Here's Why the Price of Gold Will Keep Going Up in 2019- Krauth

Correction in gold prices may have already hit a low and gold can rally despite the unclear direction of the dollar. 

"Bulls can stop worrying about the price of gold falling anytime soon... pullback was not only normal, but healthy.

"Gold prices just notched a huge gain over a short six-month period, blasting 14% higher between August and mid-February. That's big. And if the gold price had continued to power any higher, its correction could have been worse.

"So chalk it up to normal bull action of three steps forward and one step back as gold continues to climb its golden staircase. Although the price of gold has dropped by about $60 from its recent peak, we may have already seen the worst.

"The Fed's renewed dovish stance has lower real rates back as a driving factor for higher 2019 gold prices. And consider too that, seasonally, gold tends to bottom around mid-March then climb through until end of May.

"Gold has already printed a solid bounce back to $1,310 in just the last few days, strongly suggesting its correction has run its course.

"With all this in mind, there are big things ahead for the price of gold in 2019.