Monday, April 19, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Gold Foreign Gold Coins

Strong holiday shopping, improved investor sentiment to weigh on gold prices – IHS Markit

Gold Investment Experts by Gold Investment Experts
in Foreign Gold Coins
3 min read
0
Strong holiday shopping, improved investor sentiment to weigh on gold prices – IHS Markit
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Strong holiday shopping, improved investor sentiment to weigh on gold prices - IHS Markit 1

(Kitco News) – Gold stays resilient within the face of bettering financial circumstances, however one analyst warned that constructive investor sentiment and a powerful vacation purchasing season may weigh on the yellow steel by the tip of the yr.

In an e mail remark to Kitco Information, KC Chang, treasured metals analyst at IHS Markit, mentioned that he nonetheless sees extra draw back stress in gold and reiterated his name for costs to finish nearer to $1,400 by the tip of the yr. Chang’s feedback come as gold continues to carry important assist above $1,450 an oz.. December gold futures final traded at $1,473.40 an oz., up 0.11% on the day.

“Whereas traders might stay anxious on the subject of US-China commerce coverage, the latest US rate of interest cuts and financial coverage stimulus from different central banks will ease monetary market circumstances within the coming quarters,” he mentioned.

The feedback come because the analysis agency sees worries over an financial slowdown beginning to ease. That renewed optimism may even be mirrored in stronger vacation purchasing, which is able to kick off in earnest subsequent week.

In a latest report, IHS Markit mentioned it sees vacation retail gross sales rising to $733.7 billion, a 4.6% improve over final yr, and outperform common progress of three.8% seen during the last 10 years.

Nonetheless, the analysts added that sturdy 2019 gross sales come after a dismal 2018 purchasing season.

“Final yr’s gross sales had been so poor that even a modest enchancment in vacation retail spending would look sturdy in year-over-year phrases. Retail is in a snug place, however peak progress is probably going within the rear-view mirror,” the analysts mentioned.

Though the continued commerce struggle between China and the U.S. has dampened a number of the vacation spirit, IHS mentioned that it gained’t have a significant affect on vacation purchasing.

“Shoppers usually are not more likely to really feel the complete power of the tariffs till after the vacations. Most retailers started putting orders for his or her vacation items in the summertime months, which is able to permit them to largely keep away from paying the upper tariff charges that went into impact in September,” the analysts mentioned.

Though this yr’s holding purchasing season is anticipated to be constructive, IHS mentioned that subsequent yr may very well be troublesome.

“In 2020, tighter labor markets will lead to a slower tempo of hiring and shopper confidence is more likely to recede from its elevated stage as financial progress and the inventory market cool. Tariffs may start to chunk as properly, eroding customers’ willingness to spend,” the analysts mentioned.

Turning again to gold, Chang mentioned that not solely is bettering investor and shopper sentiment taking momentum away from the dear steel, costs are nonetheless excessive sufficient to discourage some traders from leaping into the market.

“Gold’s 13.7% year-to-date worth acquire ought to dissuade bodily retail and funding demand,” he mentioned.


Disclaimer: The views expressed on this article are these of the writer and should not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge offered; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

China’s Voracious Gold Appetite Could Satiate This Mining ETF

China’s Voracious Gold Appetite Could Satiate This Mining ETF

Now You Can Soon Buy 1, 2gms Gold Coins Under New Indian Gold Coin Scheme

Karnataka To Launch Its Own Gold Coins With State Emblem Embossed



Source link

Previous Post

Buy Sell Gold Silver & Platinum Coins & Bars

Next Post

Asia's gold imports at 'historically low levels', trend to weigh on prices in 2020 - Capital Economics

Next Post
Asia’s gold imports at ‘historically low levels’, trend to weigh on prices in 2020 – Capital Economics

Asia's gold imports at 'historically low levels', trend to weigh on prices in 2020 - Capital Economics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Gold hits 7.5-year high and then backs off on profit taking

Gold hits 7.5-year high and then backs off on profit taking

GLOBAL MARKETS-Markets tumble as big Fed move fails to quell virus fears

GLOBAL MARKETS-Markets tumble as big Fed move fails to quell virus fears

How to survive nightmare before christmas: Our lockdown survival guide

How to survive nightmare before christmas: Our lockdown survival guide

Bitcoin (BTC) Price Prediction — Rising to $6,000 or Fall to $4,000?

Bitcoin (BTC) Price Prediction — Rising to $6,000 or Fall to $4,000?

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    13 shares
    Share 5 Tweet 3
  • Palladium Surges above $2,400. Is It Sustainable?

    5 shares
    Share 2 Tweet 1
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    3 shares
    Share 1 Tweet 1
  • Price of gold reaches ‘record’ high

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Gold/Silver: three reasons the low is in
  • Worldwide NFT Rush: BetFury Joins

Recent News

Gold/Silver: three reasons the low is in

Gold/Silver: three reasons the low is in

Worldwide NFT Rush: BetFury Joins

Worldwide NFT Rush: BetFury Joins

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.