Tuesday, 25 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold sinking into $1,240, looking for a new low for 2018
Thursday, 12 July 2018 12:53 WIB | PRECIOUS METALS |GOLD

Gold is holding close to 2018 lows as the precious metal continues to slump, with traders opting to hold USD for the time being.

Trade tensions continue to rise between the US and China, with further tariffs due to come into effect as last Friday's reciprocal tariffs saw neither side willing to back down.

Broader markets have recoiled from the ramped-up trade tensions, with traders flocking into safe havens and buying up the USD, driving commodities and equities into lows, and Gold continues to slump on the back of a rising Greenback.

Gold levels to watch

With Gold tipping into lows, 1,241 remains the current week's low, with 2018's low nearby at 1,237. The 1,235 region present heavy support for Gold prices, with a firm rejection taking place at the same region back in December of 2017. Bulls are looking up from the bottom of a very steep decline, with resistance resting at the week's high at 1,265, with the previous week's peak far above at 1,309.

Source: FXstreet

RELATED NEWS
Gold Steadies as Investors Await Fed Policy Meeting...
Tuesday, 25 September 2018 15:35 WIB

Emas stabil pasca penurunan dua harinya dengan Federal Reserve diperkirakan akan menaikkan suku untuk ketiga kalinya tahun ini pada pertemuan minggu ini. Bullion untuk pengiriman cepat menguat 0,1% d...

Gold steady amid trade tensions, eyes on U.S. Fed...
Tuesday, 25 September 2018 08:34 WIB

Emas stabil pada hari Selasa di tengah memanasnya ketegangan perdagangan AS-Cina setelah satu set tarif baru yang mulai berlaku, sementara investor cenderung menjadi penonton menjelang pertemuan Feder...

Gold Settles Higher Ahead Of Broadly Expected Fed Rate Hike This Week...
Tuesday, 25 September 2018 03:13 WIB

Emas berjangka menetap lebih tinggi pada hari Senin, memperoleh kembali beberapa kerugian baru-baru ini seiring para investor menunggu apa yang secara luas diperkirakan akan menjadi kenaikan suku bung...

Gold Creeps Higher Ahead of Broadly Expected Fed Rate Hike...
Monday, 24 September 2018 19:42 WIB

Harga emas berjangka naik dari posisi terendahnya satu minggu pada perdagangan Senin yang tenang karena investor menunggu apa yang secara luas diperkirakan akan menjadi kenaikan suku bunga ketiga Fede...

Gold Trades Near $1,200 as Attention Switches to Fed...
Monday, 24 September 2018 17:40 WIB

Emas diperdagangkan di dekat $ 1.200 per ons seiring meningkatnya perang perdagangan AS-China, dengan Washington memberlakukan tarif baru pada hari Senin, dan karena para investor menghitung mundur ke...

LATEST NEWS
Brent oil extends climb to 4-year high, while U.S. crude set for longest streak of gains in 2 months

Oil futures on Tuesday extended a recent uptrend that has taken the global benchmark to around a four-year high and put its U.S. counterpart on track for its longest streak of advances since the end of July, supported by expectations for coming...

US futures fluctuate as political turmoil keeps investors on edge

U.S. stock index futures eked out minor gains ahead of Tuesday's open. Around 5:00 a.m. ET, Dow futures rose 20 points, indicating a positive open of 38.95 points. Futures on the S&P 500 were slightly up, indicating a positive open of 2.48...

Euro struggles despite Draghi's inflation comments

The euro struggled on Tuesday despite European Central Bank president Mario Draghi™s comments about œrelatively vigorous inflation in the previous session, while the dollar paused before the U.S. Federal Reserve™s policy meeting. The euro...

POPULAR NEWS
Gold Expected To Gain Some Luster After Fed
Monday, 24 September 2018 11:35 WIB

Wall Street and Main Street both look for gold prices to rise this week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market...

Gold Settles Higher Ahead Of Broadly Expected Fed Rate Hike This Week
Tuesday, 25 September 2018 03:13 WIB

Gold futures settled higher on Monday, recouping some of their recent loss as investors awaited what™s widely expected to be the Federal...

Gold Drops Second Day as Trade War, Rate Hike in Focus
Monday, 24 September 2018 08:36 WIB

Gold declines for second day with trade war in focus as U.S. and China hours away from new round of tariffs on each other's goods, and as...

Hong Kong stocks fall at open
Monday, 24 September 2018 09:00 WIB

Hong Kong stocks fell in the first few minutes of trade Monday after China called off planned trade talks with the United States, fuelling fears of...