Gold Market Could See Quiet Start This Week Ahead of FOMC And Employment Data

Monday, 29 January 2018 11:47 WIB

Gold OutlookGold Corner


While gold prices are off their 1.5-year highs seen mid-week, the market is still holding on to strong gains and many analysts have said that they still see the potential for higher prices, even if there is a modest consolidation period.

The gold market ended the week in positive territory as it hovers around the critical psychological level.

On Friday, February gold futures settled at $1,352.10 an ounce, up more than 1% since previous Friday. In total, the gold market has seen six weekly positive closes in seven as prices are up 9% since the mid-December lows.

Next week will be busy with major economic events including the Federal Reserve’s first monetary policy meeting of the year, which is also Fed Chair Janet Yellen’s last meeting, and employment data from January.

However, commodity analysts say that they will continue to monitor gold’s relationship against the U.S. dollar as President Donald Trump’s administration creates volatility in currency markets.

Source: Kitco News




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.