In the past 2018, the yellow precious metal was under pressure from a strong US dollar. But in the new 2019, gold should adopt an upward trend from the US currency and the stock market. This is reported by Bloomberg in its forecast for gold.
According to the Kitco News portal, 2019 began for the precious metal on a positive note, almost reaching a 6-month high. Gold futures for February delivery traded at $ 1,282.40 an ounce. The upward trend in the gold market should be maintained throughout the year amid a weakening of the US dollar and high volatility in the stock market.