bitcoin price july 2010
Free live gold price, live silver price, charts, news
Real-time gold scrap value calculator for professionals
Calculate precious metal dimensions, weights and purity
Real-time gold scrap value calculator for professionals Bitcoin Rate In Inr In 2010
Real-time gold scrap value calculator for professionals
Calculate precious metal dimensions, weights and purity
300 Bitcoin Rate In Inr In 2010 , Prices Close Above $1,300
managed to not only escape the December bear market but also end the year on a very bullish note, posting a monthly rise of 1.64% and a yearly advance of 12.67% - its best annual performance since 2010.
was trading at $1,309.00, up 0.91% on the day, just before the market settled for the very last time in 2017. The quiet trading week allowed technical considerations to dominate gold and silver prices, according to Kitco’s senior technical analyst Jim Wyckoff.
The $1,300 an ounce price target will remain the metal’s key psychological level in the new year, according to analysts.
“Look for continued steady gold over the 200-day moving averages and as gold is under invested. If we close over $1,300 more asset allocators joining the long side,” said George Gero, managing director at RBC Wealth Management. “Gold is still much about the dollar weakness, bonds -- ten-year [yields] not moving after rate hike -- and tax season in full swing.”
Some analysts anticipate gold to struggle once it hits $1,300. “The yellow metal should meet some staunch resistance at the $1300 level,” said MKS PAMP trader Tim Brown.
Silver also saw a positive month in December, with March Comex silver futures last trading at $17.08, up 0.84% on the day, during the last trading session of the year.
Despite the inability to hold above the $1,300 level for a long period of time in 2017, gold has had a very positive year, showing the best annual advance since 2010 when prices were up 30.60%.
Some of the most supportive months for the yellow metal, broadly speaking, have been February, April, June, and September, according to
Gold began the year trading below $1,170 and neared $1,280 in February. The precious metal briefly attempted to approach the $1,300 level in April and then again in June. But, gold was only able to successfully breach that target in the end of August.
On Sept. 8, prices hit their highest level of the year— $1,357 — which also marked the beginning of the end of gold’s bullish cycle.
In the middle of December, prices dropped to $1,236, marking the lowest level since July. This was followed by a trend back up, which turned December into a positive month for gold.
Some of the major events included the Federal Reserve (Fed) raising rates three times in 2017 and announcing the winding down of its balance sheet in the fall.
, pushing the federal funds rate to a range between 1.25% and 1.50%.
grabbing the spring headlines and impacting gold prices, followed by the
throughout the year played a great role in supporting gold prices once they tried to breach past $1,300 level.
Don't Forget To Check Out Kitco's Annual Outlook Page:
Analysts are currently split in terms of what kind of price action to expect in 2018.
“Gold prices have a little bit more downside. But, they’ve done well throughout the year — up on year-to-date basis. That said, I can’t be overly excited about what we are seeing at the moment because the investment case of 2018 is exceptionally broad and I can make a really strong case for strong appreciation in gold, but I can also make a case of gold going down,” Chris Weston, chief market strategist at IG, told Kitco News.
“The market faded around $1,300 in November, which makes it a significant high. We need to close through there and then start making a move between $1,357 - $1,375,” he said.
Kitco’s Wyckoff said that based on technical analysis of price charts gold prices are
“Since 2015 gold prices have traded sideways. The monthly gold chart at present is not bullish and it’s not bearish, either. That suggests the outlook for gold in the coming new year is for more of the same—trending more sideways in the coming months than either up or down,” he said in his technical outlook for 2018.
, said the gold prices will only be heading down in 2018.
“We continue to expect gold prices will move lower over the coming months, reaching $1,200/toz by mid-2018,” said analysts at Goldman.
The views expressed in this article are those of the author and may not reflect those of
The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Wall Street Rides High as U.S.-Mexico Trade Deal Boosts Global Markets
METALS-Copper hits 2-week high as trade war fears ease, dollar slips
China exporting alumina again as soaring prices upend market
Russia may buy aluminium for state stocks to support Rusal -minister
PRECIOUS-Gold steadies as U.S.-Mexico trade deal weighs on dollar, China ties in focus
SWOT Analysis: A New Platinum-Gold Alloy Is the World’s Most Wear-Resistant Metal Bitcoin Rate In Inr In 2010
Monday, Charts for Gold, Silver and Platinum and Palladium, Aug 27
Tuesday’s Predicted Daily Price Trends for Gold and Silver
0 Reviews:
Post Your Review