2018 Might Be The Perfect Time To Buy Gold - Commonwealth Bank
Friday, 3 November 2017 21:50 WIB | GOLD CORNER |Gold OutlookGold Corner

Next year is looking like a perfect time to get into the gold market, says one commodity strategist, who forecasts lower prices by the end of 2018.

œGold still has some room to give before it is a good buy. Right now, we are in a neutral position. But, I™d be more comfortable buying when we get down to at least $1,250 or below. And anything around $1,300 is a good selling level, Vivek Dhar, commodity strategist at the Commonwealth Bank of Australia (CBA), told Kitco News on Friday.

And this $1,250 level might be just around the corner, Dhar said, adding that CBA sees gold averaging $1,300 an ounce during the last quarter of this year and then coming down to $1,250 by the end of 2018.

œThe range of $1,250-$1,300 is looking to continue for the foreseeable future, he said in a telephone interview.

Some of the things to watch for as we get ready to say goodbye to 2017 is how the nomination of Federal Reserve Governor Jerome Powell as the next head of the U.S. central bank might impact gold.

œWe believe Powell is a centrist on the FOMC and is expected to maintain the Fed™s current gradual approach to interest rate normalization, Dhar said.

Another key trigger for gold will be the outcome of Trump™s tax reform. œIf that reform comes through, it will be positive for the U.S. dollar, with all the cash repatriation that would go along with that, Dhar explained. œAnd assertive U.S. dollar is negative for gold.

Other surprises in 2018 could come from geopolitical tensions, which have retreated into the background for now.

œWe saw gold prices go up above $1,300 after U.S. President Donald Trump and North Korea exchanged words. Those are the risks the market can™t forecast, Dhar said.

Geopolitical risks can work around the standard gold drivers, such as U.S. real interest rates, to boost safe-haven demand, but their effects are usually only temporary, commodity strategist added.

œRisk of escalation with North Korea has moderated now or the market had simply adjusted to it, he said. œThe general trend is when we have a risk event, it gets priced in and then stops. This was the case with North Korea, which first heavily influenced prices, but as that conversation kept going, the market looked away from it.

Source: KitcoNews

RELATED NEWS

Gold Expected To Gain Some Luster After Fed
Monday, 24 September 2018 11:35 WIB

Wall Street dan Main Street keduanya melihat harga emas untuk naik minggu ini, berdasarkan survei emas mingguan Kitco News. Rapat Komite Pasar Terbuka Federal AS diperkirakan akan menaikkan sebesar suku bunga 25 basis poin minggu ini. Tapi itu tidak menghalangi analis, yang melihat kenaikan suku bu...

All Signs Point To Upside For Gold - Expert
Tuesday, 18 September 2018 04:47 WIB

Emas telah diperdagangkan dalam kisaran terkompresi sepanjang minggu tetapi logam kuning memiliki peluang lebih tinggi untuk menembus ke atas daripada bergerak ke bawah, kata Todd "Bubba" Horwitz dari bubbatrading.com. œKompresi ini menyiksa baik bulls maupun bears. Pada akhirnya ini akan merusak...

Gold Struggles Continue
Thursday, 13 September 2018 04:15 WIB

Tidak ada animo untuk logam saat mereka bergejolak dalam konsolidasi di pola yang stagnan. Satu hari lagi di luar kalender, hari lainnya di mana logam-logam tidak melakukan apa-apa. Ini adalah pola yang menina-bobokan semua orang untuk tidur dan akhirnya logam akan bergerak keluar - baik naik atau t...

Gold Loses Shine As Price Falls To $1200 Sweet Spot
Monday, 3 September 2018 20:38 WIB

Emas kehilangan sinarnya untuk investor seiring harga telah jatuh ke posisi terendah 20-bulan menyusul depresiasi mata uang pasar berkembang. Harga turun 3% dalam beberapa pekan terakhir - membuat harga bergerak ke level $ 1.200 per ounce. Angka itu adalah ˜sweet spot™ bagi produsen emas seiri...

Wall St. Still Upbeat On Gold; Main St. Flips To Bullish
Monday, 27 August 2018 21:18 WIB

Wall Street dan Main Street keduanya melihat harga emas yang lebih tinggi minggu ini, survei mingguan emas Kitco News menunjukkan. Ini mencatatkan pembalikan tajam untuk Main Street, setelah 74% dari responden ini minggu lalu melihat emas jatuh pada minggu lalu. Ini merupakan bearishness Main Stree...

POPULAR NEWS
Monday, 24 September 2018 11:35
Gold Expected To Gain Some Luster After Fed
Monday, 24 September 2018 07:15
Aussie Falls, Asia Stocks Face Drop on Trade Woes
Monday, 24 September 2018 08:11
Yen climbs as China halts trade talks with U.S
ANOTHER NEWS
EU Sets Up Payment System with Iran to Maintain Trade
Wednesday, 26 September 2018 03:44 WIB The five remaining parties to the Iran nuclear deal have agreed to establish a special payment system to allow companies to continue doing business with the regime, bypassing new sanctions imposed by the United States. Envoys from Britain, France,...

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.