Gold Is Just Getting Started - Scotiabank
Tuesday, 20 November 2018 05:51 WIB | GOLD CORNER |Gold OutlookGold Corner

Although the gold market has been unable to maintain October's momentum, one Canadian bank is not ready to give up on the precious metals just yet.

Analysts at Scotiabank said that they see further potential for the yellow metal as the bank sees a wave of risk-off sentiment sweep through financial markets and inflation pressures rise, according to its November Metals Matters precious metals report.

œEconomic data has generally been showing weakness, including some U.S. data, and economic bellwethers such as the base metals have remained under pressure as the U.S. trade disputes have dragged on, the analysts said. œGold has turned more favorable as other markets have started to become more risk-averse. As such, there does seem to be room for more safe-haven demand for gold as money rotates out of equity and bond markets.

The comments come as gold prices continue to hold above a critical support level at $1,220 an ounce; December gold futures last traded at $1,223.70 an ounce, relatively unchanged on the day. Meanwhile, equity markets struggle to find momentum with the S&P 500 last trading at 2,704 points, down nearly 1% on the day.

The analysts noted that along with economic uncertainty, geopolitical instability surrounding global trade issues will continue to support inflationary pressures, which could help gold fight against ongoing strength in the U.S. dollar.

œGold prices and the dollar have generally both been strong in October, so further dollar strength may not be too strong a headwind for gold from these still generally low price levels, the analysts said. œWe said in the October Metal Matters report, we may not be that far from a turning point in gold prices “ this may well now have happened.

Source: Kitco

RELATED NEWS

Wall St., Main St. Expect Gold To Keep Shining
Monday, 10 December 2018 13:04 WIB

Wall Street dan Main Street keduanya melihat emas untuk membangun pergerakan minggu lalu untuk bergerak lebih tinggi selama minggu depan, berdasarkan survei emas Kitco News. Pengamat memperkirakan laporan yang lebih lemah dari perkiraan pada payroll nonfarm AS akan terus menawarkan dukungan kepada ...

Can Gold Beat The December Curse?
Tuesday, 4 December 2018 12:00 WIB

Seorang analis komoditas mengatakan dia sedang menunggu untuk melihat apakah pasar emas dapat mengalahkan kutukan Desember seiring pasar memulai bulan dengan catatan yang kuat, diperdagangkan tepat di bawah level resisten kritis $ 1.240 per ounce. Dalam tiga tahun terakhir, Desember bukanlah bulan ...

Gold Looks Good In 2019 But Needs Inflation To Break $1,300 - IHS Markit
Tuesday, 27 November 2018 05:37 WIB

Meskipun pasar emas dapat diperdagangkan di atas kisaran enam bulan saat ini pada tahun 2019, investor seharusnya tidak mengharapkan harga untuk menembus orbit mereka, menurut salah satu perusahaan riset internasional. Dalam wawancara telepon dengan Kitco News, KC Chang, ekonom senior di IHS Markit...

Gold Prices May Fall Further as US Dollar Recovery Continues
Monday, 12 November 2018 16:36 WIB

Harga emas turun bahkan meski imbal hasil obligasi mengikuti pergerakan lebih rendah saham dan jalur kenaikan suku bunga acuan yang tersirat dalam berjangka Fed Funds mendatar pada hari Jumat. Dolar AS kembali menemukan daya tarik havennya terhadap latar belakang risk-off, dan kenaikannya menggerogo...

Gold Awaits The Election
Monday, 5 November 2018 22:29 WIB

Emas telah melambung dalam kisaran $ 20 sejak akhir Oktober. Mendiskontokan penurunan pada 31 Oktober, yang kami yakini adalah penjualan dana untuk meraih beberapa keuntungan bagi target client-statement untuk mengimbangi penurunan dalam ruang ekuitas, emas tetap berada dalam kisaran yang sangat ket...

POPULAR NEWS
Monday, 10 December 2018 09:01
Hong Kong Stocks Drop in Opening Minutes
Monday, 10 December 2018 07:30
Tokyo: Benchmark Nikkei Open Lower
Monday, 10 December 2018 13:39
Gold Prices Edge Up on Softer U.S. Dollar
ANOTHER NEWS
Hong Kong stocks fall on China data, trade fears
Tuesday, 11 December 2018 04:38 WIB Hong Kong stocks dropped Monday following more weak economic data out of China, while investors also fretted over the outlook for China-US trade talks. The Hang Seng Index shed 1.19 percent, or 311.38 points, to 25,752.38. The benchmark Shanghai...

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.