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 as investor risk sentiment improved, which has pushed prices down 3% last week, its worst performance in 2.5 years. Darin Newsom, president of Darin Newsom Analysis, said that although gold has made a big move to the downside, the market doesn't appear oversold. He added that his next big...

Read more

RECENT NEWS

Wall Street and Main Street look for gold to keep climbing this week, according to the Kitco News gold survey. Many traders and analysts cited a dovish Federal Open Market Committee after a policy meeting this week, in which officials indicated they are pausing in the monetary-tightening cycle while awaiting more economic data. This tends to undermine the U.S. dollar, which helps gold. It also...

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...

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.