Gold was trading just shy of the $1,320 an ounce mark in overnight trade in New York on Thursday, a three-week high. The latest bounce comes after Wednesday’s Federal Reserve meeting confirmed market expectations that interest rates remain on hold for the rest of the year.
A panel of 22 gold analysts surveyed by FocusEconomics in March sees a gentle rise for gold in 2019 to average around $1,350 an ounce this time next year.
While gold’s prospects in 2019 are rosy if not spectacular, gold mining equities have hardly begun a run-up in value.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.