PRECIOUS METALS

Rising precious metals face short-term headwinds 

MANY market watchers are tipping 2019 as being a good one for precious metals, and gold has been leading the way, pushing towards US$1300 per ounce in a new year rally, recently closing above $1290/oz, its highest closing level since mid-June 2018.

Rising precious metals face short-term headwinds 

The likes of RBC Capital Markets see gold pushing into a zone between $1300-1325/oz as a matter of when, not if, as traders express concerns about the weakness and volatility in global equities markets...

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