DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

Home

BAML Continues To See $1,400 Gold By Year End Despite A Stronger U.S. Dollar
Tuesday, 3 July 2018 04:10 WIB | GOLD CORNER |Gold OutlookGold Corner

The second largest bank in America sees further upside potential in the U.S. dollar, but it is also not changing its forecast for gold or silver.

In a report Monday, analysts at Bank of America Merrill Lynch (BAML), reiterated their forecast for gold prices to average the fourth quarter around $1,400 an ounce. At the same time, the bank sees silver prices averaging $17.50 in the final three months of 2018.

The bank said in its report that growing geopolitical tensions, escalating global trade wars and rising inflation pressures will remains supportive of the precious metals.

œWe note that the business cycle is maturing and the ongoing uncertainty around trade is not helping at this junction, the analysts said in their report. œAt the same time, inflation has been picking up (shorting Treasuries is one of the most crowded trades), a combination which may ultimately bring gold buyers back into the market.

The bank™s forecasts come as gold prices pushed to a new 12-months low at the start of a shortened trading week. Silver fell to a fresh seven-month low. August gold futures settled Monday at $1,241.70 an ounce, down 1% on the day; meanwhile, September silver futures settled the session at $15.835 an ounce, down nearly 2% on the day.

The analysts said that the U.S. dollar remains the most significant risk for the precious metals market. The U.S. dollar index is trading near a one-year high, at 95.05 points.

Looking ahead, the analysts said that they see further room for the U.S. dollar to rise against the euro, which has the biggest weighting in the dollar index. BAML sees higher U.S. interest rates driving the U.S. dollar higher through the rest of the year.

œThe DXY remains about 8-9% cheap relative to medium-term fair value, the analysts said. œFiscal stimulus is driving US growth higher relative to the rest of the world, where growth is sputtering. The market is still priced well below the Fed's projected rate path through 2020, which provides potential for the USD to strengthen on US-specific factors.

While global trade issues remains a threat, the analysts said that the U.S. economy is in good shape to weather the storm.

Source: Kitco

RELATED NEWS
All Signs Point To Upside For Gold - Expert...
Tuesday, 18 September 2018 04:47 WIB

Emas telah diperdagangkan dalam kisaran terkompresi sepanjang minggu tetapi logam kuning memiliki peluang lebih tinggi untuk menembus ke atas daripada bergerak ke bawah, kata Todd "Bubba" Horwitz dari...

Gold Struggles Continue...
Thursday, 13 September 2018 04:15 WIB

Tidak ada animo untuk logam saat mereka bergejolak dalam konsolidasi di pola yang stagnan. Satu hari lagi di luar kalender, hari lainnya di mana logam-logam tidak melakukan apa-apa. Ini adalah pola ya...

Gold Loses Shine As Price Falls To $1200 Sweet Spot...
Monday, 3 September 2018 20:38 WIB

Emas kehilangan sinarnya untuk investor seiring harga telah jatuh ke posisi terendah 20-bulan menyusul depresiasi mata uang pasar berkembang. Harga turun 3% dalam beberapa pekan terakhir - membuat ha...

Wall St. Still Upbeat On Gold; Main St. Flips To Bullish...
Monday, 27 August 2018 21:18 WIB

Wall Street dan Main Street keduanya melihat harga emas yang lebih tinggi minggu ini, survei mingguan emas Kitco News menunjukkan. Ini mencatatkan pembalikan tajam untuk Main Street, setelah 74% dari...

Main St. Overwhelmingly Bearish On Gold; Wall St. Bullish...
Monday, 20 August 2018 11:28 WIB

Main Street mungkin lebih bearish dari sebelumnya pada arah harga emas di minggu ini, sementara Wall Street cenderung bullish, survei mingguan untuk emas Kitco News menunjukkan. Selama bertahun-tahun...

POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

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.