DJIA26679.44
LIVE-48.10(-0.18%)
NDX7661.64
LIVE-61.38(-0.79%)

You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts

Monday, 24 June 2019 15:44 WIB Gold Outlook Gold Corner

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold futures last traded at $1,393.70 an ounce, up nearly 4% since the previous Friday. According to it some analysts, gold's major breakout could be just the start of a long-awaited rally as investors adjust to shifting interest rate expectations. Gold saw most of its gains the previous week following the Federal Reserve’s monetary policy meeting, which opened the door to a rate cut as early as next...

Read more...

RECENT NEWS

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between...

The gold market is seeing its best weekly performance in more than a year and some analyst have said that the precious metal has enough momentum to break through critical long-term resistance in the near-term. Disappointing employment growth in...

Wall Street and Main Street look for gold to maintain its newfound upward momentum in this week, based on the weekly Kitco News gold survey. After two weeks before winds down, gold is getting a lift as equities slide more than 1% across the board....

Gold's short-term outlook is improving as the U.S. dollar is running out of reasons to keep going higher and the U.S. equities are raising doubts about their future performance, according to analysts. Concerns around slowing global growth will be...

Subcategories

Symbol

Last

High

Chg

Chg(%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SymbolLastChg 
RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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.