally be gold’s breakout year? Tune in to our Outlook 2019 series to watch experts break down the markets’ most pressing questions, and more.

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