Gold should face headwinds in the near-term future, but a few years out, over-tightening by the Fed could send the economy into a recession and push gold prices up substantially, this according to Erik Norland, Executive Director and Senior Economist of CME Group. 'We have a vast expansion in deficits in the United States, and if the Fed over-tightens and were to put the economy into a recession and then have to cut rates back, we could see a tremendous, tremendous bull rally in gold,' Norland told Kitco News. Norland noted that this scenario may not materialize for a while. œAt the...

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Gold prices may remain under pressure in the near term but are likely to rally into year-end and 2019 with the help of an eventually softening U.S. dollar and many other factors, says TD Securities. 'We forecast the yellow metal to average $1,225/oz in the last three months of 2018, with prices moving into the $1,300s by the end of 2019,' the Canadian bank said in a research note on...

Gold Expected To Gain Some Luster After Fed

Monday, 24 September 2018 11:35 WIB

Wall Street and Main Street both look for gold prices to rise this week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market Committee meeting is widely expected to hike interest rates another 25 basis points this week. But that hasn't deterred analysts, who suggest this is already factored into prices. Eighteen market professionals took part in the Wall Street survey....

Gold has been trading in a compressed range all week but the yellow metal has a higher chance of breaking out to the upside than downside, said Todd 'Bubba' Horwitz of bubbatrading.com. 'This compression torments both the bulls and the bears. Eventually it's going to break one way or the other and I believe it's going to break to the upside, and I think all signs point that gold is ready to...

Gold Struggles Continue

Thursday, 13 September 2018 04:15 WIB

There is no interest in the metals as they churn in consolidation on their road to nowhere. Another day off the calendar, another day the metals did nothing. This is the pattern that is lulling everyone to sleep and eventually metals will break out -- either up or down. On Tuesday, gold tested the lower level of support and immediately bounced back, indicating the higher low is holding. The...

Gold is losing some shine for investors as the price has plunged to a 20-month low on the back of emerging market currency depreciation. The price dropped 3% in recent weeks - taking the price to $1200 an ounce. The figure is a sweet spot for gold producers as profit margins are eroded by production costs. The industry regards falling below $1200 an ounce as a trigger for slowing production...

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