Prices To Rally To $1,445 in 201829 Dec 2017 18:28
http://www.kitco.com/news/2017-12-28/Gold-s-Bullish-Scenario-Prices-To-Rally-To-1-445-In-2018-ETF-Securities.html
Editor's Note: View Kitco News' full 2018 outlook coverage
(Kitco News) - Gold’s role as a risk management tool and a store of value will be greater than ever in 2018, ETF Securities said in its outlook for the year ahead.
“Gold’s potential to serve as a dynamic, multi-faceted, and cost-effective portfolio hedge against many known and unknown risks may be a powerful tool for long term investors,” said Maxwell Gold, director of investment strategy at ETF Securities.
The price range for the yellow metal may vary between $1,445 and $1,070 depending on which scenario plays out in the new year, according to the investment firm.
“Against the current backdrop of stretched valuations, rising uncertainty, asset correlations, and record low volatility globally, gold demand as a risk overlay may continue to rise into 2018,” Gold said.
Happy 2018 and GLTA,
Dan