ABN Amro remains positive on gold

ABN Amro/Georgette Boele/5-5-2019

“We remain positive on the outlook for gold. First, the decline in gold prices came to a halt above and relatively closely to the 200-day moving average, and thereafter prices bounced higher. This is a positive development from a technical point of view, and strengthens our case that gold prices will rally towards the end of this year. Our year-end target is USD 1,400 per ounce.”

USAGOLD note:  ABN Amro adds its name to the list of analysts who think the second half of 2019 will be a good one for the yellow metal.

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