Kitco News

(Kitco News) – Gold prices could push back to $1,350 an ounce in 2019 as the U.S. economy peaks, according to one French Bank.

Gold and silver markets could not hold their modest overnight gains and are mildly lower in early-afternoon U.S. trading Monday.

(Kitco News) – While the gold market could trade at the top of its current six-month range in 2019, investors should not expect prices to break their orbit, according to one international research firm.

Goldman Sachs looks for gold to rise as investors seek the metal for portfolio diversification, particularly if growth in the U.S. economy begins to slow.

Gold prices have lost most of their modest early gains, in late-morning trading Monday.

(Kitco News) – Australian gold production continues to fire on all cylinders and could result in record output this year, according to Australian gold mining consultants Surbiton Associates in a report released Sunday.

Newmont Mining Corp. (NYSE: NEM) announces the declaration of commercial production at the Subika Underground project in Ghana, which will add between 150,000 and 200,000 ounces of gold for each of the first five years.

Gold, which is near the upper end of its trading range from the last two weeks, may draw some support from uncertainty surrounding European politics, particularly Brexit, says Commerzbank.

Gold and silver prices are modestly up in early U.S. dealings Monday, supported in part by a rebound in crude oil prices and a weaker U.S. dollar index today.