DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold Declines After U.S. Pauses Trade War, Dollar Rises

Gold drops after Treasury Secretary Steven Mnuchin says U.S. is putting trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens. Bullion for immediate delivery -0.4% to $1,288.06/oz at 12:10pm in Singapore. Metal -2% last week, biggest weekly drop since December. Silver -0.4% to $16.3820/oz. Bloomberg Dollar Spot Index +0.2%, highest level this year.  Yield on 10-year Treasuries +1 bp to...

Trump Says He'll Order DOJ Probe of Alleged Campaign Surveillance

President Donald Trump says he will order an investigation Monday into claims an FBI informant infiltrated his 2016 election campaign “ setting up a potential showdown with the Justice Department. œI hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes - and if any such demands or requests were made by people within the Obama Administration!, Trump...

Gold Drops After U.S. Pauses Trade War, Dollar Rises

Gold declines after Treasury Secretary Steven Mnuchin said the U.S. was putting the trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens. Bullion for immediate delivery -0.3% to $1,289.77/oz at 8:27am in Singapore. Metal -2% last week, biggest weekly drop since December. Bloomberg Dollar Spot Index +0.1%, near highest level since this year. Yield on 10-year Treasuries +2 bps to 3.08%. œThis...

Tokyo stocks open higher as yen eases

Tokyo stocks opened higher on Monday supported by a cheaper yen as worries over a trade war between the US and China eased. The benchmark Nikkei 225 index gained 0.12 percent, or 28.37 points, to 22,958.73 in early trade, while the broader Topix index was up 0.01 percent or 0.23 points, at 1,815.48. The dollar was quoted at 111.00 yen in early Asian trade, up from 110.68 yen in New York late Friday. The dollar firmed slightly after the finance ministry said Japan's overall trade surplus...

Hong Kong stocks open with gains after trade war between the US and China eased

Hong Kong stocks started Monday on a positive note after the US and China said they had called off threatened tariffs and backed off from a trade war. The Hang Seng Index rose 0.60 percent, or 184.88 points, to 31,232.79. And the benchmark Shanghai Composite Index added 0.40 percent, or 12.88 points, to 3,206.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.54 percent, or 9.94 points, to 1,838.73. Source : AFP

Home

Wall, Main St. Split on Price Direction
Saturday, 28 April 2018 04:43 WIB | GOLD CORNER |Gold OutlookGold Corner

Sentiment in the gold market is mixed as Wall Street is bearish while Main Street is bullish on the short-term outlook for gold prices, based on the Kitco News weekly gold survey.

The market professionals who took part in the Wall Street survey look for further gold declines on signs of peace on the Korean Peninsula, which would mean less safe-haven buying of the precious metal. They also point to recent U.S. dollar strength and technical-chart factors.

The bulls, however, say it's too early to assume peace, plus they look for the metal to bounce from chart support.

Twenty-three market professionals took part in the survey. Twelve respondents, or 52%, called for gold prices to rise over the next week. Another five voters, or 22%, looked for gold to fall, while six, or 26%, called for a sideways market.

Meanwhile, 903 voters responded in an online Main Street survey. A total of 522 respondents, or 58%, predicted that gold prices would be higher in a week. Another 295 voters, or 33%, said gold will fall, while 86, or 10%, see a sideways market.

For the trading week now winding down, 44% of Wall Street voters and 68% of Main Street “ the largest bloc of voters for each poll -- were bullish. Just before 11 a.m. EDT, Comex June gold was down 1.1% for the week so far to $1,323.40 an ounce.

Kevin Grady, president of Phoenix Futures and Options, looks for gold to ease as some bullish traders liquidate positions. He suggested the metal could test the recent lows near $1,309 last month.

œThe news coming out of Korea is very positive, Grady said. œThe dollar is looking strong with interest rates [in the U.S. rising].

Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, also sees short-term weakness in gold.

œThe dollar looks to have turned, as least temporarily, but could have more strength over the next week or more, and the dollar seems to be the largest driver of gold at present, Day said. œThis is only a temporary view, since we believe the dollar is fundamentally overvalued, particularly against the Asian currencies, and other factors are favorable towards gold.

Ken Morrison, editor of the newsletter Morrison on the Markets, commented that rising short-term interest rates and the dollar's strength could mean gold tests important support around $1,310 that has held every pullback since the January breakout.

œIn the near term, there may be enough global uncertainty (trade tariffs and the U.S. decision on the Iran agreement) to enable the market to hold above $1,310, but gold is on shaky ground where a break of the support opens downside risk to $1,280, Morrison said. œI expect gold trades to $1,300 sometime over the next week.

Ralph Preston, principal with Heritage West Financial, agrees. œI™m looking for a test of $1,300 on a strengthening dollar, he added.

Meanwhile, Charlie Nedoss, senior market strategist with LaSalle Futures Group, looks for gold to bounce as the 200-day moving average holds.

œWe came close to the 200-day, Nedoss said. œWe are at the low end of the range. I look for the dollar to pull back.

Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA, looks for gold to bounce but stay within the same range.

œThe geopolitical situation will continue to be nervous, he said, expressing doubt that the hoped-for Korean resolution will come about and also citing ongoing worries about the Middle East.

Colin Cieszynski, chief market strategist at SIA Wealth Management, is one of the respondents who are neutral.

œGold is holding up surprisingly well considering the headwinds of a rising U.S. dollar (which is breaking out of a base) and easing political risks in the Korean Peninsula, he said. œOn the other hand, support for gold could come from increasing inflation (energy prices rising and demand for commodities growing in a strong world economic environment) and ongoing political risk in the Middle East.

Source: Kitco News                                       

RELATED NEWS
Wall, Main St. Bullish On Gold Prices...
Monday, 14 May 2018 16:17 WIB

Wall Street dan Main Street keduanya sangat bullish pada arah jangka pendek harga emas, berdasarkan survei emas mingguan Kitco News. Para pedagang dan analis yang ambil bagian dalam jajak pendapat Wa...

Wall, Main St. See Price Recovery...
Monday, 7 May 2018 07:57 WIB

Wall Street dan Main Street keduanya melihat emas untuk melanjutkan pemulihan pekan ini, berdasarkan survei mingguan untuk emas Kitco News. Comex Juni emas pekan lalu turun hingga level $ 1,302.30 pe...

WGC: Gold demand posts weakest start to the year since 2008 “ Reuters...
Thursday, 3 May 2018 13:34 WIB

Dalam laporan kuartalan terbaru, World Gold Council (WGC) mengatakan bahwa permintaan emas membukukan awal terlemah untuk tahun ini dalam satu dekade, lapor Reuters. Rincian utama: œPermintaan ema...

Gold Prices Need To Hold $1,280 As U.S. Dollar Moves Higher - Saxo Bank...
Wednesday, 2 May 2018 15:28 WIB

Pasar emas, yang diperdagangkan pada level terendah empat bulan sepenuhnya bergantung pada dolar AS, yang memperlihatkan lonjakan momentum, terdorong ke tertinggi empat bulan, menurut salah satu anali...

Gold On The Defensive - Peter Hug...
Tuesday, 24 April 2018 05:44 WIB

Pada liburan minggu lalu, saya kehilangan nuansa beberapa hari perdagangan terakhir. Kami menyebutkan bahwa gambaran teknis tampak positif dengan peringatan bahwa level $ 1.355 pada basis penutupan di...

POPULAR NEWS
Gold Declines After U.S. Pauses Trade War, Dollar Rises

Gold drops after Treasury Secretary Steven Mnuchin says U.S. is putting trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens. Bullion for immediate delivery -0.4% to $1,288.06/oz at 12:10pm in Singapore. Metal -2% last week, biggest weekly drop since December. Silver -0.4% to $16.3820/oz. Bloomberg Dollar Spot Index +0.2%, highest level this year.  Yield on 10-year Treasuries +1 bp to...

Trump Says He'll Order DOJ Probe of Alleged Campaign Surveillance

President Donald Trump says he will order an investigation Monday into claims an FBI informant infiltrated his 2016 election campaign “ setting up a potential showdown with the Justice Department. œI hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes - and if any such demands or requests were made by people within the Obama Administration!, Trump...

Gold Drops After U.S. Pauses Trade War, Dollar Rises

Gold declines after Treasury Secretary Steven Mnuchin said the U.S. was putting the trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens. Bullion for immediate delivery -0.3% to $1,289.77/oz at 8:27am in Singapore. Metal -2% last week, biggest weekly drop since December. Bloomberg Dollar Spot Index +0.1%, near highest level since this year. Yield on 10-year Treasuries +2 bps to 3.08%. œThis...

Tokyo stocks open higher as yen eases

Tokyo stocks opened higher on Monday supported by a cheaper yen as worries over a trade war between the US and China eased. The benchmark Nikkei 225 index gained 0.12 percent, or 28.37 points, to 22,958.73 in early trade, while the broader Topix index was up 0.01 percent or 0.23 points, at 1,815.48. The dollar was quoted at 111.00 yen in early Asian trade, up from 110.68 yen in New York late Friday. The dollar firmed slightly after the finance ministry said Japan's overall trade surplus...

Hong Kong stocks open with gains after trade war between the US and China eased

Hong Kong stocks started Monday on a positive note after the US and China said they had called off threatened tariffs and backed off from a trade war. The Hang Seng Index rose 0.60 percent, or 184.88 points, to 31,232.79. And the benchmark Shanghai Composite Index added 0.40 percent, or 12.88 points, to 3,206.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.54 percent, or 9.94 points, to 1,838.73. Source : AFP

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.