Gold prices were down at the close of trade Tuesday on Wednesday (15/12) ahead ofa U.S. Federal Reserve policy meeting this week, which is expected to announce a rise in interest rates in nearly a decade.
The price of spot gold down 0.2 percent to 1, 060.03 dollars a troy ounce, while U.S. gold futures prices for March delivery was down 1.1 percent at 1, 063.40 dollars per troy oz.
Analysts predict gold prices moving sideways between $ 1000 and $ 1100 next year.
The Fed is expected to post-the meeting issued a statement on Wednesday.
Gold prices remained weak despite the second turnaround dollars 0.4 per cent fall against a basket of major currencies, and U.S. crude oil turned around after approaching the position 11-year lows.
Boa Merrill Lynch said Friday it forecast a gold price will be rolled into the price of $ 950 in early 2016 because of a rise in US interest rates, thus also including Goldman Sachs, predicts a decline below $ 1000.
Meanwhile, the price of silver reached the lowest level since August 2009 in $ 13.60 per ounce. While the price of Palladium rose 0.9 percent to $ 547.10 an ounce, while platinum prices rose 1 percent on $ 853.50 per ounce.
Yessnews Center estimated the price of gold is still potentially weakened by theimminent U.S. interest rate rise plan this week, which would further increase the u.s. dollar. It is estimated the price of gold would try to penetrate the Support level 1058-1060, and if the price rose again will try to break through Resistance level 1062-1064.
0 Komentar untuk "Gold Investment Fundamental Analyst"