Gold's Outlook Turns Bearish on Drop Below 100-Day MA
Monday, 12 November 2018 18:27 WIB | PRECIOUS METALS |GOLDEMASBullionEmas berjangka

Gold traded near a one-month low, hurt by the strength in the dollar. Prices ended last week below the 100-day moving average, often a bearish signal, and the Bloomberg Dollar Spot Index is at a 18-month high.

Bullion for immediate delivery weakened 0.2% to $1,206.89/oz . Bloomberg Dollar Spot Index added 0.5% .

However, there are some bright spots. ETF investors and hedge funds show no signs of abandoning gold, and early estimates suggest that buying during Dhanteras, the most auspicious day in the Hindu calendar to buy gold, was better than expected.

Indian gold retailers sold 16 tons of jewelry and investment bars and coins this year, compared to 14 tons in 2017, according to Saurabh Gadgil, chairman and managing director at PNG Jewellers

Holdings in exchange-traded funds backed by gold have risen for five weeks, the longest stretch in more than a year.

Source: Bloomberg

RELATED NEWS

Gold Touches Over Six-Year Peak as Risk-Off Appetite Stoked
Monday, 26 August 2019 09:38 WIB

Gold prices jumped to a fresh six-year high on Monday as the announcement of new tariffs in the escalating Sino-U.S. trade war sent equity markets tumbling, and investors rushing for safe-haven assets. Spot gold jumped 1.2% to $1,544 per ounce as of 0141 GMT, having earlier touched $1,554.56 an oun...

Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headline...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech
Friday, 23 August 2019 19:19 WIB

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak F...

Gold set for worst week in nearly 5 months; Powell's speech in focus
Friday, 23 August 2019 15:54 WIB

Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.2% to $1,495.80 per ounce...

Gold Prices Drop Ahead of Jackson Hole Symposium
Friday, 23 August 2019 14:10 WIB

Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchan...

ANOTHER NEWS
Nikkei Tumbles to 3-Week Low as U.S.-China Trade War Worsens
Monday, 26 August 2019 10:17 WIB Japanese shares shed more than 2% on Monday, with China-related firms leading the losses after a fresh escalation in the Sino-U.S. trade war knocked global equities markets. The Nikkei share average fell as much as 2.6% to 20,173.76, its lowest...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.