Gold Price and Analysis
In near, any stocks are very fluctuation. Oil price, inflation and interest rate harm market activities. Uncertain condition makes it worst. Investment on Gold is better than others investment types. Gold is more immune against Inflation. Indonesian Economist, Tony Prasetiantono said that Investment on Gold and any Metal are better than others kinds on investment consist of Stocks, Treasury and Exchange Market. Investment on Gold has the same level and profitable with invest on Land and Property. Incremental on Gold, Property and Land price are happened in uncertain periods but the price still running high on months and years.
Tony Prasetiantono said that the immune against inflation on Gold is caused that Inflation has positive correlation with Gold price, but Invest on Gold has some weakness. Because Gold is seen goods, gold is easy to steal and lost. So Gold is favorable chosen. Toni Prasetiantono said that investment on Gold is being trended in recent. Investors have two options to invest in Gold. Traditional Method; Buy Gold in physical gold and keep it, or they buy gold jewelry. And the last method is they buy unphysical gold in Stock, Obligation and other kinds of this tool.
Today, Wednesday 24/6, Gold investors still wait FED meeting. They would like to see where the FED’ policy are. FOMC (Federal Open Market Committee) has already been meeting since Tuesday, yesterday. Gold price in New York Mercantile Market for August Shipping rises $4.4 to $891.60 per troy ounce. Analyst Dave Meger from Alaron Trading stated that new price on gold was caused by declined on Dollar America against major currencies, and another external factors is waiting after FOMC finishes their meeting.
Hong Kong Trading on this morning, Gold price is opened at $886 – 887.00 per troy ounce, declined from Tuesday closing time at $889.50-890.00 USD per troy ounce.
Source: Kompas.com, Bloomberg.com, Reuters.com and Antara.co.id
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Tony Prasetiantono said that the immune against inflation on Gold is caused that Inflation has positive correlation with Gold price, but Invest on Gold has some weakness. Because Gold is seen goods, gold is easy to steal and lost. So Gold is favorable chosen. Toni Prasetiantono said that investment on Gold is being trended in recent. Investors have two options to invest in Gold. Traditional Method; Buy Gold in physical gold and keep it, or they buy gold jewelry. And the last method is they buy unphysical gold in Stock, Obligation and other kinds of this tool.
Today, Wednesday 24/6, Gold investors still wait FED meeting. They would like to see where the FED’ policy are. FOMC (Federal Open Market Committee) has already been meeting since Tuesday, yesterday. Gold price in New York Mercantile Market for August Shipping rises $4.4 to $891.60 per troy ounce. Analyst Dave Meger from Alaron Trading stated that new price on gold was caused by declined on Dollar America against major currencies, and another external factors is waiting after FOMC finishes their meeting.
Hong Kong Trading on this morning, Gold price is opened at $886 – 887.00 per troy ounce, declined from Tuesday closing time at $889.50-890.00 USD per troy ounce.
Source: Kompas.com, Bloomberg.com, Reuters.com and Antara.co.id
