ADVERTISEMENT

Gold may hit US$1,400 on weak dollar


  • Markets
  • Monday, 4 Jun 2018

SINGAPORE: Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens.

The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That’s a level last seen in 2013.

Markets

   

ADVERTISEMENT