Gold Drops as Trump-Mexico Deal Counters Bullish Bets
Monday, 10 June 2019 09:40 WIB |
PRECIOUS METALS |GOLDEMAS
Gold fell after President Donald Trump suspended his plans for tariffs on Mexico, boosting equities and curbing demand for a haven.
Asian stocks and U.S. equity futures climbed on Trump™s announcement Friday that he wouldn™t impose a sliding scale of tariffs on goods from Mexico after that nation agreed to take a tougher stance on immigration. Gold climbed 2.7% last week, the most since 2016, as U.S. employers added the fewest workers in three months and wage gains cooled -- bolstering bets on easier monetary policy. Hedge funds boosted their long position in bullion by the most in almost 12 years.
Spot gold -0.8% to $1,330.54/oz. Prices touched $1,348.31 on Friday, highest since April 2018.
Source : Bloomberg
Tuesday, 25 June 2019 10:56 WIB
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Tuesday, 25 June 2019 01:25 WIB
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Monday, 24 June 2019 18:59 WIB
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Monday, 24 June 2019 16:09 WIB
Gold™s bullish momentum has rolled into a new week.
Prices extended their advance above $1,400 an ounce, near the highest level since September 2013, after the Federal Reserve and other central banks turned more dovish on monetary policy. This, combined with planned U.S. ...
Monday, 24 June 2019 12:57 WIB
Gold prices rose on Monday in Asia and traded above the key $1,400 level amid intensifying conflicts between the U.S. and Iran.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.5% at $1,406.55per ounce by 12:38 AM ET (04:38 GMT).