Gold to regain $ 1350 in H2 2018 - TDS

Bart Melek, TDS Head of commodity strategy, expressed his view on gold prices this year in the latest research note.

Key Quotes:

"Given Powell's bullish view on the U.S. economy, increasing chatter of four hikes in 2018 and a potential upward shift in the distribution of the dots next week we would not be surprised to see precious metals take a run at the lower end of the ranges.

However, the weakness will only be temporary as Trump's protectionist rhetoric will favor gold in the long run - and that a slower than expected inflation rise could work in support of gold prices as well.

Money managers have been reluctant to reduce their exposure to the shiny metal, and with a 'go-slow' approach from the Fed, we could very well head back above $1,350 in the latter half of the year.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.