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

Wall Street and Main Street both look for gold prices to rise this week, based on the Kitco News weekly survey. The metal was range-bound for much of last week before tumbling with other commodities on Friday amid U.S. dollar strength as U.S.-China trade-war worries intensified again. Other significant news events last week were a North Korea-U.S. summit, 25-basis-point interest-rate hike by...

Wall Street and Main Street alike look for gold prices to rise this week even though the Federal Open Market Committee is widely expected to hike U.S. interest rates again, based on the Kitco News weekly survey. But then, some observers pointed out: traders have already factored higher U.S. rates into markets. Investors have many major news events to monitor this week, with perhaps the most...

Gold will have a better month in June following a drop below the key psychological level of $1,300 an ounce in May, said INTL FCStone, adding that the U.S. dollar rally will run out of steam. The yellow metal prices are likely to trade between $1,280-$1,335 an ounce in June, wrote INTL FCStone analyst Edward Meir in a report published on Sunday. One of the central triggers to give gold a...

Wall Street and Main Street both look for gold to continue a price recovery this week, based on the Kitco News weekly gold survey. Gold recouped the $1,300-an-ounce level during the latter part of last week after hitting its weakest price of 2018 on Monday. Catalysts behind the comeback included a technical bounce, Federal Open Market Committee minutes that did not show any signs that...

Even as gold continues to trade below $1,300, the œfundamental case for holding the yellow metal remains intact, said Dutch bank ING, listing three main drivers that will provide support to prices. œWe look to physical demand, geopolitics, and inflation to provide support, ING commodities strategist Oliver Nugent said in a note published on Friday. Gold prices closed the week below...

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.