Newly found market stability and increased risk appetite are unlikely to last, according to one long-standing gold bull, who recommends not to overlook the metal.
“The macro backdrop for gold will prove friendlier in 2019 than last year because the degree of U.S. monetary policy tightening seen last year is unlikely to be sustained,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Wednesday.
Following a gold rally and a major U.S. equities sell-off in December, the equity space saw a rebound in January, putting pressure on gold prices, which have been trading just below the $1,300 level for the past few weeks.
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.
