Barrons: How Gold Could Stage a 20% Rally This Year

Article by Myra P. Saefong in Barron's

Gold prices fell in April and have now given back their gains for the year, but it could still climb 20%in 2019.

This year, U.S. benchmark stock indexes have climbed—the S&P 500 and Nasdaq recently hit record highs—and the dollar has strengthened. At less than $1,300, however, Taki Tsaklanos, founding author at financial analysis provider Investing Haven, considers gold a “bargain.” Investing Haven’s price target for the year is $1,550.

Tsaklanos expects “the gold market to build up energy during the summer.” Any breakthrough, he predicts, “is likely going to happen in October or November, and it would pave the way to $1,550.”

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