Gold Drops, Dollar Rises

By : Wiyanto Dan Aldo Bella Putra | Friday, July 20 2018 - 18:30 IWST

Pekembangan Emas
Pekembangan Emas

INDUSTRY.co.id - Jakarta - This trading week may be very bearish for gold that slumped to its lowest level this year amid Dollar appreciation.

"The depreciation of recent day’s highlights that gold remains very sensitive and negatively correlated with the Dollar," said Lukman Otunuga, Research Analyst at FXTM in Jakarta, Friday (20/07/2018).

According to him, market expectations are increasingly high that the Federal Reserve will raise interest rates twice more this year so gold remains an easy target for investors bearish. Gold may be further hit unmercifully by the generally strengthening Dollar this week.

"From the technical side alone, goldbearish is on the daily chart." Budianharian retains full control below the $ 1236 level, gold has broken below $ 1220 so downside momentum could pave the way to $ 1200, "he said.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…