This week, 18 Wall Street analysts participated in the gold survey of Kitco, with the optimistic side still holding majority. Twelve specialists, which are 67%, expect the precious metal to exceed $5,300 next week, while only two (11%) predicted decline. The remaining four (22%) assume the risk of balance in short term.
Weekend transactions, [the world gold price] (htttts ://vnexpress.net/chu-de/gia-valu-the-gioi-8314) delivered immediately up 94 dollars to 5.278 a ounce. This is the highest since the 30/1 session.
Marc Chandler, Director of Bannockburn Global Forex, said thegold passes 5.50 US$50 may signal an advance to $5,500 a ounce - the summit area a month ago. The 10-year U.S. bond interest dropped under 4% of its gold - the assets were less profitable - more attractive.
Earlier in late January, the world's gold had set a record on $5,595 a ounce but quickly adjusted after a few hours.
And the weekly world oversizes the 5.250 dollar major resistance to close at 5.278 a ounce. Source: CNBC
James Stanley, senior market strategy at Forex, remained optimistic and claimed that "there is no reason to doubt now, although the current gold price is quite challenging". He said the purchase at the current level may be difficult, but has yet to see the reason for the reverse trend.
In addition to new developments from political geopolitical tensions, the basic elements supporting gold over the past few years remain intact.
Rich Checkan, Chairman and COO of Asset Strategies International, clears the platform of the market that has been built over the past four years, when the central banks purchased gold at an unprecedented level in history.
"The foreign governments hold and trust gold over dollar," he added.
Get out! [ The gold bars and coins are displayed in London, England. Image: Reuters](data:image/gif;base64,R0lGODlhAQABAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACACACATATATATAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATATATAEEEAAAAAEAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
- The gold bars and coins are displayed in London, England. Image: Reuters*
However, there are still a few conflicting opinions. Alex Kuptsikevich, senior analyst at FxPro, assumes the price of gold will go down. Gold rose about 2% of the previous week and was the third consecutive rising week. In the long term, therefore, it takes preparation for the lower price scenario and increased sales pressure.
CPM Group analysts offered the gold deal on 27/2, with the initial goal of $5.100 in phase 23/2-6/3 and a 5.275-dollar stop. They still expect higher prices over the next month or so, but are likely to decrease next week. The analysis group encouraged the super-subscripted trading investor to stand outside or open the short-term position.
Sean Lusk, co-advisor of the Chamber of Commerce at Walsh Trading, agrees that the recent increase of precious metals was not only due to conflict in Iran, but acknowledging a certain deal or subsidulation with the Tehran administration may result in a semi-release. However, he noted that the rate of both gold and silver previously noted the tendency to buy in quite well. He believes this psychologically is not yet over, thus reducing the momentum, if any, is not too deep.
January Gu (in line)
[! [ The world's gold prices rise almost 1 month)(data:image/gif;base64,R0lGODlhAQAAA5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATATATATATATATAEEAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEEEEEEEEEEEEEEEEEEAEEEEAEAEAEAEAEAAAEEEAAAAAEEEEAEAEAEAEEAEAEAEEEAEEAEAEAEAEAEAEAEAEAEA EA EEEEEAEEEEEA
[The world's gold level is nearly 1 month tall] (httts ://nvvnexpress.net/gian-the-gioi-caen-cay-gan-1-tang-tang/504432.html)
[Every ounce of gold increased by nearly $100 a ounce in the end of the month, at the same time noting the seventh up in a row.][htpts ://nvrexexpress.net/gian-the-gioi-cay-cay-gan-gan-1-tang-tang/504432.html] [13] (htttshsnvexpress.net/vang-the-gioi-cave-cave-gan-1-tang-tang/504432.html#box comment vne)
[! [ The risk of oil crisis as the Hormuz Channel closes](data:image/gif;base64,R0lGODlhAQAAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACTATATATAEAEAEAEAEAEAEAEAEAEAEAEAEAEAEAAEAEAEAEAEAAAAAAEAEAAEAEAAEAEAAEAEAEAEAEEEEEEAEAEAEEAEEEEEEAEEEEEEAEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEEE
#[citation of oil prices] as the Hormuz Channel closes] (httts ://vnexpress.net/Deld-co-song-dau-dau-khi-eo-bien-hormid-dong-13-01-01-185.htm)
[U.S. and Israel attacks Iran pushing the Hormuz Channel—the world's oil vessels—to the risk, raises the risk of fuel prices.][htt][citation needed][citation needed] [27] (htttts ://nvexpress.net/Daniel-co-kong-dau-dau-shit-o-bien-horhm-dong-01-545185.html#box comment vne)
Get out! [ The gold bars and coins are displayed in London, England. Image: Reuters](data:image/gif;base64,R0lGODlhAQABAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACACACATATATATAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATATATAEEEAAAAAEAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
