PT Equityworld – Gold prices edged higher in late trading weekend early Saturday (21/01) after US President-elect Donald Trump inducted.
Trump’s first statement as president of the 45th United States focused on the message nationalist “American first”.
Spot gold prices rose 0.64 percent at $ 1,212.47 an ounce at 2:58 ET, while US gold futures prices rose 0.95 percent at $ 1,212.9.

The dollar index, which measures the greenback against a basket of currencies, fell 0.1 percent to 101.09.

The dollar weakened, which makes metals cheaper for holders of other currencies.

 

PT Equityworld | Gold’s Price Rise Post-Inauguration Donald Trump

Philadelphia Federal Reserve President Patrick Harker said Friday he hopes the three interest rate

increases in 2017 if the labor market improved further and inflation movements to the Federal Reserve’s 2 percent goal.

The metal has risen more than 7 percent since falling to its lowest in more than 10.5 months in December,although it has failed to break above key level in recent days.

In other precious metals, spot silver rose 0.87 percent at $ 17.15 per ounce.

Spot platinum rose 2.78 percent to $ 983 after touching a low $ 943.75 in the previous session, the worst since January 5

The decline in diesel vehicles in Europe is a threat to price Platinium, in the opinion of analysts.

Spot palladium rose 4.28 percent to $ 785.72.

 

PT Equityworld | Gold’s Price Rise Post-Inauguration Donald Trump

For the week the price of gold is still positive at around 0.5 percent,

triggered worries Hard Brexit and commentary Trump stating the US dollar is too strong can depress the competitiveness of the US in particular against China.

the analysts predict gold prices for the next trading has the potential to rise to the weakening US dollar

and rising Chinese demand ahead of the Lunar New Year.

The gold price is expected to move in the range of $ 1,214- $ 1.216 Resistance, but if the price drops will move in the range of $ 1,210- $ 1.208 Support.

news by PT Equityworld | ewf surabaya