Monday, 22 January 2018
New York

BMO Sees Average Gold Price of $1,280/Oz in 2018
Wednesday, 20 December 2017 05:00 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold prices will average $1,280 an ounce in 2018, with buying interest, as an inflation hedge and due to loose monetary policy globally, offset by a strong U.S. dollar, said BMO Capital Markets in a report late Monday.

œA slow and steady interest-rate hike cycle proposed by the Federal Reserve and subdued investor demand are expected to keep prices in check and cap any significant upside potential, the bank said.

Analysts described the metal as œremarkably stable over the last two years, compared to the broader commodity complex, saying gold prices were range-bound during normalization of monetary policy and as dissipating geopolitical risks meant less safe-haven interest. This was offset by building inflationary pressures, which meant some market participants are looking to increase their allocation to gold as a hedge.

œWe see benefit coming from still-loose monetary policy and renewed inflation concerns, but potential for headwinds from dollar strength, BMO said.

Macroeconomic data point to a strong U.S. economy, with the labor market nearing full employment, BMO said. U.S. inflation is forecast to slowly move toward the long-term target of 2%, BMO continued. The market anticipates at least two more Federal Reserve rate hikes in 2018 in the wake of another 25-basis-point tightening in December.

œWith this outlook already priced in at the current price levels, we do not expect a significant deviation from the expected range-bound outlook over the near term unless the U.S. Fed drastically shifts from its current policy framework, BMO said.

Traders will be closely watching for any monetary-policy signals from incoming Fed Chair Jerome Powell, although he is expected to maintain the course set by outgoing Chair Janet Yellen, BMO said.

Meanwhile, gold should benefit from œover-allocation by investors in emerging-market nations who have a lack of other options, BMO said.

The bank™s $1,280-an-ounce outlook for gold in 2018 is a downward revision of 1.5% from its previous estimate. Analysts then look for a $1,250 gold average in 2019.

Source: Kitco News

Gold Could Test The 'Ultimate Target For Bulls' This Week - MKS...
Tuesday, 16 January 2018 05:25 WIB

Seiring harga emas terus membuat jalan ke level yang lebih tinggi minggu ini, logam kuning ini bisa menguji "target tertinggi para bulls," yang saat ini ditetapkan di level $ 1,357 “ level tinggi bu...

Gold Getting Ready To Make Big Move...
Monday, 8 January 2018 21:49 WIB

Emas telah menjalani reli besar hampir $ 90 selama 19 hari perdagangan terakhir. Apa yang tampak seperti breakdown (penembusan ke level tertentu “pen) berubah menjadi kesempatan membeli yang hebat. ...

RBC's Gero Sees Gold Hitting $1,400 By End Of 2018...
Tuesday, 2 January 2018 11:39 WIB

Emas akan mendapatkan kenaikan yang stabil pada tahun 2018 seiring inflasi yang meningkat dan persaingan dari pasar ekuitas melambat, menurut George Gero, managing director di RBC Wealth Management. ...

Gold Prices Expected To Trend Higher In Quiet Holiday Week...
Monday, 25 December 2017 19:11 WIB

Dolar AS berjuang untuk menemukan momentum dan detik-detik terakhir pajak penjualan di pasar ekuitas yang memecahkan rekor dapat membantu memberikan dorongan ke atas untuk emas minggu ini dalam perdag...

If Fed Signals Weak Inflation, Gold Could Move Back Up To $1,300 - TD Securities...
Tuesday, 12 December 2017 18:10 WIB

Setelah sesi perdagangan yang mengecewakan, satu bank melihat emas bisa mengakhiri pekan ini dengan catatan positif, dengan harga mungkin bergerak naik ke level $ 1.300 per ounce jika Federal Reserve ...

Hong Kong Hang Seng Ends at New Peak, Up For Six Weeks in a Row (Review)

Hong Kong™s Hang Seng Index ended at a new high, up for the sixth week in a row, led by property shares, as mainland money gushed into the city. HSCE, an index tracking mainland companies, registered a 16-day winning streak. Chinese investors...

Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S....

Dollar marks fifth weekly loss in a row

The U.S. dollar pared earlier losses on Friday, but notched a fifth weekly loss, as investor concerns over a potential government shutdown. The ICE U.S. Dollar Index which measures the buck against a basket of six rivals, was last at 90.593, up...

Gold suffers biggest one-day decline in more than a month
Friday, 19 January 2018 03:57 WIB

Gold prices finished lower on Thursday, suffering from their largest one-day decline in more than a month. Traders grew wary after the precious...

Oil Rally Reverses Under Technical Pressure as U.S. Output Gains
Friday, 19 January 2018 12:30 WIB

Futures tumbled as much as 1.7 percent in New York and are poised for the first weekly decline since mid-December after more than a week of...

Gold Heads for Weekly Decline as Bond Yields Surge
Friday, 19 January 2018 09:31 WIB

Gold heads for first weekly drop since early December as benchmark bond yields climb, countering concerns over possibility of U.S. government...

Gold Heads for Weekly Decline as Bond Yields Advance
Friday, 19 January 2018 12:40 WIB

Gold heads for first weekly drop since early December as benchmark bond yields climb, countering concerns over possibility of U.S. government...