Dikki Soetopo was a guest speaker at the Commodity Exchange Analyst event in News One on September 11, 2019. In this interview session, the man who is usually called Dikki said that the correction that was taking place in the gold commodity in the last few days was caused by discussions between the US and China. related to trade wars.
The effect makes gold sag more or less 86 points from its highest level, so that gold as a save haven is less attractive to investors. Another sentiment came from the ECB which will hold a meeting this week, which is likely to reduce interest rates. In addition, the Fed is scheduled to hold a meeting next week. If the ECB and the Fed so lower interest rates, this will help gold to sparkle again.
"Corrections will continue. If the ECB and the Fed do not reduce interest rates, then the market will tend to go back down. Because investors are waiting and seeing in waiting for a rate cut. others will become minus so gold will return again "continued Dikki.
While the gold fundamentals in the Asian regional market will increase due to the biggest Hindu holiday in India, Deepavali, which will take place in October. Because India is the second largest gold consuming country in the world after China, "usually a moment like this will make investors take a buy or save position because demand for gold has increased" he continued.