Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / Gold Can Push Higher In The Near-Term But Rally Might Not Last – Triland Metals

Gold Can Push Higher In The Near-Term But Rally Might Not Last – Triland Metals

May 20, 2015 10:16

Source:SMM

June Comex gold futures settled Monday at $1,227.60 an ounce, above key the key resistance point at $1,225 an ounce.

Author: Paul Ploumis19 May 2015 Last updated at 06:54:56 GMT

(Kitco News) - June Comex gold futures settled Monday at $1,227.60 an ounce, above key the key resistance point at $1,225 an ounce.

Analysts at Triland Metals say they are optimistic that gold has enough momentum to push higher in the near-term, but might not be able to hold long-term gains.

“With gold clearing the $1225 resistance we should be up at $1244 in a fairly orderly fashion. Gold would need to clear $1308 to enter new territory however and we remain skeptical of the commodity bounce,” they say.

“In the last few years gold and silver have both traded marginally above their 200 day MAs for a period of a few weeks before giving way to supply.

We won’t bet against this happening again…”

Courtesy: Kitco News

gold price

gold price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Standard Chartered Looks For $1,300/Oz Gold In 4Q

Standard Chartered upped its gold forecast Wednesday, saying there is a greater probability of the precious metal ending the year at $1,300 an ounce than $1,200.

time

Jun 22, 2017 10:10

Standard Chartered Looks For $1,300/Oz Gold In 4Q

HSBC looks for $1,300 Gold on weaker dollar, brexit concerns

HSBC said a weaker U.S. dollar and hedging related to a U.K. referendum on leaving the European Union – often referred to as a Brexit -- are both bullish for gold.

time

Apr 27, 2016 12:54

Jeffrey Nichols anticipates eventual record high in Gold

Jeffrey Nichols, the managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital LLC, sees the day when gold returns to record highs.

time

Feb 25, 2016 09:41

Citi Research Sees Softer Gold In 2016 But Not Outright Price Capitulation

Citi Research looks for gold prices to decline further in 2016 but does not envision an “outright price capitulation,” while platinum group metals are expected to rise from current levels.

time

Dec 1, 2015 16:41

Natixis Sees Gold Averaging $990 In 2016, Pressured By U.S. Interest Rates, Dollar

Natixis sees gold prices averaging $990 an ounce in 2016 on expectations for higher U.S. interest rates and strength in the U.S. dollar, the French bank said in a report released Friday.

time

Oct 12, 2015 16:21

Smaller Factors Could Have Big Impact On Gold Next Week - Analysts

The timing of the Federal Reserve’s first interest rate hike in more than nine years and a weaker U.S. dollar will be major drivers for the gold market next week.

time

Oct 12, 2015 16:19

Gold To Move Above $2,000 An Ounce In Three Years – Incrementum AG

Unprecedented global monetary easing is expected to drive inflation higher,and expand the current bond market bubble.

time

Jun 26, 2015 17:28

Gold Ends Near Steady; Morning Gains Cannot Be Held

Gold prices ended the U.S. day session near steady Monday, and gave back morning gains that saw prices poke above $1,200.00.

time

Jun 2, 2015 17:12

Gold Prices Spike Above $1200 as Mixed US Data Not Strong Enough for Fed to Hike This Month

Gold prices jumped $10 per ounce Monday lunchtime in London to trade near 1-week highs above $1200 as weak US economic data were followed by 'dovish' comments.

time

Jun 2, 2015 14:58

Gold Struggling To Break Range, Headed Into Weakest Quarter – Barclays

As gold struggles to break its range, Barclays analysts say that the metal is headed into its hardest quarter yet.

time

May 26, 2015 16:36

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

2.Aluminum Wire Supplier Screening

3.Cost Analysis Of AL Extrusion For Target Units

4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

5.Optimization Of Purchasing Cost For Casting Alloys

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.