In its latest outlook on both the US dollar and gold, Bart Melek, Global Head of commodity strategy at TD Securities in Toronto, highlighted the following key points: Gold will start to rebound in the final quarter of 2018. Prices to seen average $1,290 in Q3 2018, 1300 in Q4. Prices to average $1,375 an ounce in the last three months of 2019 and could touch $1,400. As time moves on, there’ll be less and less reasons to get into the U.S. dollar, which will likely reverse some of the flows. We do ultimately think that as we move into 2019, the U.S. dollar will weaken, which is a very powerful fuel for the gold complex. Main reasons cited for the bullish outlook: Fed to hike another two or three times next year before ending its tightening cycle. Fully valued equities. Geopolitical risks. The downward trend in mine supply. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next White House Economic Adviser Larry Kudlow calls Canada trade row a “family quarrel” FX Street 5 years In its latest outlook on both the US dollar and gold, Bart Melek, Global Head of commodity strategy at TD Securities in Toronto, highlighted the following key points: Gold will start to rebound in the final quarter of 2018. Prices to seen average $1,290 in Q3 2018, 1300 in Q4. Prices to average $1,375 an ounce in the last three months of 2019 and could touch $1,400. As time moves on, there'll be less and less reasons to get into the U.S. dollar, which will likely reverse some of the flows. We do ultimately think that as we move into… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
