Metals expert Suki Cooper sees gold prices hitting a speed bump before they can challenge last year’s highs.
She expects gold prices to average $1,285 in the second quarter. Right now, it’s trading just above $1,300 an ounce.
However, Cooper predicts gold will regain its luster once investors realize the Fed isn’t moving on interest rates.
“We expect gold to end the year on a strong note,” she said. “It is in the fourth quarter that we will see gold prices testing the highs that we saw in 2018 and 2017 and potentially matching the highs from five years ago.”
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.