With increased equity volatility next year, gold will play an important role as a portfolio diversifier, according to the Australian bank ANZ.
* Fed policy statement due at 1900 GMT
* SPDR gold holdings climb to 4-month highs
* GRAPHIC-2018 asset returns: By Swati Verma BENGALURU,
Precious metals futures on Monday rebounded slightly from their losses on Friday. Gold closed at a more than one-week high.
"For gold bulls, 2018 was disappointing...Gold had to struggle against a rising dollar, whose trade-weighted index rose a net 3.7% over the same period, and as much as 9.4% from its mid-February low. "
Gold and silver prices are solidly up in early U.S. trading Monday, following the weekend agreement reached between the U.S. and China to a temporary halt their heretofore escalating trade war.
The time to buy gold may be right now!
This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold to push to $1,350 over dollar struggles, gold’s price is forming a lucrative new pattern, and Goldman Sachs is bullish on gold and palladium.
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