Gold continued to gain ground in 2017, picking up about 12% and extending its streak of winning performances. Yet many investors weren’t pleased at how the yellow metal didn’t manage to outpace the returns of the stock market. With prices closing the year around $1,300 per ounce, some might be surprised to discover that many professionals anticipate weaker gains for gold in 2018 than they saw last year. Let’s take a closer look at what’s in store for the precious metal in the coming year.
Where is gold headed in 2018?
Gold is facing a great deal of uncertainty right now. Many of the difficult conditions that analysts expected in 2017 didn’t come to pass, as rising short-term interest rates didn’t lead to a big jump in longer-term bond yields.