Get Ready: 'Big Breakout For Gold' Is Coming - Bloomberg Intelligence
Monday, 2 April 2018 11:37 WIB | GOLD CORNER |Gold OutlookGold Corner

A gold rally is in the cards for April, said Bloomberg Intelligence commodity strategist Mike McGlone, adding that not much can get in the way of that happening.

'Something unusual would have to occur for gold's primary drivers to prevent the next leg of a price rally,' McGlone said in a note published on Thursday. 'The Fed's March rate hike gave increasingly compressed gold the green light to spring higher. Nascent recoveries in VIX volatility and inflation, plus a declining dollar, favor richer gold.'

Bloomberg's note was released after gold prices dropped down to around $1,325 on Wednesday, followed by an uneventful trading session on Thursday.

Metals will kick-off April™s trading on a solid footing, especially when compared to a œwobbly stock market, McGlone said.

œExtremely compressed gold is poised to break above resistance, while industrial metals are likely to recover from the most significant test of support in the nascent bull market, the strategist wrote. œPrimary metals demand vs. supply drivers are increasingly favorable along with a declining dollar.

The only elements which could reverse a bullish trend in gold are a recovery in inflation and a reversal in stock-market volatility, which are both unlikely to happen, McGlone added.

Other gold analysts seem to agree with McGlone™s rally expectations, telling Kitco News on Thursday not to lose faith in the yellow metal, which is expected to eventually break through the $1,400 level.

œThe more ground gold can hold the better it will do when the U.S. dollar eventually turns. I expect the U.S. dollar will lose another 5% this year and that will be bullish for gold, said Bill Baruch, president of Blue Line Futures.

Source: Kitco News

RELATED NEWS

Gold On The Defensive - Peter Hug
Tuesday, 24 April 2018 05:44 WIB

Pada liburan minggu lalu, saya kehilangan nuansa beberapa hari perdagangan terakhir. Kami menyebutkan bahwa gambaran teknis tampak positif dengan peringatan bahwa level $ 1.355 pada basis penutupan diperlukan untuk menciptakan momentum kenaikan lebih lanjut. Melihat grafik minggu lalu, pedagang tida...

Gold Will See New Highs After Markets Get Past Hawkish Fed Outlook - TD Securities
Tuesday, 17 April 2018 16:36 WIB

Pergerakan positif harga emas baru-baru ini telah tertahan oleh pandangan Federal Reserve yang hawkish, TD Securities mengatakan dalam sebuah laporan. œTensi tinggi internasional, USD yang agak lemah dan volatilitas dalam ekuitas telah membuat emas menyentuh level setinggi $ 1,365 / oz minggu ini...

Gold Disappoints Bulls, Restrained By White Metals - Saxo Bank
Monday, 9 April 2018 20:59 WIB

Para bulls emas sekali lagi kecewa dengan kurangnya pergerakan logam kuning ini untuk menembus level resisten kunci di level $ 1,355 per ounce, Saxo Bank mengatakan, menambahkan bahwa logam mulia sedang tertahan oleh kinerja buruk logam putih. "Kinerja emas baru-baru ini sekali lagi mengecewakan pa...

Gold And The Fed Rate Hike
Tuesday, 27 March 2018 04:44 WIB

Emas terus diperdagangkan pada pola penguatan sejak the Fed mulai menaikkan suku bunga. Hal itu terdiri dari pola pelemahan jelang pertemuan Fed yang diantisipasi, sedikit lebih rendah pada saat pengumuman dan kemudian menjalani reli yang kuat. Kami menyebutkan bahwa emas akan berpotensi melihat le...

Expect A Hawkish Fed; So Bad News For Gold? - CME Group
Wednesday, 21 March 2018 05:12 WIB

Menyusul pasar tenaga kerja yang kuat dan ekonomi yang berekspansi, pasar harus mengharapkan Fed akan salah dalam ke-hawkishness-annya, kata Executive Director CME Group dan Economist Senior, Erik Norland. "Fed jelas akan menaikkan suku bunga pada hari Rabu, saya rasa tidak ada pertanyaan tentang i...

ANOTHER NEWS
Gold prices settle at lowest in 5 weeks
Thursday, 26 April 2018 00:51 WIB Gold prices settled with a loss on Wednesday, as strength in the U.S. dollar and Treasury yields and some gains in the stock market combined to push the precious metal to its lowest finish in five weeks. June gold declined by $10.20, or 0.8%, to...

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.