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
Wednesday, 23 October 2019 12:36 WIB
Gold prices were steady on Wednesday, as investors awaited more clarity on the Brexit and the U.S.-China trade war, but a rally in the bond markets provided modest support to the bullion.
Spot gold was up 0.1% at $1,489.45 per ounce, as of 04:41 GMT. U.S. gold futures rose 0.3% to $1,492.50 per oun...
Wednesday, 23 October 2019 08:53 WIB
Gold prices were steady on Wednesday, as investors waited for clarity on Brexit confusion after UK lawmakers voted for Prime Minister Boris Johnson's divorce plan but opposed his tight timetable to complete the legislative process in three days.
Spot gold was unchanged at $1,488.50 per ounce, as of...
Wednesday, 23 October 2019 02:16 WIB
Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve™s stance on interest rate cuts.
Spot gold was steady at $1,484.60 per ounce. U.S. gold futures settled mostly unchanged at $1,487.5.
Tuesday, 22 October 2019 20:25 WIB
Gold futures struggled for direction Tuesday as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks.
Gold for December delivery on Comex were up $1.10, or 0.1%, at $1,489.20 an ounce, while December silver was off 3.7 cents, or 0.2%, at $17.565 an ounce.
A firmer to...
Tuesday, 22 October 2019 15:56 WIB
Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012.
Gold ETFs expanded for a third day Monday, extending this year's increase to 16%. Central banks including Turkey and Germany...