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

Bearish Cracks Appearing In Bullish Gold Market
Monday, 19 August 2019 15:16 WIB

After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new low...

Wall Street, Main Street Sill Bullish On Gold, But Caution Creeping Higher
Monday, 12 August 2019 12:41 WIB

The market remains emphatically bullish on gold. But, looking past the headlines, the yellow metal is beginning to look overbought, according to some analysts. The gold market is on track to see its biggest weekly gain in more than three years as prices trade near a fresh six-year high. Although ec...

Gold Survey Shows Bulls In Full Control
Monday, 5 August 2019 13:19 WIB

The gold bears had their chance to take control of the market but failed, and now the bulls are in full control as both Wall Street and Main Street expect to see higher prices in the near-term as uncertainty dominates financial markets. "The bears tried to break the market and they failed so now we...

Wall St., Main St.: Gold To Shine During FOMC Week
Monday, 29 July 2019 14:29 WIB

Wall Street and Main Street both look for gold prices to climb this week, with the Federal Open Market Committee widely expected to cut U.S. interest rates, according to the weekly Kitco News gold survey. Wall Street respondents cited a dovish Fed, technical-chart momentum in gold and the ability o...

Wall St., Main St. See Gold Prices Maintaining Upward Momentum
Monday, 22 July 2019 13:24 WIB

Wall Street and Main Street look for gold to keep building on its recent gains, according to the weekly Kitco News gold survey. The metal hit a fresh six-year high in screen trading after renewed dovishness from Federal Reserve officials last Thursday. œGold has not only continued its upward mov...

POPULAR NEWS
Tuesday, 20 August 2019 07:32
Tokyo Stocks Open Higher, Tracking US Rallies
Tuesday, 20 August 2019 09:42
Gold Firms Below $1,500 After Slide
Tuesday, 20 August 2019 16:15
US futures point to a slightly higher open
ANOTHER NEWS
Oil Steadies After Report Indicates Drawdown in U.S. Stockpiles
Wednesday, 21 August 2019 07:54 WIB Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week. Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had...

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.