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Gold To Test $1,350 In 2019; Risks Are To Upside
Risks for gold are skewed to the upside as the yellow metal has already seen its lows in 2018, said George Milling-Stanley, Head of Gold Strategy at State Street Global Advisors.
“I think we’ve tested the downside a good deal in 2018, my guess is that what we’ll do is test the overhead resistance during the course of 2019. I’m seeing prices at or above $1,350 level sometime during 2019. I think the risks are all to the upside right now for gold,” Milling Stanley told Kitco News. (show less)
Risks for gold are skewed to the upside as the yellow metal has already seen its lows in 2018, said George Milling-Stanley, Head of Gold Strategy at State Street Global Advisors.
“I think we’ve tested the downside a good deal in 2018, my guess is that what we’ll do is test the overhead resistance during the course of 2019. I’m seeing prices at or above $1,350 level sometime during 2019. I think the risks are all to the upside right now for gold,” Milling ... (read more)
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.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
