Hold Gold, There's So Much Potential For 'Black Swans' Right Now - Expert
Monday, 21 August 2017 17:17 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold has proven to be a solid safe haven again, especially as political drama grows in the U.S. and geopolitical events leave investors worried.

And, according to one expert, its safe-haven bid might even push it higher.

œOne always wants to have some gold and I think particularly now in troubled times. There™s so many potential black swans that could enter the scene so you want to hold gold as an investor right now, Steve Hanke, professor of Applied Economics at Johns Hopkins University, told Kitco News in a phone interview Friday.

Hanke™s comments came as gold prices rallied, breaking up above $1,300 an ounce Friday. Prices have since cooled off but remain in an uptrend.

Gold held its ground as more Trump drama reemerged later in the day when it was announced that high-profile staffer Steve Bannon left the White House.

To Hanke, the metal has a solid footing and may even have the potential to hit $1,400 before the end of the year if, œthese geopolitical accidents or several of them happen at the same time.

If the uncertainty fizzles out next week, gold prices could cool off as investors once again refocus on the Federal Reserve™s plans to raise interest rates and reduce its balance sheet.

However, Hanke doesn™t seem to have the same confidence in the central bank as investors do.

œThe Fed is on the wrong course. They shouldn™t be looking at interest rates in the first place, they should be looking at the money supply. They could make a mistake by reducing their balance sheet, he said.

œGovernments are completely lost, they still haven™t diagnosed the Great Recession properly¦they have contributed massively to the slow recovery we™ve had.

 

Source: Kitco News

RELATED NEWS

Turbulent Fed Week To Keep Gold Prices On Their Toes -Analysts
Monday, 18 September 2017 11:14 WIB

Harga emas mungkin akan mendapatkan beberapa konsolidasi lagi minggu ini seiring daya tarik safen dari logam tersebut terus kehilangan tajinya, analis mengatakan . Namun, pertemuan Federal Reserve pekan ini bisa memberikan dukungan mengejutkan pada logam kuning tersebut. Bahkan analis emas yang bul...

BAML Keeps $1,400 Target Even As Gold Eases On Profit-Taking
Tuesday, 12 September 2017 05:21 WIB

Satu bank mempertahankan prospek emasnya di level $ 1.400 per ounce pada Senin, bahkan di saat harga melemah imbas profit taking, berpendapat bahwa logam mulia tersebut belum berada dalam wilayah overbought. "Semua komoditas tambang telah rally hingga kuartal ketiga dan tidak terkecuali emas," ...

Gold rallies on tensions; will it last?
Tuesday, 5 September 2017 05:08 WIB

Emas bertahan pada peran tradisionalnya sebagai aset safe haven seiring harga logam kuning ini melonjak satu persen ke level tertingginya dalam hampir setahun pada hari Senin setelah uji coba nuklir terakhir dan terkuat Korea Utara memacu selera investor untuk aset non-risiko. . Spot emas naik 0,9 ...

Gold's 2016 peak now looks easy to reach after the metal's big breakout
Tuesday, 29 August 2017 20:27 WIB

Korea Utara lagi-lagi terlihat seperti Public Enemy No. 1, dengan jumlah korban Harvey menambah suram mood di pasar. Peluncuran rudal Korut di wilayah udara Jepang telah membantu menempatkan S & P berada di jalur untuk bergabung dalam kemerosotan saham. Sementara itu, emas dan asset haven l...

Gold Heading Toward $1,200 in Weeks on Dollar Recovery: ABN
Tuesday, 15 August 2017 11:57 WIB

Logam kemungkinan akan jatuh ke batas yang lebih rendah dari kisaran perdagangan $ 1.200 sampai $ 1.300 dalam beberapa minggu mendatang menyusul data AS yang lebih kuat baru-baru ini mendukung dolar AS, kata Georgette Boele, ahli strategi mata uang di ABN Amro Bank di Amsterdam dalam catatan kepada ...

ANOTHER NEWS
Oil Gains on Signs U.S. Stockpile Gains Eased After Harvey
Wednesday, 20 September 2017 14:12 WIB Oil rose on signs the pace of U.S. stockpile gains is slowing as refiners resume operations after Hurricane Harvey, boosting crude demand. Futures climbed as much as 0.8 percent in New York after declining 0.9 percent Tuesday....

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.