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Buying Gold In 2019? The Time May Be Right Now

If there's more inflation, Gold prices will be fine.

Gold has been up on the year, but if it turns out that the stock market runs low on juice, investors flocking to safety should pay attention to the precious metal. 

Gold is up roughly 3% so far in 2019. The price of the commodity moves with inflation. The Federal Reserve has backed off of interest rate hikes in 2019 as the global economy has slowed, which enables inflation to move up slightly, in turn lifting gold prices. 

The Fed's rate-hike pause looks good for Gold, "because one of the headwinds has been interest rate hikes, when people may sell gold and buy bonds, but now I think it's quite positive for Gold," said Gold Fields (GFI) - Get Gold Fields Limited Sponsored ADR Report CEO Nick Holland. 

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The next question is whether gold prices already reflected the anticipated monetary environment for 2019. But it's still not 100% clear that the Fed will continue its dovishness, "so if they live out what they say they're going to do, I'm cautiously optimistic we could see a [good] gold market for a while," Holland added. 

Related. What the latest M&A activity in gold mean for gold prices.

Related. In other commodities news, here's how a Trump tweet sent oil prices down.

See RealMoney's Doug Kass' piece on another alternative investment, weed stocks, as he revisits the sector.