Gold soars to five-year peak as U.S. Fed signals rate cut
Thursday, 20 June 2019 20:11 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices surged to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled a possible interest rate cut as early as next month, pressuring U.S. Treasury yields and the dollar.

Spot gold was up 1.6% at $1,380.96 per ounce as of 12:13 GMT, after hitting its highest since March 17, 2014 at $1,386.38.

Gold prices have gained about $80 so far this month.

U.S. gold futures jumped 3% to $1,389.10 an ounce, after touching their highest since April 2018 at $1,397.70.

The Fed on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.

Source : Reuters

RELATED NEWS

Gold Holds Gain Above $1,800 as Silver Futures Advance
Wednesday, 15 July 2020 08:10 WIB

Gold held a two-day advance above $1,800 an ounce as investors tracked tensions between the U.S. and China, progress in developing a coronavirus vaccine, and the mixed outlook for the global economy. Silver futures neared $20 an ounce. President Donald Trump ordered an end ...

Oil Rises Toward Four-Month High on Shrinking U.S Stockpiles
Wednesday, 15 July 2020 07:58 WIB

Oil rose toward a four-month high after a report pointed to a drop in U.S. crude stockpiles and on signs that additional supply from OPEC+ next month won™t be as much as previously anticipated. Futures in New York climbed toward $41 a barrel after closing up 0.5% on Tuesday. The American Petroleu...

Gold Futures Settle with a Modest Loss
Wednesday, 15 July 2020 01:01 WIB

Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a num...

Gold Edges Below $1,800 An Ounce
Tuesday, 14 July 2020 19:51 WIB

Gold futures edged lower Tuesday, slipping just under the psychologically important $1,800-an-ounce level. Gold for August delivery on Comex was off $14.70, or 0.8%, at $1,799.40 an ounce, while September silver was off 42.8 cents, or 2.1%, at $19.36 an ounce. Investors remain in œwait-and-see m...

Gold Drifts Near $1,800 Amid U.S.-China Tensions
Tuesday, 14 July 2020 17:13 WIB

Gold hovered near the $1,800-an-ounce mark, as investors weighed recent coronavirus developments and fresh tensions between the U.S. and China. Riskier assets including equities took a hit as rising virus cases prompted tighter restrictions from Hong Kong to California. The Worl...

ANOTHER NEWS
European stocks open higher on vaccine hopes
Wednesday, 15 July 2020 14:28 WIB European stocks opened higher Wednesday as investor hopes for a coronavirus vaccine rise. The latest developments surrounding a potential coronavirus vaccine are one of the main focuses for markets Wednesday. Biotech firm Moderna said Tuesday...

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.