The U.S. dollar has been stealing gold's thunder again as it took on a role of a safe-haven, with analysts warning to keep a close eye on the $1,269 level, which if broken can be a gateway to even lower prices. The yellow metal has been struggling this week as equities rebounded, the U.S. dollar climbed higher, and geopolitical tensions seemed to favor the dollar over gold. June Comex gold futures were last trading at $1,273.60, down 0.29% on the day. "We've seen a pretty strong dollar index, a resurgence in risk appetite, and we've had a move higher in the U.S. yields," TD Securities head...

Read more

RECENT NEWS

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...

Gold will continue to shine as a safe-haven asset with prices pushing above $1,300 an ounce within the next three months, according to juggernaut investment firm Goldman Sachs. Thursday in a note to clients, Jeff Currie, global head of commodities research at the bank, said he was raising his gold price forecast for 2019 as growing recession fears continue to ripple through financial...

The gold bulls are back. After a year of seeing weak gold prices, investors and analysts alike have adopted renewed optimism for the new year. While sentiment in our Outlook 2019 series has been a mixed bag so far, there's no denying that some experts were dogmatically in the œbull camp. Here are the most bullish views we've aired in the series so far, and the rationales backing up these...

2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. 'To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one,' Tucker told Kitco News. Tucker said that the next cycle peak could reach...

CPM Group looks for gold prices to rise next year as the Federal Reserve slows its pace of U.S. interest-rate hikes, yet the consultancy does not expect the yellow metal to run away to the upside either since the economy will remain strong. CPM Group looks for gold to get up to $1,300 an ounce in the first quarter and average $1,295 to $1,300 for the year, said Rohit Savant, director of...

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.