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

This Is Gold's Best Chance To Break $1,300 - Saxo Bank
Friday, 24 November 2017 02:42 WIB

Pedagang emas harus bersabar seiring pasar tetap terjebak dalam kisaran perdagangan yang sempit, menurut seorang analis komoditas yang melihat potensi pertumbuhan harga lebih tinggi menjelang akhir tahun. Ole Hansen, pimpinan strategi komoditas di Saxo Bank, mengatakan bahwa kurva yield yang lebih ...

Gold Prices Can Still Surprise With A 'Strong Finish' In 2017
Friday, 17 November 2017 03:30 WIB

Para bears emas berwaspada, harga bisa mengakhiri tahun dengan "akhir yang kuat" tahun ini, kata seorang analis. "Saya tetap konstruktif di GLD dalam waktu dekat, mengharapkan akhir yang kuat untuk tahun ini," Boris Mikanikrezai, analis logam mulia di FastMarkets, menulis dalam sebuah wawancara den...

What Does Gold Do When Trump Tweets?
Thursday, 9 November 2017 22:04 WIB

Ketika Presiden Donald Trump bercuit di Twitter, pasar mendengarkan. Kami melihat ini di saat dia berkicau di Twitter untuk menyerang Nordstrom yang menghilangkan spot untuk lini busana putrinya. Saham department store tersebut turun sebanyak 1% dalam satu menit setelah tweet tersebut diposting. N...

'Real' Gold Bull Market Is Coming, It Just Needs This First - Pierre Lassonde
Tuesday, 24 October 2017 10:58 WIB

Harga emas hanya akan bergerak ke atas, naik setinggi level $ 1.400 tahun depan, namun Bull Market "sebenarnya" tidak akan berjalan sampai terjadi kenaikan inflasi yang nyata, kata tokoh pertambangan Pierre Lassonde. "Untuk emas bisa masuk ke bull market yang ˜nyata™ selanjutnya kita butuh tand...

Metals Focus Sees Gold-Friendly Conditions In 2018
Tuesday, 17 October 2017 05:34 WIB

Metals Focus melihat latar belakang yang menguntungkan untuk harga emas tahun depan. Setelah melemah banyak di bulan September, logam tersebut bergerak ke level yang lebih tinggi sepanjang Oktober, sebagian besar dibantu oleh melemahnya dolar AS seiring pedagang menganggap kurang hawkishness-nya...

ANOTHER NEWS
Hong Kong, Shanghai stocks up after sell-off (Review)
Saturday, 25 November 2017 06:00 WIB Hong Kong stocks bounced back on Friday from the previous day's losses, while Shanghai edged up after a sharp drop, but traders remained on edge over China's crackdown on speculative investing. The Hang Seng Index added 0.53 percent, or 158.38...

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.