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 lows in bond yields drove investors from equity markets and into alternative safe-haven assets. However, the gold market is preparing to end week off its six-year high, hit earlier last week. Although sentiment, especially among Wall Street analysts, remains clearly bullish, caution continues to...

Read more

RECENT NEWS

The equity markets are closed today; however, the futures markets are open. Equity futures are higher which would have led to the seventh day in a row of gains. Just three weeks ago, equities looked like they were going to collapse. Now they look like they may never go down again. Will the œrip your face off rally continue or will Darth Vader return? Gold has followed a very similar...

The gold market does not have to fear rising bond yields, as inflation expectations are keeping real interest rates muted, according to one investment firm. In a report, Monday, Maxwell Gold, director of investment strategy at ETF Securities said that gold prices still have room to push higher even as the yield on 10-year notes rises to 3%. The comments come as 10-year bond yields have...

Gold will be keeping January's gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy. œRising inflation expectations and a weak dollar, as long as they last, provide the support for gold's current trading levels, Harry Tchilinguirian, senior...

While gold prices are off their 1.5-year highs seen mid-week, the market is still holding on to strong gains and many analysts have said that they still see the potential for higher prices, even if there is a modest consolidation period. The gold market ended the week in positive territory as it hovers around the critical psychological level. On Friday, February gold futures settled at...

As a long-term gold and silver bull, it's always hard to write negatively about the metals, but being a market technician, I also must read the charts and follow the footprints they leave. The metals have had a great move higher and now look to have hit the pause button; they are ready to see some profit taking, said Todd 'Bubba' Horwitz for Kitco. Investors in the metals should be happy about...

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.