Monday, 21 January 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--

Gold To Do Better In June As Dollar Rally Stalls - INTL FCStone
Tuesday, 5 June 2018 05:12 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold will have a better month in June following a drop below the key psychological level of $1,300 an ounce in May, said INTL FCStone, adding that the U.S. dollar rally will run out of steam.

The yellow metal prices are likely to trade between $1,280-$1,335 an ounce in June, wrote INTL FCStone analyst Edward Meir in a report published on Sunday.

One of the central triggers to give gold a reprieve is a stalling U.S. dollar, led by the sentiment that the Federal Reserve™s June rate hike has already been priced in by the markets.

œOnce [the rate hike] is out of the way, the market will be focusing on the next and potentially last move before the Fed stops for a while. We also think that the rate picture may have run its course as well, at least for now, Meir said.

Trade war rhetoric will also play a central role in driving gold prices in June, the report pointed out.

œA steadily deteriorating trade situation is arguably bearish for the dollar (and bullish for gold), but should the situation improve, we could see the dollar rally and pressure gold in the process, Meir said.

On top of that, there are a number of geopolitical risks to keep in mind as the summer gets going, including Italy, Spain and North Korea, the analyst added.

œItaly and Spain, the region™s most heavily indebted countries (after Greece), continue to struggle politically, although the worse seems to be over, he said. œThe other major event will fall on June 12th, which is when President Trump is supposed to meet with the North Korean leader. Any semblance of a rapprochement will be net bearish for gold, albeit temporarily, since political events tend to have a short-term impact on prices.

Gold prices surprised the market in May by hitting a fresh 2018 low of $1,280 an ounce, pressured down by strong U.S. dollar and rising U.S. yields.

Source: Kitco News

RELATED NEWS
Gold To Top $1,300 In Next 3 Months, Rise 10% In 2019 - Goldman Sachs...
Monday, 14 January 2019 22:00 WIB

Emas akan terus bersinar sebagai aset safe-haven dengan harga terdorong ke atas $ 1.300 per ons dalam tiga bulan ke depan, menurut perusahaan investasi raksasa Goldman Sachs. Dalam sebuah catatan kep...

Outlook 2019: The Most Bullish Views So Far...
Monday, 7 January 2019 11:30 WIB

Para bulls emas kembali. Setelah setahun melihat harga emas lebih lemah, investor dan analis sama-sama mengadopsi optimisme baru untuk tahun baru. Meskipun sentimen dalam seri Outlook 2019 kami telah ...

Gold Will Rally 22% In 2019, Outperform Everything...
Monday, 31 December 2018 22:40 WIB

2019 akan melihat awal siklus bull baru untuk emas dan mendorong logam hingga level $ 1.500 per ounce, kata E.B. Tucker, direktur Metalla Royalty & Streaming. œUntuk menghasilkan banyak uang di...

CPM Group Sees Gold Averaging Near $1,300/Oz In 2019...
Monday, 17 December 2018 21:58 WIB

CPM Group melihat harga emas untuk naik tahun depan seiring Federal Reserve memperlambat laju kenaikan suku bunga AS, namun konsultan itu tidak mengharapkan logam kuning untuk lari lebih jauh ke atas ...

Wall St., Main St. Expect Gold To Keep Shining...
Monday, 10 December 2018 13:04 WIB

Wall Street dan Main Street keduanya melihat emas untuk membangun pergerakan minggu lalu untuk bergerak lebih tinggi selama minggu depan, berdasarkan survei emas Kitco News. Pengamat memperkirakan la...

LATEST NEWS
Erdogan : Turkey Ready to Take Over Security in Syria's Manbij

Turkey is ready to take over security in the Kurdish-controlled Syrian city of Manbij, President Recep Tayyip Erdogan said Sunday. Erdogan's office says the president spoke to U.S. President Donald Trump by telephone Sunday, days after an Islamic...

Gold Holds Decline on Signs of U.S. Economy Strength

Gold held a drop as the dollar gained amid signs of strength in the U.S. economy and on optimism steps are being taken toward a U.S.-China trade truce. Data on Friday showed U.S. factory production expanded in December by the most...

AUD/USD Jumps 23 Pips on Better-Than-Expected China Industrial Production Figure

The AUD/USD pair jumped 23 pips to 0.7177 soon before press time, courtesy of a better-than-expected China data. China's industrial production rose to 5.7 percent year-on-year in December, beating the forecast of 5.3 percent by a big margin. The...

POPULAR NEWS
Gold Futures Suffer First Weekly Decline Since Mid-December
Saturday, 19 January 2019 02:09 WIB

Gold futures fell on Friday, suffering from their first weekly decline since mid-December as optimism surrounding the U.S.-China trade dispute...

Gold Holds Drop as Investors Weigh Trade Developments
Friday, 18 January 2019 14:13 WIB

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight....

Hong Kong, Shanghai stocks end week with gains
Friday, 18 January 2019 15:49 WIB

Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese...

Gold, Silver Prices Sell Off Amid Keener Risk Appetite
Friday, 18 January 2019 20:44 WIB

Gold and silver prices are lower and headed toward technically bearish weekly low closes in early U.S. trading Friday. Trader and investors are...