GOLD, SILVER e Metalli in Generale
- Creatore Discussione xinian70
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risparmier
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Tuesday's Charts for Gold, Silver, Platinum and Palladium, March 8 | Kitco News
Monday March 07, 2016 17:04
Citi Research says it remains bullish on gold in the short term but anticipates lower prices by late 2016. The precious metal started 2016 with its strongest two-month rally since 2011, rising some 20% after turbulence in global equity markets, the bank says. “As we have reiterated several times this year, risk-off/risk-on sentiment is likely to keep driving asset market flows in the short term, and general risk-off positioning should continue to provide support to gold prices through 2Q,” Citi says. However, Citi says that “lingering risk-off sentiment may not be enough to provide sustained longer-term support for gold prices without a further deterioration in macro conditions, and a deeper USD unwind, in our view. Though such a scenario is certainly plausible, we are biased towards an improvement in overall market sentiment by year-end, largely driven by our expectations for a strong rebound in crude prices and a follow-on rebound in the broader commodities complex and equities.” Analysts say “we struggle to see a year-end scenario” where oil prices rise to $50 a barrel but gold remains above $1,200 an ounce, thus they “bias our outlook to moderately bearish by 4Q’16.”
By Allen Sykora of Kitco News
Citi Bullish On Gold Short Term But Sees Pullback By Late 2016 | Kitco News
https://translate.google.it/?hl=it
Monday March 07, 2016 17:04
Citi Research says it remains bullish on gold in the short term but anticipates lower prices by late 2016. The precious metal started 2016 with its strongest two-month rally since 2011, rising some 20% after turbulence in global equity markets, the bank says. “As we have reiterated several times this year, risk-off/risk-on sentiment is likely to keep driving asset market flows in the short term, and general risk-off positioning should continue to provide support to gold prices through 2Q,” Citi says. However, Citi says that “lingering risk-off sentiment may not be enough to provide sustained longer-term support for gold prices without a further deterioration in macro conditions, and a deeper USD unwind, in our view. Though such a scenario is certainly plausible, we are biased towards an improvement in overall market sentiment by year-end, largely driven by our expectations for a strong rebound in crude prices and a follow-on rebound in the broader commodities complex and equities.” Analysts say “we struggle to see a year-end scenario” where oil prices rise to $50 a barrel but gold remains above $1,200 an ounce, thus they “bias our outlook to moderately bearish by 4Q’16.”
By Allen Sykora of Kitco News
Citi Bullish On Gold Short Term But Sees Pullback By Late 2016 | Kitco News
https://translate.google.it/?hl=it
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