Metals expert Michael Dudas of Vertical Research believes gold can rally again next year.
“His 2018 year-end target calls for gold to hit $1400, an 8 percent gain from current levels. According to Dudas, higher inflation expectations in 2018 should be strong enough to push gold prices even higher,” reports CNBC.
Tax reform along with other government initiatives coupled with higher interest rates and a stronger dollar are among the factors that could hamper potential upside for gold.
Tom Lydon’s clients own shares of GLD.