Some Central Banks Are Buying Gold For The First Time In Years

After a brief dip on Tuesday, gold prices are back on the rise on Wednesday, helped by a more dovish Federal Reserve and a weaker U.S. dollar. The gold market is now consolidating, as market watchers have been expecting for quite some time. Metals analysts are now looking for a breakout for gold prices above $1,300 with support from a somewhat unexpected place. Q3 hedge fund letters, conference, scoops etc Gold price forecast lifted In a note this week, HSBC Chief Precious Metals Analyst James Steel said the firm has increased its 2019 average gold price forecast to $1,314 per…