Gold to Extend Rally in 2020 as Retail Investors Climb on Board
Tuesday, 15 October 2019 08:35 WIB | PRECIOUS METALS | Spot EmasEMASGOLD

The next push in gold prices will come from retail investors as risks remain skewed to the upside, according to Standard Chartered Bank.

Having already rallied to the highest in more than six years, bullion will still benefit from safe haven flows, according to Suki Cooper, precious metals analyst at the bank. Prices will average $1,510 an ounce in the fourth quarter of 2019 and $1,570 in the same period next year, she said.

A similar trend occurred in 2011, when the initial push higher was driven by ETF flows and tactical investors, but retail demand didn't respond for another 12 to 18 months, Cooper said. While progress on trade talks has triggered near-term profit-taking in gold, which could continue as risk appetite returns, the longer-term price risks are skewed to the upside, she added.

Spot gold was steady at $1,491.63 an ounce on Tuesday, following last-month's rally to $1,557.11, the highest level since 2013. Prices touched a record of $1,921.17 in September 2011.

Source : Bloomberg

RELATED NEWS

Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade
Saturday, 14 December 2019 02:21 WIB

Gold prices climbed Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out news that China has agreed to the text of a phase one trade deal with United States. Against that backdrop, February gold rose $3.70, or 0.3%, at $1,476 an ounce, set to more tha...

Gold Steady as Weaker Dollar Offsets Increased Risk Appetite
Friday, 13 December 2019 18:40 WIB

Gold prices were steady on Friday as a weaker dollar helped offset pressures from an increased appetite for riskier assets following reports of a breakthrough in China-U.S. trade negotiations, while palladium scaled a fresh peak. Spot gold fell 0.1% to $1,467.20 per ounce by 0452 GMT, but was up ab...

Gold Fails to Crumble as Trade Deal Hit Meets Dollar's Decline
Friday, 13 December 2019 15:19 WIB

Gold held its own on Friday as investors weighed bullion™s merits heading into 2020 after the U.S. and China managed a breakthrough in their bitter and drawn out trade dispute, with the commodity™s initial losses driven by weaker haven demand offset by a slump in the dollar. Bullion fluctu...

Gold Prices Slip on News of Phase One Trade News; U.K. Election in Focus
Friday, 13 December 2019 12:59 WIB

Gold prices are modestly down on Friday in Asia after reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China. U.S. Gold Futures slipped 0.1% to $1,471.85 by 12:45 PM ET (04:45 GMT). The written text of the phase one agreement is still being fin...

Gold Extends Decline After Trade Breakthrough, U.K. Election
Friday, 13 December 2019 07:42 WIB

Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in e...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

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.