Gold Price To Top $1,300? Depends On U.S. Senate - Analyst
Tuesday, 28 November 2017 14:59 WIB | GOLD CORNER |Gold OutlookGold Corner

All eyes are on Capitol Hill this week for a make-or-break vote on tax reform in the U.S. Senate. According to one strategist, the political landscape could determine whether gold will drive above $1,300 an ounce.

In a research note Monday, Jonathan Butler, precious-metals strategist at Mitsubishi, said U.S. political uncertainty represents the largest potential for the gold market, with the focus on this week™s tax-reform vote and next week™s debt-ceiling vote.

œThe outlook for gold and precious metals is that macroeconomic news may present near-term headwinds, but the longer-term picture is generally supportive with substantial potential upside in the coming weeks if the U.S. government fails to agree on either tax reform or the debt ceiling, he said.

Butler™s comments come as gold prices remain within striking distance of $1,300 an ounce. December gold futures last traded at $1,294.10 an ounce, up 0.53% on the day. Gold is benefiting from a weaker U.S. dollar, which is trading near a two-month low, and a flatter yield curve, with the spread between two-year and 10-year bonds fall to 57 basis points, a new multi-year low.

Uncertainty over the vote is extremely high, with many expecting to see a close battle as Republicans only hold a slim majority in the Senate. Republicans can only afford to lose two of their own party™s votes on the legislation.

Muddying the political waters this week is the Congressional Budget Office, which Sunday reaffirmed its finding that the proposed legislation would raise the national debt by $1.4 trillion dollars; however, the bipartisan office did not provide a score.

œFailure to agree on tax reform or the debt ceiling could be damaging for risk assets, and especially for the U.S. dollar while supporting gold as a risk hedge, Butler said. œIf successful, this could see a return of the ˜Trumpflation™ trade “ giving a boost to equities and damaging gold.

Source: Kitco News


If Fed Signals Weak Inflation, Gold Could Move Back Up To $1,300 - TD Securities
Tuesday, 12 December 2017 18:10 WIB

Setelah sesi perdagangan yang mengecewakan, satu bank melihat emas bisa mengakhiri pekan ini dengan catatan positif, dengan harga mungkin bergerak naik ke level $ 1.300 per ounce jika Federal Reserve pada hari Rabu nanti mengisyaratkan inflasi yang lemah. "Jika inflasi mengecewakan atau Fed mengkom...

Gold Is Escaping The 'December Curse' But Silver Isn't - Analyst
Tuesday, 5 December 2017 19:58 WIB

Emas tidak mungkin mengakhiri tahun ini di level terendah tahunan, meski tidak akan mampu melepaskan diri dari kutukan Desember seluruhnya, menurut seorang analis komoditas. Sejak 2013, emas telah mengukir pola akhir tahun yang cukup dikenal dengan harga jatuh ke atau mendekati posisi terendah tahu...

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...

Oil Extends Advance Toward $58 as U.S. Drillers Trim Rig Count
Monday, 18 December 2017 13:49 WIB Oil extended gains toward $58 a barrel as U.S. drillers targeting crude reduced the rig count for the first time in four weeks. Futures added 0.5 percent in New York after rising 0.5 percent Friday. Shale explorers trimmed the number...


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.