Wednesday, 18 April 2018 20:53 WIB |
PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka
Gold prices rebounded on Wednesday while the dollar and stocks pared gains, as upbeat U.S. economic data drives higher demand for riskier assets.
Spot gold was up 0.38 percent at $1,352.36 per ounce at 8:42 a.m. ET, while U.S. gold futures for June delivery rose 0.44 percent at $1,355.80 per ounce.
The dollar index, which measures the greenback against a basket of currencies, pulled away from a three-week low reached on Tuesday, lifted by stronger-than-expected March U.S. housing starts and steady industrial production figures. A stronger greenback makes dollar-priced gold costlier for holders of other currencies.
Robust earnings from Netflix, Morgan Stanley and Goldman Sachs this week dented non-interest yielding gold and lifted stocks.
Meanwhile, spot silver jumped 1.8 percent to $17.05 per ounce, after touching a one-week high of $16.83 earlier in the session. Platinum gained 1.21 percent to $947.30 per ounce, hitting the highest level in at least three weeks.
Palladium rose 2.38 percent to $1,033.99 per ounce, having touched its highest level since March 1.