Gold To Do Better In June As Dollar Rally Stalls - INTL FCStone
Tuesday, 5 June 2018 05:12 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold will have a better month in June following a drop below the key psychological level of $1,300 an ounce in May, said INTL FCStone, adding that the U.S. dollar rally will run out of steam.

The yellow metal prices are likely to trade between $1,280-$1,335 an ounce in June, wrote INTL FCStone analyst Edward Meir in a report published on Sunday.

One of the central triggers to give gold a reprieve is a stalling U.S. dollar, led by the sentiment that the Federal Reserve™s June rate hike has already been priced in by the markets.

œOnce [the rate hike] is out of the way, the market will be focusing on the next and potentially last move before the Fed stops for a while. We also think that the rate picture may have run its course as well, at least for now, Meir said.

Trade war rhetoric will also play a central role in driving gold prices in June, the report pointed out.

œA steadily deteriorating trade situation is arguably bearish for the dollar (and bullish for gold), but should the situation improve, we could see the dollar rally and pressure gold in the process, Meir said.

On top of that, there are a number of geopolitical risks to keep in mind as the summer gets going, including Italy, Spain and North Korea, the analyst added.

œItaly and Spain, the region™s most heavily indebted countries (after Greece), continue to struggle politically, although the worse seems to be over, he said. œThe other major event will fall on June 12th, which is when President Trump is supposed to meet with the North Korean leader. Any semblance of a rapprochement will be net bearish for gold, albeit temporarily, since political events tend to have a short-term impact on prices.

Gold prices surprised the market in May by hitting a fresh 2018 low of $1,280 an ounce, pressured down by strong U.S. dollar and rising U.S. yields.

Source: Kitco News

RELATED NEWS

MKS: Gold Support Around $1,210-$1,220 Should Restrict Declines
Tuesday, 23 October 2018 06:15 WIB

Spot emas tetap di atas support grafik yang dimulai di sekitar $ 1.220 per ounce, kata MKS (Swiss) SA "Kekhawatiran perdagangan antara AS dan China tetap tinggi dan ketegangan AS-Saudi yang sedang berlangsung kemungkinan akan terus mendukung nada tawaran untuk emas dalam jangka pendek, "kata MKS. "...

Gold Rally Rolls On
Tuesday, 16 October 2018 04:14 WIB

Pada hari Jumat kami mengajukan pertanyaan - bisakah rally emas berlanjut? Pasar telah berbicara dengan kata ya. Emas diperdagangkan di level setinggi $ 1,237 pagi ini. Tingkat kunci berikutnya untuk dicermati adalah $ 1.240. Penembusan ke atas $ 1.275 mulai terlihat. Yang paling penting untuk dii...

What Would Trigger A "Tremendous Bull Rally" In Gold?
Monday, 8 October 2018 20:56 WIB

Emas kan menghadapi tantangan dalam waktu dekat, tetapi beberapa tahun ke depan, pengetatan yang berlebihan oleh Fed dapat mengirim ekonomi ke dalam resesi dan mendorong harga emas naik secara substansial, menurut Erik Norland, Direktur Eksekutif dan Ekonom Senior CME Group. "Kami melihat ekspansi ...

TDS Looks For $1,300/Oz Gold Prices By End Of 2019
Tuesday, 2 October 2018 21:22 WIB

Harga emas mungkin tetap di bawah tekanan dalam waktu dekat tetapi kemungkinan akan rally pada akhir tahun dan 2019 dengan bantuan pelemahan dolar AS pada akhirnya dan banyak faktor lainnya, kata TD Securities. "Kami memperkirakan logam kuning untuk berada rata-rata di level $ 1.225 / oz dalam tiga...

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...

ANOTHER NEWS
Gold Steady, Palladium Nears Record as Dollar Gains
Tuesday, 23 October 2018 10:49 WIB Gold was steady as the dollar traded around the highest level in two months amid continuing tensions between the U.S. and Saudi Arabia over the killing of a prominent critic of the kingdom. Palladium traded near a record high, as the...

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.