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POPULAR NEWS
Gold Prices Rose Nearly 0.9% For Biggest One-Day Gain Month to Date

Gold prices climbed Monday, bouncing back a bit after suffering from their worst weekly decline in more than year. December gold rose $10.40, or roughly 0.9%, to settle at $1,194.60 an ounce. That was the biggest single-session dollar and percentage gain since July 31, according to FactSet data. Source : Market Watch

Main St. Overwhelmingly Bearish On Gold; Wall St. Bullish

Main Street may be more bearish than ever on the direction of gold prices thisweek, while Wall Street leans bullish, based on the weekly Kitco News gold survey. Over the years, Main Street has tended to be mostly bullish on the metal. However, retail investors have called gold to be lower in three of the last four weeks, and perhaps never by as large of a percentage as this week. A total of 2,411 voters responded in a Main Street survey. Of these, 1,796 respondents, or 74%, predicted that...

Gold prices steady as U.S.-China trade optimism pressures dollar

Gold prices held steady on Monday after making up some ground from 19-month lows hit last week, supported by mild weakness in the U.S. dollar on hopes trade tensions between the United States and China could be easing. Spot gold was mostly unchanged at $1,184.24 an ounce at 00:37 GMT. Last week, it touched its lowest since January 2017 at $1,159.96. The metal fell 2.2 percent last week, recording a sixth consecutive weekly decline. It was also gold™s worst weekly performance since December...

Gold Climbs as Trump's Remarks on Fed Hurt the Dollar

Gold advances as dollar weakens after President Donald Trump said to complain about Federal Reserve raising interest rates. Bullion for immediate delivery rose 0.2% to $1,193.34/oz at 8:36am in Singapore after added 0.5% Monday. Bloomberg Spot Dollar Index lost 0.3% after weakened 0.2% on Monday. Trump said he expected Jerome Powell to be a cheap-money Fed chairman, telling donors at a fundraiser on Friday that his nominee instead had raised rates, according to...

Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

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Gold To Do Better In June As Dollar Rally Stalls - INTL FCStone
Tuesday, 5 June 2018 05:12 WIB | GOLD CORNER |Gold OutlookGold Corner

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 reprieve is a stalling U.S. dollar, led by the sentiment that the Federal Reserve™s June rate hike has already been priced in by the markets.

œOnce [the rate hike] is out of the way, the market will be focusing on the next and potentially last move before the Fed stops for a while. We also think that the rate picture may have run its course as well, at least for now, Meir said.

Trade war rhetoric will also play a central role in driving gold prices in June, the report pointed out.

œA steadily deteriorating trade situation is arguably bearish for the dollar (and bullish for gold), but should the situation improve, we could see the dollar rally and pressure gold in the process, Meir said.

On top of that, there are a number of geopolitical risks to keep in mind as the summer gets going, including Italy, Spain and North Korea, the analyst added.

œItaly and Spain, the region™s most heavily indebted countries (after Greece), continue to struggle politically, although the worse seems to be over, he said. œThe other major event will fall on June 12th, which is when President Trump is supposed to meet with the North Korean leader. Any semblance of a rapprochement will be net bearish for gold, albeit temporarily, since political events tend to have a short-term impact on prices.

Gold prices surprised the market in May by hitting a fresh 2018 low of $1,280 an ounce, pressured down by strong U.S. dollar and rising U.S. yields.

Source: Kitco News

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POPULAR NEWS
Gold Prices Rose Nearly 0.9% For Biggest One-Day Gain Month to Date

Gold prices climbed Monday, bouncing back a bit after suffering from their worst weekly decline in more than year. December gold rose $10.40, or roughly 0.9%, to settle at $1,194.60 an ounce. That was the biggest single-session dollar and percentage gain since July 31, according to FactSet data. Source : Market Watch

Main St. Overwhelmingly Bearish On Gold; Wall St. Bullish

Main Street may be more bearish than ever on the direction of gold prices thisweek, while Wall Street leans bullish, based on the weekly Kitco News gold survey. Over the years, Main Street has tended to be mostly bullish on the metal. However, retail investors have called gold to be lower in three of the last four weeks, and perhaps never by as large of a percentage as this week. A total of 2,411 voters responded in a Main Street survey. Of these, 1,796 respondents, or 74%, predicted that...

Gold prices steady as U.S.-China trade optimism pressures dollar

Gold prices held steady on Monday after making up some ground from 19-month lows hit last week, supported by mild weakness in the U.S. dollar on hopes trade tensions between the United States and China could be easing. Spot gold was mostly unchanged at $1,184.24 an ounce at 00:37 GMT. Last week, it touched its lowest since January 2017 at $1,159.96. The metal fell 2.2 percent last week, recording a sixth consecutive weekly decline. It was also gold™s worst weekly performance since December...

Gold Climbs as Trump's Remarks on Fed Hurt the Dollar

Gold advances as dollar weakens after President Donald Trump said to complain about Federal Reserve raising interest rates. Bullion for immediate delivery rose 0.2% to $1,193.34/oz at 8:36am in Singapore after added 0.5% Monday. Bloomberg Spot Dollar Index lost 0.3% after weakened 0.2% on Monday. Trump said he expected Jerome Powell to be a cheap-money Fed chairman, telling donors at a fundraiser on Friday that his nominee instead had raised rates, according to...

Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

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