Gold Rally Is Checked in February as Doubts Creep In
Thursday, 28 February 2019 09:46 WIB | PRECIOUS METALS |GOLDEMAS

Gold run of monthly gains is at risk of ending in February after bullion failed to break above $1,350 an ounce, holdings in exchange-traded funds contracted, and investors weighed the outlook for the Federal Reserve™s monetary policy and whether the U.S. can avoid a recession.

Prices were steady on Thursday after Fed Chair Jerome Powell told lawmakers he™ll soon announce a plan to stop shrinking the bank™s $4 trillion balance sheet. On the trade front, U.S. Trade Representative Robert Lighthizer struck a cautious tone on prospects for a deal with China, saying much work still needs to be done. His remarks came days after President Donald Trump suggested he was already planning to sign an accord with Chinese leader Xi Jinping.

Spot gold -0.1% to $1,318.48/oz at 10:32am in Singapore.

Source : Bloomberg

RELATED NEWS

Gold futures post a nearly 4% weekly gain
Saturday, 22 February 2020 02:08 WIB

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive offi...

Gold Hits New 7-Year High as Virus Prompts More Upgrades
Friday, 21 February 2020 20:18 WIB

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in...

Gold Pops as Virus Concerns Ignite Global Stampede Into Havens
Friday, 21 February 2020 16:59 WIB

The stars have aligned for gold as concerns the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary policy combine to trigger a powerful global hunt for havens. Bullion headed for the biggest weekly gain in more than six months as prices hit a seven-yea...

Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads
Friday, 21 February 2020 13:43 WIB

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156,...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the p...

ANOTHER NEWS
Hong Kong Stocks Close Lower on Virus Worries (Review)
Saturday, 22 February 2020 04:19 WIB Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.