DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold retakes $1,300 level for first time in 9 months

Gold futures on Friday were trading above $1,300 for the first time in 2017 and were on track for their third straight daily gain, as precious metals drew haven demand, sparked by a selloff in a global equities, a terrorist attack in Barcelona and concerns about President Donald Trump™s pro-business agenda. Gold for December delivery gained $8.60, or 0.7%, at $1,301.90 an ounce, marking the highest level for a most-active contract since Nov. 4, according to FactSet data. The yellow...

Gold Fails to Hold Above Key $1,300 Level, Posts Daily, Weekly Losses

Gold prices touched their highest intraday level of the year on Friday, temporarily topping $1,300 an ounce before pulling back to settle lower for the session and the week. Gold had traded above $1,300 Friday for the first time in 2017, getting a lift from haven demand on the back of earlier weakness in global equities, a terrorist attack in Barcelona and concerns about President Donald Trump™s pro-business agenda. December gold fell 80 cents, or less than 0.1%, to settle at $1,291.60 an...

Asian Equities Fall on Trump Concerns, Terror Attack in Spain

Asian equities fell, paring the week™s gain, after a terror attack in Barcelona added to concerns that U.S. President Donald Trump™s policy plans may be stymied by discord within his administration. The MSCI Asia Pacific Index lost 0.5 percent to 159.04 as of 4:36 p.m. in Hong Kong, set to decline for the first day this week. About three shares retreated for each one that gained, with financial and technology sub-gauges leading the drop. Indexes slid across the region, with Japan™s...

Gold Futures Punch Through $1,300 as Global Stocks Extend Losses

Gold futures broke above $1,300 an ounce, gaining to the highest level this year, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his pro-growth legislative agenda. Futures for delivery in December gained as much as 0.7 percent to $1,301.10 an ounce on the Comex and traded at $1,299 at 9 a.m. in London. The gain came as a gauge of global stocks extended a decline, and the Bloomberg Dollar Spot Index fell...

Europe Ends On A Negative Note As Trump, Terror Concerns Linger

Europe finished Friday's session on a negative note, as the worst terror attack seen in Spain for more than 13 years added jitters to market sentiment. The pan-European Stoxx 600 ended down 0.71 % to 374.20 provisionally, however on the week the index closed 0.55 percent up. Looking to Europe's major bourses, the U.K.'s FTSE 100 ended 0.86 percent down, while the French CAC 40 slipped 0.64 percent and Germany's DAX ended 0.31 percent down. In periphery markets, Spain's IBEX 35 ended 0.56...

Home

Gold to move in a narrow range in 2017 but could move to $1450/oz in 2018
Monday, 24 July 2017 21:47 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold prices have been on the defensive despite a weak US dollar, quite bizarre given that other commodities have benefitted from the currency induced movement. Relatively hawkish remarks from various central bankers and rising sovereign bond yields seem to be a sore point for the gold bugs.

After the series of Fed rate hikes, ECB President Mario Draghi has hinted towards a possibility of tapering the bond buying programme, while BOE Governor conceded that a rate hike is needed somewhere down the line. Meanwhile, Bank of Canada has already embarked on the path of policy normalization, delivering a rate hike after seven years.

Conversely, BOJ continues to remain dovish, indicating that there is no need to hike interest rates anytime soon, as the economy still survives on monetary stimulus. With inflation well below 2 percent, BOJ™s bond purchase program also needs to be maintained.

On speculative front, funds and non-commercials have been trimming their net long positions on COMEX gold over the past few weeks.

On short term outlook, it is an onerous task to gauge how the yellow metal will respond to the counterbalancing forces of rising sovereign yields, buoyant global equities amid weak greenback and aggravating legislative & political uncertainty in the US.

It seems to us that gold prices will drift in an in uneventful fashion over the next few months given the prevalent landscape. Although equity valuations look frothy, surplus liquidity across the globe will avert any significant or long-lasting correction.

Nevertheless, murkier US legislative backdrop will provide an element of support to the yellow metal over the long term.

There is uncertainty over legislative agenda given the difficulty in passing a new healthcare bill through US Senate.

It still remains unclear whether Republicans will garner the required majority to navigate it through a stubborn opposition, where several members of the Senate are neither endorsing the new measures nor supporting the vote to repeal Affordable Care Act altogether.

The million dollar question remains that when will Trump administration start working on other important legislative agenda (much awaited by the markets) like tax reforms and infrastructure spending. There is a risk that the entire reflation trade (post-Trump win) can go for a toss, effectively augmenting the safe haven appetite for gold.

Moreover, geopolitical developments pertaining to North Korea can prove to be a wildcard. Pyongyang recently tested an intercontinental ballistic missile, which has the potential to hit American shores.

This has prompted the US to call for a unified global action against North Korea. Recent efforts by US President Trump to dissuade North Korea from the nuclear proliferation programme has failed, which can intensify the levy of sanctions and other punitive measures against the isolated nation.

The US and South Korea has already retaliated by launching missiles, however, we sense that Pyongyang remains indifferent to such threat and the situation will remain tense for some time to come.

This also evolves the power equation in the region given that China remains an ally of North Korea, while South Korea and Japan are inclined towards the United States.

On the price front, we see gold trading within the range of USD 1,185-1,300/oz over next 2-3 months. As far as the broader call is concerned, we see values moving towards USD 1,450/oz by the first half of next year (June 2018).

Source: moneycontrol.com

RELATED NEWS
Gold Heading Toward $1,200 in Weeks on Dollar Recovery: ABN...
Tuesday, 15 August 2017 11:57 WIB

Logam kemungkinan akan jatuh ke batas yang lebih rendah dari kisaran perdagangan $ 1.200 sampai $ 1.300 dalam beberapa minggu mendatang menyusul data AS yang lebih kuat baru-baru ini mendukung dolar A...

Gold Seen Spiking to $1,400 at Russian Bank on Global Tensions...
Monday, 14 August 2017 12:08 WIB

Harga emas bersiap untuk menyentuh level tertinggi empat tahun di posisi $ 1.400 per ounce pada akhir tahun seiring meningkatnya ketegangan antara Korea Utara dan AS, dan melonjaknya permintaan  dari...

Gold is spiking as North Korea tension rises - but if war breaks out things could change...
Saturday, 12 August 2017 04:44 WIB

Emas sudah reli 2,3% minggu ini menyusul meningkatnya ketegangan dengan Korea Utara. Logam ini diperdagangkan di level terbaiknya dalam 2 bulan, dan mungkin bisa melewati level $1,300 untuk pertam...

BNP Paribas Lists More Upbeat Gold Forecast, Sees $1,255/Oz In 4Q...
Wednesday, 9 August 2017 05:36 WIB

BNP Paribas telah merevisi naik prospeknya untuk emas menyusul berkurangnya ekspektasi pengetatan kebijakan suku bunga AS, meskipun analis juga tidak memperkirakan reli yang kuat dari level saat i...

MKS: Jobs Data May Provide More Near-Term Headwinds For Gold...
Tuesday, 8 August 2017 03:59 WIB

Emas bergerak lebih rendah dan terlihat mendapatkan tekanan jangka pendek lebih setelah lebih kuatnya dari perkiraan dari kenaikan data pekerjaan AS yang dirilis Jumat lalu, kata MKS (Swiss) S.A. ...

POPULAR NEWS
Gold retakes $1,300 level for first time in 9 months

Gold futures on Friday were trading above $1,300 for the first time in 2017 and were on track for their third straight daily gain, as precious metals drew haven demand, sparked by a selloff in a global equities, a terrorist attack in Barcelona and concerns about President Donald Trump™s pro-business agenda. Gold for December delivery gained $8.60, or 0.7%, at $1,301.90 an ounce, marking the highest level for a most-active contract since Nov. 4, according to FactSet data. The yellow...

Gold Fails to Hold Above Key $1,300 Level, Posts Daily, Weekly Losses

Gold prices touched their highest intraday level of the year on Friday, temporarily topping $1,300 an ounce before pulling back to settle lower for the session and the week. Gold had traded above $1,300 Friday for the first time in 2017, getting a lift from haven demand on the back of earlier weakness in global equities, a terrorist attack in Barcelona and concerns about President Donald Trump™s pro-business agenda. December gold fell 80 cents, or less than 0.1%, to settle at $1,291.60 an...

Asian Equities Fall on Trump Concerns, Terror Attack in Spain

Asian equities fell, paring the week™s gain, after a terror attack in Barcelona added to concerns that U.S. President Donald Trump™s policy plans may be stymied by discord within his administration. The MSCI Asia Pacific Index lost 0.5 percent to 159.04 as of 4:36 p.m. in Hong Kong, set to decline for the first day this week. About three shares retreated for each one that gained, with financial and technology sub-gauges leading the drop. Indexes slid across the region, with Japan™s...

Gold Futures Punch Through $1,300 as Global Stocks Extend Losses

Gold futures broke above $1,300 an ounce, gaining to the highest level this year, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his pro-growth legislative agenda. Futures for delivery in December gained as much as 0.7 percent to $1,301.10 an ounce on the Comex and traded at $1,299 at 9 a.m. in London. The gain came as a gauge of global stocks extended a decline, and the Bloomberg Dollar Spot Index fell...

Europe Ends On A Negative Note As Trump, Terror Concerns Linger

Europe finished Friday's session on a negative note, as the worst terror attack seen in Spain for more than 13 years added jitters to market sentiment. The pan-European Stoxx 600 ended down 0.71 % to 374.20 provisionally, however on the week the index closed 0.55 percent up. Looking to Europe's major bourses, the U.K.'s FTSE 100 ended 0.86 percent down, while the French CAC 40 slipped 0.64 percent and Germany's DAX ended 0.31 percent down. In periphery markets, Spain's IBEX 35 ended 0.56...

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.