Gold Near Four-Month Low as U.S. Stocks at Record High
Wednesday, 24 April 2019 09:36 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold held near the lowest level in almost four months as U.S. equity markets closed at record highs on the back of better-than-forecast earnings, sapping demand for havens.

The S&P 500 Index and the Nasdaq Composite Index marked new milestones as several companies reported favorable first-quarter earnings, adding to a rally led by the biggest technology stocks. Investors were also weighing the latest news on trade talks, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin traveling to Beijing for negotiations that will begin on April 30.

Spot gold -0.1% to $1,271.04/oz at 9:08am in Singapore

Metal dropped to $1,266.42 on Tuesday, lowest intraday level since Dec. 26

Source : Bloomberg

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