Is the bull back in precious metals? It may just be.
We report on the World Gold Council’s outlook for 2019. They see increased market uncertainty and increased protectionist policies make gold an increasingly attractive hedge. They see potential headwinds for gold based on US dollar strength.
“It’s Official: The Price of Silver Is Back in Bull Mode” according to Money Morning. They also point to the US dollar price action which does not look encouraging for dollar bulls. This would solidify the case for silver bulls as precious metals is a hedge against declining currencies.
Dailyfx.com believes that Gold Price Analysis Bullish Breakout On Horizon Amid Golden Cross based on US interest rate policy errors where they stated that they were a long way from neutral and have made a u-turn.