Gold Heads for Second Weekly Drop as Jobs Data Awaited
Friday, 8 March 2019 09:31 WIB | PRECIOUS METALS |GOLDEMAS

Gold headed for a second weekly decline as investors awaited the release of the monthly U.S. jobs report on Friday for clues on the health of the economy after the European Central Bank delivered fresh stimulus and cut its growth forecast for its region.

Spot gold little changed at $1,285.72/oz at 8:35am in Singapore. Metal -0.6% this week after -2.7% week earlier; heads for the first back-to-back weekly drop since end-Nov. Bloomberg Dollar Spot Index steady after capping seventh daily gain on Thursday to the highest close since Dec. 26.

This comes in a week when China reduced its goal for economic expansion, the Bank of Canada dialed back its expectations for policy tightening and the Organisation for Economic Co-operation and Development lowered its global outlook. Still, even with these gloomy views, gold has been pressured by the stronger dollar.

Source : Bloomberg

RELATED NEWS

Gold futures score gains for the session and week
Saturday, 15 February 2020 01:47 WIB

Gold futures climbed on Friday to tally a gain of roughly 0.8% for the week. Concerns surrounding COVID-19 and its impact on the global economy continued to feed haven demand for the precious metal. April gold rose $7.60, or 0.5%, to settle at $1,586.40 an ounce. That was the highest most-active co...

Gold Steady as Investors Gauge Coronavirus Economic Impact
Friday, 14 February 2020 18:34 WIB

Gold prices held steady on Friday after easing from a more than one-week high as investors assessed the risks to the global economy from the coronavirus epidemic. Spot gold was unchanged at $1,575.69 an ounce at 10:36 GMT, having earlier touched its highest since Feb. 4 at $1,577.89. For the week, ...

Gold Set to Notch Up Another Weekly Advance on Virus
Friday, 14 February 2020 15:19 WIB

Gold headed for a third weekly gain in four as mounting concerns over the impact of the coronavirus boosted demand for haven assets. Hubei, the Chinese province at the center of the outbreak, reported almost 5,000 new cases, a day after confirming nearly 15,000 following a revision to its methodolo...

Gold Prices Inch Down After Two Days of Gains
Friday, 14 February 2020 13:16 WIB

Gold prices inched down on Friday after two days of gains, but risk-averse sentiment in the market capped the safe-haven metal™s losses. Gold Futures for April delivery on New York™s COMEX inched down 0.1% to $1,577.95 by 12:59 AM ET (04:59 GMT). The yellow metal eased from an over one-week pea...

Gold Set for Weekly Advance on Mounting Virus Concern
Friday, 14 February 2020 09:35 WIB

Gold headed for the third weekly gain in four as mounting concerns over the impact of the coronavirus boosted demand for haven assets. Prices climbed as Asian stocks slipped after Hubei, the Chinese province at the center of the outbreak, reported more fatalities, bringing the nation...

POPULAR NEWS
Saturday, 15 February 2020 04:28
S&P 500 posts slim gain, helped by Nvidia boost
Saturday, 15 February 2020 01:47
Gold futures score gains for the session and week
ANOTHER NEWS
Hong Kong Stocks End Week Higher as Virus Deaths Fall (Review)
Saturday, 15 February 2020 04:30 WIB Hong Kong stocks edged up on Friday, as the daily death and infection tolls in the epicentre of the coronavirus outbreak returned to lower levels, following a dramatic spike the previous day. At the close of trade, the Hang Seng index was up 0.3%...

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.