Gold Price Forecast: Where XAU/USD Selloff May Stop?
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Katadata.co.id - The price of Antam's gold today rising to Rp 2,000 per gram to Rp 751 Thousand per gram.
Citing Reuters, world gold prices in the spot market edged down 0.07% to US$ 1.474,91 per ounce, continuing yesterday's decline.
Basically this only makes the economic slowdown is not too deep, and there are still risks ahead," said Bart Melek, Head of Commodity Strategy at TD Securities.
He explains, the trade deficit is still high diiring with low interest rates and political risks AS would appear during an election year will make gold remains the choice for investors.
U.S. to postpone the implementation of the new tariffs and pared most of the tariffs already in force, while China promised to buy agricultural goods AS per the desire of the President Donald Trump.
"The market still remains worried about what is covered in this deal and how much agreement stage one-this will reduce the pressure on the global economy enters the year 2020, "said Market Analyst at FXTM the Han Tan.
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