Kitco News

Gold prices are moderately higher in early U.S. trading Friday and saw little price reaction to a non-problematic U.S. consumer price index report.

(Kitco News) – Gold prices are holding on to gains, just below critical resistance at $1,300 an ounce as inflation pressures remained relatively muted last in 2018, consumer inflation data last month.

The economy is just starting to deflate from a bubble, which could swing in gold’s favor, this according to Peter Schiff, CEO of Euro Pacific Capital.

Holdings of gold by global exchange-traded funds show that investor interest in the precious metal has carried last year’s momentum into the new year, says Commerzbank.

Bitcoin-U.S. dollar prices are slightly lower in early U.S. trading Friday, after a solid down-day on Thursday.

(Kitco News) – Geopolitical risks that weighed on global economic growth in the second half of 2018 will carry through to 2019 and that uncertainty will be a boon for gold prices, according to the latest research from the World Gold Council (WGC).

Kitco News) – While gold is expected to benefit from short-term market uncertainty one mining executive said there is another metal that investors should keep an eye on in 2019.

One of the big ten surprises that await investors in 2019 is gold dropping to $1,000 an ounce, said Blackstone Private Wealth Solutions vice chairman Byron Wien in his annual prediction.

Gold and silver prices are modestly down in early-afternoon U.S. trading Thursday.

Look for gold to eventually move above $1,300 an ounce, says Edward Meir, commodities consultant with INTL FCStone.