DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Gold Heads for Fifth Weekly Advance Amid Virus Sparks

Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. Rising infections in the U.S. and Asia have supported havens like gold this week, even as the dollar firmed. Gold investors are also weighing mixed signs about the health of the U.S. labor market after data showed fewer Americans applied for unemployment benefits, while Wells Fargo &...

Oil Falls on Resurgence of Virus Cases, Oversupply

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel, and U.S. oil fell 51 cents, or 1.3%, to $39.11 a barrel. Brent was set for a weekly decline of almost 2% and U.S. crude for a fall of almost 4%. More than 60,500 new COVID-19 cases were reported in the United States...

Gold Prices Gridlocked, Bears Take Wheel
Monday, 21 October 2019 13:10 WIB | GOLD CORNER |Gold CornerGold Outlook

Although Wall Street bears have an advantage, ultimately, gridlock in the gold market means prices are not going anywhere fast, according to the latest results from the Kitco News Weekly Gold Survey.

Main Street investors remain bullish on gold in the near-term. Retail investors have been bullish on gold since mid-May, which was the last time bullish bets were below the 50% level.

Bill Baruch, president of Blue Line Futures, said that gold is struggling as the investor sentiment in broader financial markets waffles between risk-on and risk-off sentiment. He noted that the door is open for lower prices. Still, the yellow metal continues to hold critical support just below $1,500 an ounce.

"I don't expect a ton of volatility, but I am cautiously optimistic in the near-term and remain a long-term bull," he said.

Last week, 14 market professionals took part in the Wall Street survey. Seven analysts or 50% said they see lower prices this week. Two analysts, or 14%, predicted gold would rise. The remaining five voters, or 36%, saw a sideways market or else were neutral.

Meanwhile, 876 respondents took part in an online Main Street poll. A total of 490 voters, or 56%, called for gold to rise. Another 214, or 24%, predicted gold would fall. The remaining 172 voters, or 20%, saw a sideways market.

In the last survey, both Wall Street and Main Street proved to be correct as both sides called for higher prices for last two week. As of 12.57 p.m. EST, December gold futures last traded at $1,495.50 an ounce, up nearly 0.5% from the previous week.

Wall Streets' record is now 20-17 year to date, meaning respondents have been right 54% of the time. Meanwhile, Main Street™s record improved to 19-18, meaning this group has been right 51% so far this year.

Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, said that he is bullish on gold in the near-term, but doesn™t see a dramatic rise in the price.

Although investor sentiment has improved in financial markets, he noted that there is still a lot of uncertainty in the marketplace.

"Despite some positive developments towards a China trade agreement and Brexit”which would both be negative for gold -- neither of these two agreements is yet final," he said. "Brexit has to be approved by the U.K. Parliament, for example. There remain many uncertainties that are positive for gold, not least of which is the direction of monetary policy around the world."

For many analysts, the Brexit vote over the weekend among British politicians could be an important event for gold.

Colin Cieszynski, chief market strategist at SIA Wealth Management, said that he is neutral on gold ahead of the vote.

"I think it could potentially make a significant move depending on what happens this weekend in the U.K. If Parliament approves the recent UK-EU deal, confidence could improve and gold could decline," he said. "If Parliament rejects the deal and Brexit is delayed again, gold could hold steady. If Parliament rejects the deal and chaos ensues, uncertainty could spark a gold rally."

Even if Parliament does approve the proposed Brexit deal, Ashfin Nabavi, head of trading with MKS (Switzerland) S.A., said that investor angst won't be fading away anytime soon. He explained that there is still a lot of ambiguity about how the British economy will fair once it leaves the European Union. Economic weakness in the U.K. could then bleed into the E.U., which could impact the entire global economy.

"A lot of this uncertainty is turning into nightmares for some investors," he said. "We are in unchartered territory and it wouldn™t take much to push investors back into gold."

Navabi said that he is neutral on gold in the near-term but still sees potential for higher prices.

"I would prefer to trade the range from the long-side," he said. "I don™t want to be short in this market."

Kristina Hooper, chief market strategist at Invesco, said that she is neutral on prices as prices remain trapped in a range; however, she added that selling pressure is starting to build.

"There is a lot of geopolitical risks out there, and so I expect prices to ebb and flow with the news on geopolitical developments," she said. "However, yields have moved relatively higher in recent days, making the opportunity cost of owning gold to be higher and exerting downward pressure on gold prices."

Source: Kitco News

RELATED NEWS
Gold price bull rally: the drive is alive...
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, ret...

Emas dan Saham Telah Berdamai...
Friday, 3 July 2020 14:53 WIB

Untuk pertama kalinya tren indeks berjangka emas tidak terpengaruh oleh sentimen pasar saham selama masa pandemi COVID-19. Di sisi lain, emas saat ini cenderung dipengaruhi oleh tingkat imbal hasil r...

July, Gold is Still Promising...
Wednesday, 1 July 2020 16:41 WIB

Index futures closed above $ 1,800 per ounce on Tuesday, June 30, 2020, which also means closing in the first half of this year. Over the past six months gold has become the most active futures contra...

Wall St., Main St. Look for Gold Prices to Keep Shining...
Monday, 29 June 2020 13:42 WIB

Gold prices should maintain maintain their recent upward momentum as the COVID-19 pandemic keeps spreading and prompting worries about the economy, according to respondents in the weekly Kitco News go...

Wall St., Main St. Upbeat About Short-Term Outlook for Gold Prices...
Monday, 22 June 2020 13:29 WIB

Respondents in the weekly Kitco News gold survey are bullish on gold for this week, with some Wall Street professionals suggesting monetary policy and fiscal stimulus will lead to another test of the ...

POPULAR NEWS
Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Gold Heads for Fifth Weekly Advance Amid Virus Sparks

Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. Rising infections in the U.S. and Asia have supported havens like gold this week, even as the dollar firmed. Gold investors are also weighing mixed signs about the health of the U.S. labor market after data showed fewer Americans applied for unemployment benefits, while Wells Fargo &...

Oil Falls on Resurgence of Virus Cases, Oversupply

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel, and U.S. oil fell 51 cents, or 1.3%, to $39.11 a barrel. Brent was set for a weekly decline of almost 2% and U.S. crude for a fall of almost 4%. More than 60,500 new COVID-19 cases were reported in the United States...

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.