The United States threatened to increase taxes on aluminum and steel, improve the prediction of gold price
The chart shows, in the measurement, experts on the Wall Street (Wall Street, 67%) to predict the price of gold will increase a week. 14% that the price will decline, the price of 19% level forecast.
The online survey results (Main Street), the 50% prediction 35% forecast value increase, decrease, 15% that the price level.
Golden week for these predictions from the 5-9 / 3, Ken Morrison, Morrison edited file is a prediction of gold prices risk, that "war and most commercial trade partner and the most powerful allies of the United States suddenly changed the mentality, the dollar for dollar, the price for the golden week, may 1.335 $/ ounce level.
Adam button on the forexlive.com currency analysts believes that gold prices will increase, for the same reason, especially in the chaos of the market, because the new tax was announced by Trump. Therefore, gold is a safe haven to attract more investors.
Analyst Phil Flynn, the high price of the futures market group commented that the new tariff policy can also support the price of gold, because of potential inflation. The high tariff will increase the cost of a series of goods.
Colin Cieszynski strategist, market management and wealth was the golden week also optimistic. In the fifth session of Cieszynski Colin, the price of gold last week, in the bottom area of the critical value of the $1.300 - $1.360 / ounce, that may start the market for one week. In addition, the tax policy to the president of the United States steel Donald Trump will increase the market beliefs, allows investors to seek safe havens such as gold.
Richard Baker, editor of the miner of the Eureka upbeat report also commented that a week after the price change of wrestling before a series of other assets, the price of gold has fallen to close to the threshold level of $1.300 / ounce. Golden week, can become a sanctuary safe investment environment in the global trade and increase the risk of war worries about inflation, so the price of gold may rise.
Adrian Day asset management, President and CEO of Adrian Day, forecasts may once in the market to sell gold announced by Federal Reserve Chairman Jerome Powell on the American Association is still in cautious interest rate increases. However, if the increase in interest rate, the inflation rate is low, positive for gold, this is happening in 1976 and 1980 - 2005-2007.
At the same time, Ralph Preston, director of the western financial legacy, some people predict the price of gold will fall, did not see the comments that the power of gold prices, gold prices fell to power, resistance seems to have a decreasing trend.
President Kevin Grady, Phoenix and futures options logical link control, display the neutral point of view. Are you sure these interests get news, from the new tax gold tone Donald Trump announced that the president would be the first opportunity to gold in the short term, but he said it was difficult to many investors in the gold contract for a long time so? The price of gold will still be more difficult because the market is not stable.
The prediction results for the past week (26 / 2 / 3), there are many common points on Wall Street and main street. 37% views to predict the price of gold will rise in Wall Street, but also the 37% neutral point of view, the 47% views of Main Street will rise in price forecast. In fact, the deal ended Sunday at 11:00, 2 / 3, the price of gold in April Comex period 0,6% reduction in week $1.322 / ounce level. However, the price trend of the weekend, the price of a slight increase from the bottom in the fifth session on Sunday, when the stock market and the U.S. dollar in the background information of the slippery slope the new tax policy in the United States.

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