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2019 Could Be a Great Year for Gold Miners

Jonas Elmerraji

Markets are playing it cool Wednesday morning, holding positive territory ahead of the Fed's 2:00 p.m. rate hike decision. Broadly, investors expect the Fed to hike rates by 25 basis points - markets are pricing in about a 67% probability of a hike as of Wednesday morning - but hope that a revised dot plot could hint at Jay Powell and company hitting the brakes on additional hikes for 2019. The decision could have a big implication for one of the few assets that's actually been working during the correction that started back in October: Gold.