DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...

Gold eases on firmer dollar, coronavirus slowdown signs

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...

Gold ticks higher as coronavirus worries deepen, Fed minutes eyed

Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...

Gold inches up on weak dollar, pandemic peaking hopes cap gains

Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...

Equity Market Rally Doesn't Dampen Sentiment In Gold Market
Monday, 10 February 2020 11:11 WIB | GOLD CORNER |Gold CornerGold Outlook

Voters in the weekly Kitco gold survey remain bullish on the metal, with Wall Street analysts continuing to cite expected safe-haven buying of the precious metal due to worries about the impact of the coronavirus on the global economy.

The stock market posted several rallies last week “ and gold dipped “ as investors at times shook off worries about the damage to the global economy from the coronavirus. Yet the issue hasn't gone away, with the World Health Organization now putting the death total in mainland China at 637, with more than 31,000 total cases.

"The virus impact cannot be ignored," said Ole Hansen, head of commodity strategy at Saxo Bank, who described himself as bullish on gold. He suggested that the full impact of any ensuing economic slowdown in China and abroad is not being fully priced into markets.

Twelve market professionals took part in the Wall Street survey. Eight, or 67%, called for gold to rise. There was one vote, or 8%, saying gold would fall, and three, or 25%, calling for a sideways market.

Meanwhile, 966 votes were cast in an online Main Street poll. A total of 570 voters, or 60%, looked for gold to rise in this week. Another 232, or 24%, said lower, while 164, or 17%, were neutral.

"It looks like it eventually wants to go up to the [recent] highs," said Daniel Pavilonis, senior commodities broker with RJO Futures. "If this coronavirus continues to become more and more of a [worrisome] situation, gold will continue to be bought up."

Phil Flynn, senior market analyst with at Price Futures Group, looks for gold to bounce after recently falling to the lower end of its trading range. The price slid earlier last week on hopes that the coronavirus might be contained quickly. But the most recent news reports overnight suggest that this might not be the case, he continued.

"That should keep people using gold as a safe haven," Flynn said.

Phillip Streible, chief market strategist with Blue Line Futures, said "I'm optimistic" on gold not only due to the coronavirus but a rise in the U.S. jobless rate. Nonfarm payrolls rose 225,000 last month, but the unemployment rate ticked up to 3.6% from 3.5% as more people entered the job market searching for work.

Charlie Nedoss, senior market strategist with LaSalle Futures Group, added that market participants appear to be paying attention to the downward revisions in the jobs data. While nonfarm payrolls rose sharply last month, the tally for 2019 was revised downward by around one-half million.

"I think we found support around $1,560," Nedoss said. "I'm not looking for a huge rally, but I™m looking for a little bit of strength next week."

Jim Wyckoff, senior technical analyst with Kitco, also said higher.

"The gold market has shown keen resilience recently in the face of a rallying competing asset class “ equities," he said.

John Weyer, co-director of commercial hedging with Walsh Trading, was among those who see a sideways market.

"We had what looked to be good jobs numbers," Weyer said. œNormally, that's bearish for gold¦ but we still have this coronavirus stuff hanging over our heads, so you'll see a flight to quality there. On any other good economic news, you'll see [gold] down, so [gold will move] back and forth and I™m looking for sideways."

Source: Kitco News

RELATED NEWS
Gold Prices Expected To Shine As Governments Launch Stimulus...
Monday, 6 April 2020 11:10 WIB

Gold is expected to keep rising from the mid-March lows, based on the weekly Kitco gold-price survey. The expectation comes after the Federal Reserve recently launched open-ended quantitative easing ...

Gold Prices Seen Building On Biggest Weekly Gain Since 2008...
Monday, 30 March 2020 13:03 WIB

Seventy-one percent of the Wall Street and Main Street respondents in the weekly Kitco gold price survey look for the precious metal to build on its gains this week. Just before 11 a.m. EDT on Friday...

Wall St., Main St. Anticipate Comeback for Gold Prices...
Monday, 23 March 2020 10:29 WIB

Wall Street and Main Street alike look for gold prices to start regaining their footing this week, based on the weekly Kitco Gold price survey. The metal tumbled since the seven-year high hit in earl...

What's Next For Gold Price? COVID-19 Targets U.S., Europe; Fed Looks To Cut Rates To Zero...
Monday, 16 March 2020 13:21 WIB

Markets fear just how much the COVID-19 outbreak could hurt the U.S. and Europe ” the next two regions that will be hit the hardest by the virus. And as the Federal Reserve looks increasingly ready ...

Gold price is on a path to $1,700 but volatility will be high - analysts...
Monday, 9 March 2020 11:15 WIB

The Federal Reserve surprised markets earlier last week with an emergency 50-basis-point interest rate cut. This, in turn, has helped the gold market see its best weekly performance in 11 years. With...

POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...

Gold eases on firmer dollar, coronavirus slowdown signs

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...

Gold ticks higher as coronavirus worries deepen, Fed minutes eyed

Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...

Gold inches up on weak dollar, pandemic peaking hopes cap gains

Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...

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.