As Fed Rethinks Path for Rates, Gold's Poised to Jump in `19
- Bullion ‘will erupt’ if dollar faces pressure, Sprott predicts
- Goldman lists long bullion among top commodity picks next year
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Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019.
After lift-off in late 2015 followed by a rise a year later, the central bank has since steadily raised benchmark rates and is widely expected to do so again this month. But the path after that is clouded after Chairman Jerome Powell said Wednesday rates are “just below” estimates of the so-called neutral level, which markets took to mean a softer stance than previous comments.