Kitco News

(Kitco News) – We are now in the thick of Outlook 2019 and market players are looking for the best place to invest their money next year.

With increased equity volatility next year, gold will play an important role as a portfolio diversifier, according to the Australian bank ANZ.

Gold prices lost their early gains that pushed prices to a five-month high of $1,262.20, and are trading moderately lower and at their daily lows in early-afternoon U.S. trading Wednesday.

Gold prices are seeing some selling pressure following an expected dovish shift from the Federal Reserve, as it pares back its expectation for interest rate hikes in 2019.

Credit Suisse looks for gold prices to rise in 2019, listing an average price forecast of $1,275 an ounce, then $1,300 in 2020.

(Kitco News) – Gold prices are holding on to gains after data showed U.S. consumers bought pre-existing homes at a faster pace than expected last month according to the latest report from the National Association of Realtors (NAR).

Gold prices are trading moderately up and have hit a five-month high in morning U.S. dealings Wednesday.

Analysts look for copper to start benefitting from a supply-demand deficit in 2019 after being held back during 2018 by issues such as worries about the U.S.-China trade war.

Gold holdings in exchange-traded funds have continued to rise as investors await a decision and policy statement from the Federal Open Market Committee, says commodities brokerage SP Angel.