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Marina Schwarz

Gold Could Hit $1,440

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This from Kitco: "After recovering in 2017, gold prices are in for further gains this year, with the potential to hit $1,440 an ounce, said MKS PAMP in its annual outlook.

“As the demand is set to improve, the supply side will remain under pressure. This combined with ongoing geopolitical tensions and the official sector expected to be a net buyer prompts us to set the yearly average at 1365.00 USD/oz,” said Frederic Panizzutti, MKS PAMP’s managing director of the Dubai office."

Also rate hikes and the tax bill implementation but their effect is not yet clear in terms of direction. Could be a good year to buy gold indeed.

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