Gold Prices May Fall Further as US Dollar Recovery Continues

Monday, 12 November 2018 16:36 WIB Gold Outlook Gold Corner

Gold prices fell even as bond yields tracked stocks lower and the priced-in rate hike path implied in Fed Funds futures flattened Friday. The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow metal. Looking ahead, gold may continue to suffer as risk appetite recovers. S&P 500 futures are pointing convincingly higher ahead of the opening bell on Wall Street, hinting that a recovery in yields is poised to pressure non-interest-bearing alternatives. For its part, the Greenback seems to have become adept at pivoting from haven- to policy-based arguments for gains. Indeed, it is...



Gold Awaits The Election

Monday, 5 November 2018 22:29 WIB Gold Outlook Gold Corner

Gold has bounced in a $20 range since the end of October. Discounting the drop on Oct. 31, which we believe was fund selling to grab some profits for client-statement purposes to offset losses in the equity space, gold has remained in a very tight...

Wall Street and Main Street look for gold to maintain its upward momentum this week based on the Kitco News gold survey. Eighteen market professionals took part in the Wall Street survey. Twelve respondents, or 67%, predicted higher prices for the...

Spot gold remains above chart support that starts around $1,220 an ounce, says MKS (Switzerland) S.A. 'Trade concerns between the U.S. and China remain elevated and the ongoing U.S.-Saudi tensions are likely to continue to underpin a bid tone for...

Gold Rally Rolls On

Tuesday, 16 October 2018 04:14 WIB Gold Outlook Gold Corner

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this morning. The next key level to watch is $1,240. A breakout above brings $1,275 into play. The most...

























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