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
Saturday, 12 October 2019 01:01 WIB
Gold futures fell on Friday to settle at their lowest level month to date, tallying a loss of 1.6% for the week. Hope for progress in U.S.-China trade negotiations provided support for U.S. benchmark stock indexes, dulling demand for haven gold.
December gold fell $12.20, or 0.8%, to settle at $1,4...
Friday, 11 October 2019 20:38 WIB
Gold futures on Friday headed sharply lower, putting bullion on track to record its steepest daily drop in October, dragging the commodity to its sharpest weekly fall in more than a year, amid growing optimism on Sino-American trade talks and progress on Brexit.
December gold on Comex was down $17,...
Friday, 11 October 2019 16:36 WIB
Gold is back hovering around the $1,500 mark after the metal was buffeted Thursday by conflicting signals on trade talks and comments from Federal Reserve officials. Palladium hit a fresh all-time high.
Spot gold advanced 0.3% to $1,498.58/oz by 09:50am in London after dropping 0.8% Thurs...
Friday, 11 October 2019 08:33 WIB
Gold prices edged lower on Friday as U.S. President Donald Trump™s remarks on progress in Sino-U.S. trade talks lifted risk appetite, while palladium was set to end a three-day winning streak after touching a record high in the previous session.
Spot gold was down 0.2% at $1,491.12 per ounce, as ...
Friday, 11 October 2019 01:06 WIB
Gold futures traded lower Thursday, slipping back under the $1,500 an ounce mark, after President Donald Trump said he plans to meet with Chinese Vice Premier Lui He on Friday as the world economic powers hold their first day of talks in Washington.D.C.
December gold on Comex was off $14, or 0.9%, ...