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POPULAR NEWS
Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Wall St., Main St. Expect Gold To Keep Shining

Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold survey. Observers suggested Friday's softer-than-forecast report on U.S. nonfarm payrolls will continue to offer support to the precious metal. The Labor Department reported that 155,000 new nonfarm jobs were created last month, when expectations had been for around 190,000 to 200,000. Still, the jobless rate remained at a 49-year low of 3.7%. Fourteen market...

Gold hovers near 5-month high

Gold futures were little changed Monday, trading near a five-month high after posting a strong rally last week when stock-market turmoil fueled haven-related buying. Gold for February delivery on Comex was flat at $1,252.60 an ounce, while March silver SIH9, -0.69%  fell 0.4% to $14.634 an ounce. In other metals trade, January platinum was off 0.2% at $788.70 an ounce, while March palladium rose 0.3% to $1,174.20 an ounce. March copper declined 2.2 cents, or 0.8%, to $2.7375 a...

Hong Kong stocks fall on China data, trade fears

Hong Kong stocks dropped Monday following more weak economic data out of China, while investors also fretted over the outlook for China-US trade talks. The Hang Seng Index shed 1.19 percent, or 311.38 points, to 25,752.38. The benchmark Shanghai Composite Index retreated 0.82 percent, or 21.31 points, to 2,584.58, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.35 percent, or 18.17 points, to 1,332.53.

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Gold Looks Good In 2019 But Needs Inflation To Break $1,300 - IHS Markit
Tuesday, 27 November 2018 05:37 WIB | GOLD CORNER |Gold OutlookGold Corner

While the gold market could trade at the top of its current six-month range in 2019, investors should not expect prices to break their orbit, according to one international research firm.

In a telephone interview with Kitco News, KC Chang, senior economist at IHS Markit, said that his firm continues to see gold prices trading between $1,200 and $1,300 an ounce in 2019, with prices hitting the top of the range in the later part of the year.

œI think there are more upside price risks for gold in 2019 than downside ones, he said. œIn this current environment, prices around $1,200 an ounce would be a good investment opportunity.

Chang's comments come as gold prices struggle to find mometum, holding critical support around $1,220 an ounce. December gold futures last traded at $1.222.70 an ounce, nearly flat on the day.

However, Chang added that the market is missing one key ingredient that would send prices through $1,300: inflation.

œInflation expectations will remain well anchored next year, he said. œIf gold is going to break its range, inflation needs to rise well above 3%.

Although tame inflation won't be enough to drive gold prices out of their range, Chang said that there is enough global financial instability to keep a safe-haven bid in gold through 2019.

In a recent report, IHS economists warned that growing volatility is the latest threat to what they see as weak global economic activity in 2019.

œThe recent surge in financial volatility”a de-facto tightening of financial conditions--is an unwelcome addition to these threats to global growth, the economists said. œEven without a full-blown bear market, the combined effects of policy uncertainty and large financial gyrations are hurting business sentiment and capital spending.

Looking at U.S. economic growth, IHS sees the domestic economy expanding 2.7% next year, down from 2.9% growth expected this year. The firm said that the U.S. economy will start to slow as the stimulus effects from tax cuts wear off.

Chang noted that a slowdown in the U.S. could impact U.S. interest-rate expectations and in turn U.S. dollar strength, which should prove to be bullish for gold next year. Currently, IHS is forecasting three rate hikes next year.

œThe Fed™s decision around three or four rate hikes next year is going to be very much data dependent, he said. œIf markets start to anticipate fewer rate hikes in 2019 and 2020, that could be enough to drive gold out of my forecasted range.

Source: Kitco

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POPULAR NEWS
Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Wall St., Main St. Expect Gold To Keep Shining

Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold survey. Observers suggested Friday's softer-than-forecast report on U.S. nonfarm payrolls will continue to offer support to the precious metal. The Labor Department reported that 155,000 new nonfarm jobs were created last month, when expectations had been for around 190,000 to 200,000. Still, the jobless rate remained at a 49-year low of 3.7%. Fourteen market...

Gold hovers near 5-month high

Gold futures were little changed Monday, trading near a five-month high after posting a strong rally last week when stock-market turmoil fueled haven-related buying. Gold for February delivery on Comex was flat at $1,252.60 an ounce, while March silver SIH9, -0.69%  fell 0.4% to $14.634 an ounce. In other metals trade, January platinum was off 0.2% at $788.70 an ounce, while March palladium rose 0.3% to $1,174.20 an ounce. March copper declined 2.2 cents, or 0.8%, to $2.7375 a...

Hong Kong stocks fall on China data, trade fears

Hong Kong stocks dropped Monday following more weak economic data out of China, while investors also fretted over the outlook for China-US trade talks. The Hang Seng Index shed 1.19 percent, or 311.38 points, to 25,752.38. The benchmark Shanghai Composite Index retreated 0.82 percent, or 21.31 points, to 2,584.58, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.35 percent, or 18.17 points, to 1,332.53.

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