Gold Predicted To Gain As Dollar Weakens – 4 June, 2018

After two straight months of declines, gold is predicted to rebound in the final quarter of the year on the heels of a weaker dollar to $1,300 and could reach as high as $1,400 per ounce in 2019. Bullion had dropped roughly 5 percent since April to around $1,293, but experts believe investors will have less reason to get into the dollar and reverse cash flows into the precious metal. Gold fell 0.1 percent to $1,292.04 per ounce.