Commonwealth bank forex calculator

Next year is looking like a perfect time to get into commonwealth bank forex calculator gold market, says one commodity strategist, who forecasts lower prices by the end of 2018. Gold still has some room to give before it is a good buy.

Right now, we are in a neutral position. 1,250 by the end of 2018. Some of the things to watch for as we get ready to say goodbye to 2017 is how the nomination of Federal Reserve Governor Jerome Powell as the next head of the U. Another key trigger for gold will be the outcome of Trump’s tax reform. If that reform comes through, it will be positive for the U. Other surprises in 2018 could come from geopolitical tensions, which have retreated into the background for now. President Donald Trump and North Korea exchanged words.

Geopolitical risks can work around the standard gold drivers, such as U. The general trend is when we have a risk event, it gets priced in and then stops. This was the case with North Korea, which first heavily influenced prices, but as that conversation kept going, the market looked away from it. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. The mandates of the Customs and Excise Division are to be derived from the Customs and Excise Act .

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