Will 2019 be a "golden" year?

News Arnulf Hinkel, financial journalist – 17.01.2019

After the gold price had been quite volatile in the first half of 2018, with at least euro-gold still performing slightly positive, it plummeted mid-year. Global demand also weakened, leading to an overselling in gold-based ETFs in the US. However, during the last quarter of 2018, the precious metal experienced a genuine comeback: both price and gold holdings managed to gain traction and even surpassed the losses incurred over the course of the year. Now, how will gold perform in 2019? Current estimates by commodity experts and analysts prove predominantly positive.

"US gold price will break through the 1,400 dollar barrier"

As early as in February 2018, Swiss financial manager Feix Zulauf considered a significant strengthening of the gold price in 2019 possible. In late 2018, Markus Bußler of "Der Aktionär" predicted a price jump to over US$1,400 for an ounce of gold. In addition to unresolved problems such as Brexit in March and the possible intensification of the US-Chinese trade war, analysts from J.P. Morgan and the world's largest asset manager Blackrock quoted the expectation of weaker global economic growth and declining corporate profits as the main reasons.

A softened interest rate policy might well support the gold price

In view of the massive slumps on the stock markets, the Fed announced a mere two rate hikes this year instead of the originally planned three. In 2018, the Fed had raised the key interest rate four times. Goldman Sachs analysts have interpreted this mitigation as a further indicator of a strong year 2019 for gold, especially in light of the sustained weakness of the US dollar expected by them. Financial experts also regard the significant price gains in shares of mining companies as well as above-average gold purchases by numerous central banks as positive signals that gold might do better in 2019 than over long stretches of the previous year.

Upcoming Events

Events

22.10.2020 - 22.10.2020 Investment Fund Day of Börsen-Zeitung Frankfurt

Digital Conference

Events

02.11.2020 - 03.11.2020 Private Wealth Excellence Forum

Youtube channel

Production of Umicore precious metal bars

Production of Umicore precious metal bars

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Please select the optional cookies to activate Youtube.

Newsletter

Are you interested in receiving regular information on Xetra-Gold? Then subscribe to our monthly, free-of-charge newsletter to learn more about our gold holdings, upcoming events and to read our gold market outlook.

Required mandatory fields are marked with an asterisk (*).

Your data, collected for the purpose of sending the above information, will be processed in accordance with the DSGVO, i.e. they are used exclusively for the purposes mentioned above. The data will not be passed on to third parties. You can unsubscribe from our information services at any time using the unsubscribe function.

Further information is available in our complete data protection declaration.

Xetra-Gold Newsletter

We are sorry that you consider to unregister from our newsletter. Are you missing out information? If yes, we are pleased to receive your feedback. Of course, you can always re-register at any later point of time.

Required mandatory fields are marked with an asterisk (*).

Your data, collected for the purpose of sending the above information, will be processed in accordance with the DSGVO, i.e. they are used exclusively for the purposes mentioned above. The data will not be passed on to third parties. You can unsubscribe from our information services at any time using the unsubscribe function.

Further information is available in our complete data protection declaration.

Xetra-Gold Newsletter

Xetra-Gold Hotline

Xetra-Gold-Hotline

Do you have questions? We have the answers. Contact us here: 9 a.m.–6 p.m. CET

+49-(0) 69-2 11-1 16 70

xetra-gold@deutsche-boerse.com

For press inquiries:media-relations@deutsche-boerse.com

To contact form