Gold dips as dollar holds near 2018 peak
Thursday, 17 May 2018 18:49 WIB |
PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka
Gold slid back towards its low for the year on Thursday as another rise in U.S. bond yields and concerns over political risk in Italy held the dollar index near its 2018 peak.
The precious metal has fallen more than 2 percent this week on gains in the U.S. currency and a rise in U.S. 10-year Treasury yields to seven-year highs. Higher yields increase the opportunity cost of holding non-yielding assets such as bullion.
Spot gold was down 0.1 percent at $1,288.96 an ounce by 09:30 GMT, close to the previous day's 4-1/2 month low of $1,286.20. U.S. gold futures for June delivery were down $3.40 at $1,288.10.
The dollar has climbed nearly 4 percent so far this quarter on expectations that the Federal Reserve will lift U.S. interest rates further this year to curb inflation, at a time when other central banks are still keeping monetary policy loose.
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Friday, 16 August 2019 20:04 WIB
Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain.
Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce, while September silver was off 6.4 cents, or 0.4%, to $17.15 an ounce.
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Friday, 16 August 2019 15:16 WIB
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Friday, 16 August 2019 13:02 WIB
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Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were near flat at $1,531.55 by 1:21 AM ET (05:21 GMT).
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