mo4ch:>Thousand ton twist: Gold buying frenzy by global central banks to push bullion prices higher | Mo4ch News
Gold prices could reach $1,400 per ounce in 2019 due to the US Federal Reserve’s less aggressive stance on interest rates, bullion purchases by central banks and lingering global uncertainties, market analysts explain.“I think that we expect gold to continue to trade pretty much within that range for the coming months,” said Martin Huxley, global head of precious metals at financial services firm INTL FCStone. “But over the second half of the year we expect it then to grind higher, and potentially it could test 1,400 towards the end of the year,” he told CNBC, referring to gold’s price per ounce in relation to the dollar.Also on rt.comIn gold we trust: China boosts bullion reserves as part of Beijing’s anti-dollar pushThe yellow metal was trading at about $1,283.57 an ounce as of 09:19am GMT on Tuesday.According to Huxley, the Federal Reserve’s signal that there will be no more interest rate hikes this year has helped boost the outlook for gold and other metals.“The view is that there…