Commerzbank: Meeting Fed, Jobs Impact Could Be Mixed For Gold
Tuesday, 29 January 2019 04:43 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold may well benefit if the Federal Reserve does not hike interest rates this week but then could be hurt if the monthly jobs report is strong, says Commerzbank.

A number of news events could impact markets this week, including another U.K. Parliament vote on the Brexit deal with the European Union, the bank says.

œAs the current version presented by Prime Minister Theresa May hardly differs from the previous one, it is highly likely that the deal will be rejected again, Commerzbank says.

œWe believe that the U.S. Fed will not raise interest rates any further on Wednesday because economic concerns have increased. Though this should have a positive impact on gold, the publication of a robust labor market report in the U.S. could have a dampening effect again on Friday.

Source: Kitco

|

RELATED NEWS

Unique split on Wall Street to keep investors guessing the gold price this week
Monday, 18 November 2019 11:02 WIB

This week will be an interesting one for gold with Wall Street uniquely split between expectations of higher and neutral gold prices, while Main Street is still very bullish, according to the latest Kitco News gold price survey. It's been a messy week for gold prices as the metal was unable to brea...

Less than 50% of Main Street optimistic on gold prices rally; Wall Street outright bearish
Monday, 11 November 2019 17:10 WIB

Gold is not ending the last week on a strong note and there is not much conviction among Wall Street analysts and Main Street investors that the selling pressure will end this week, according to the latest Kitco News Weekly Gold Survey. The gold market was hit with strong technical selling pressure...

What happens to the gold price when Fed cuts rates this week?
Monday, 28 October 2019 11:28 WIB

With the Federal Reserve rate cut already priced in for this week, what will actually happen to the gold price once the central bank cuts for the third time this year? Analysts sounded positive as gold's new technical momentum took prices temporarily to $1,520 an ounce, hitting a two-week high. Sin...

Gold Prices Gridlocked, Bears Take Wheel
Monday, 21 October 2019 13:10 WIB

Although Wall Street bears have an advantage, ultimately, gridlock in the gold market means prices are not going anywhere fast, according to the latest results from the Kitco News Weekly Gold Survey. Main Street investors remain bullish on gold in the near-term. Retail investors have been bullish o...

Gold prices to return to $1,500 levels soon - analysts
Monday, 14 October 2019 11:29 WIB

Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat ri...

ANOTHER NEWS
Hong Kong shares in retreat after US bill's passage (Review)
Friday, 22 November 2019 04:22 WIB Hong Kong stocks finished sharply lower Thursday after the passage of a US bill supporting the city's rights fuelled fears about the outlook for China-US trade talks. The Hang Seng index fell 1.57 percent, or 422.73 points, to 26,466.88. 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.