• Commerzbank: Gold To Hit $1,350 In 2019

    6 days ago - By ETF Daily News

    From Allen Sykora : Commerzbank looks for most precious metals to strengthen in 2019, with the exception of high-flying palladium, which the German bank says may be due for a correction lower.
    “Precious metals prices are likely to rise next year, chiefly on the back of a weaker U.S. dollar as the Fed rate-hike cycle comes to an end,” the bank said in an outlook report released Wednesday.
    Commerzbank forecasts gold will average $1,250 an ounce in the first two quarters of 2019, but then rise to $1,300 in the third quarter. “We expect the gold price to increase to $1,350 per troy ounce by...
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