The precious metal finds the buying momentum from a combination of weaker dollar and falling stock markets. Investor concerns over the economy add to the upside pressure on the bullion. By the way, as the U.S. Confer-ence Board report showed, consumer confidence index fell more than expected in December, down to 128.1 from November's multi-year high at 135.7. More importantly, the expectations index dropped below the 100 mark from 112.3 earlier, which shows that US consumers are getting more concerned about future economic growth.
All this play’s into gold’s hands and could continue to fuel safe haven demand in 2019 should the global econ-omy lose momentum further. But at the same time, the major central banks could at some stage delay tightening, which in turn may cap the downside pressure on risky assets and limit the metal’s po-tential some time later.