Friday, 03 May 2019 11:08

Why Gold Will Rally 20%

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(New York)

Gold had a great start to the year, but has since fallen back and is now down 1% in 2019. That’s said, there are some encouraging signs. Global demand for gold rose 7% from a year ago in Q1, and inflows to gold ETFs rose 49% versus the same stretch in 2018. Summer is a seasonally weak period for gold, but the metals outlook is going to be highly dependent on central bank action.


FINSUM: To be honest, we do not see a bullish scenario for gold right now. There are neither worries about an economic meltdown or high inflation, so the two big drivers for gold to move sharply aren’t there.

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