Gold Falls From Near 14-Month High Before Fed as Equities Rally
Wednesday, 19 June 2019 10:27 WIB |
PRECIOUS METALS |GOLDEMAS
Gold slipped as equities rose and investors await the outcome of the U.S. Federal Reserve™s meeting later Wednesday, with the central bank widely expected to join its European counterpart in striking a dovish tone.
Bullion for immediate delivery fell 0.2% to $1,343.52 an ounce at 10:18 a.m. in Singapore as Asian stocks built on gains in global shares. The metal jumped as much as 1.1% on Tuesday to near the 14-month high reached last week after indications of more stimulus from the European Central Bank. Holdings in gold-backed exchange-traded funds expanded to the highest since February.
Gold has climbed since late May on bets the Fed may lower interest rates amid signs that the U.S. economy is being impacted by the fallout from escalating trade disputes. While investors are agitating for the central bank to shift, economists don™t see a move this week and are divided on whether officials will cut at all in 2019. Bullion™s rally also faces headwinds from thawing U.S.-China trade tensions after the countries said their presidents will meet in Japan next week to relaunch trade talks after a monthlong stalemate.
Source : Bloomberg
Monday, 22 July 2019 19:47 WIB
Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and as investors look for major central banks to ease policy.
Gold for August delivery on Comex was up ...
Monday, 22 July 2019 18:16 WIB
Gold steadied on Monday, having slid 1% in the previous session on lowered expectations of a big interest rate cut by the U.S. Federal Reserve, but the metal's overall momentum remained supported by global geopolitical uncertainties.
Spot gold was up 0.1% at $1,426.36 an ounce at 10:28 GMT, having ...
Monday, 22 July 2019 13:11 WIB
Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,427.75 by 12:15 AM ET (04:15 GMT).
The yellow metal...
Monday, 22 July 2019 09:47 WIB
Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a sharp interest rate cut at the end of this month, while tensions in the Middle East limited losses for the bullion.
Spot gold was down 0.2% at $1,422.74 pe...
Saturday, 20 July 2019 02:02 WIB
Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six years.
August gold trading fell by $1.40, or 0.1%, to settle at $1,426.70 an ounce, after touching a...