Equity World, New York – The price of gold again depressed at the closing of the third session on Thursday (Friday morning Jakarta time).
Fears that the political and economic stability will tertanggu subsided.
To quote the Wall Street Journal, Friday (01/27/2017),
the price of gold for February delivery closed down 0.7 percent at US $ 1,189.80 per troy ounce
on the Comex division of the New York Mercantile Exchange.
Equity World | Gold Prices Decline Due to Concerns Actors Donald Trump.
Shortly after Donald Trump was inaugurated as US president,
worries emerged among market participants that the policies to be taken by the conglomerate will destabilize the economy and politics.
But this time such concerns have disappeared and replaced by the belief that economic growth will be sped driven by some pro-growth policies.
Expectations of economic growth, rise in inflation and interest rates also raised the value of the dollar,
bond yields and stock markets. It weakens demand for the precious metal thus suppress the gold price.
WSJ Dollar Index was up 0.5 percent at 91.24 figure Dow Jones Industrial Average rose 0.2 percent to 20102.56. Whereas government bond yields 10-year rose to 2.510 percent from 2.467 percent.
Although at the beginning of this year occurred the weakening trend in gold prices, analysts still predict that gold prices will go back crawl up along with the unstable global economy and still conflict in some areas.
Analysts U.K. Panmure Gordon stockbrokers predicted that precious metals prices will recover and will be a haven for traders. It is based on the results of the analysis that there will still be uncertainty on the economic policy to be taken by the President of Trump.
news by Equity World | ewf