Gold Retreats From 14-Month High as Fed Cut in Doubt
Monday, 17 June 2019 09:21 WIB | PRECIOUS METALS |GOLDEMAS

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates.

Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday.

U.S. stores and factories reported a pickup in activity last month, according to government figures released Friday. Still, earlier numbers for payrolls and inflation were less robust, which means that investors will be closely watching the Fed™s policy decision Wednesday for signals on where monetary policy is heading.

Source : Bloomberg

RELATED NEWS

Gold's uptrend 'remains intact' despite stronger dollar and record-setting stocks
Tuesday, 16 July 2019 19:02 WIB

Gold futures rose slightly Tuesday, extending a climb above a two-week peak for bullion as U.S. stocks traded near all-time highs on the session. August gold trading on Comex added $1.80, or about 0.1%, to $1,415.40 an ounce. On Monday, the yellow metal booked its highest most-active contract settl...

Gold Holds Range Before U.S. Retail Data, Fed Speeches
Tuesday, 16 July 2019 15:20 WIB

Gold swings between small gains and losses as investors await U.S. economic data and potential commentary on monetary policy from a slew of Federal Reserve officials. While markets are expecting the Fed to lower interest rates at its July 30-31 meeting, the debate now is how deep they wil...

Gold Slips Before U.S. Retail Sales Data, Fed Speeches
Tuesday, 16 July 2019 09:28 WIB

Gold retreated ahead of U.S. economic data and potential commentary on monetary policy from a slew of Federal Reserve officialsscheduled to speak this week. Traders will be looking to U.S. retail sales due Tuesday for clues on the health of the economy, one day after China ...

Gold prices settle at nearly two-week peak
Tuesday, 16 July 2019 01:55 WIB

Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of expectations for a U.S. Federal Reserve interest-rate cut at the end of the month. Gold for August delivery on Comex added $1.30, or about 0.1%, to settle at $1,4...

Gold steadies on mixed Chinese data, higher equities curb gains
Monday, 15 July 2019 20:28 WIB

Gold steadied on Monday after data showed Chinese economic growth slowed to its weakest in about 27 years, while gains in equities curbed appetite for bullion as investors latched onto some positive readings from the world's second-biggest economy. China's second-quarter annual GDP growth fell to a...

ANOTHER NEWS
Stocks pull back from record levels as earnings season picks up steam
Tuesday, 16 July 2019 20:53 WIB Stocks got off to a slightly lower start Tuesday as investors digested a stream of earnings reports, including results from Dow components Johnson & Johnson and Goldman Sachs Group Inc. The Dow Jones Industrial Average fell around 7 points, 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.