Gold Futures End at 1-Week High as U.S. Dollar Dips on Dovish Remarks From Fed Chair Powell
Thursday, 11 July 2019 01:27 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures climbed sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from U.S. Federal Reserve Chairman Jerome Powell that were perceived as dovish.
In testimony to Congress, Powell said Wednesday that the U.S economy is suffering from trade policy uncertainties and slower global economic growth and he pledged again that the central bank would act as needed to support demand.
Against that backdrop, gold for August delivery on Comex rose $12, or 0.9%, to settle at $1,412.50 an ounce, settling at the highest for a most-active contract since July 3. September silver added 7.9 cents, or 0.5%, to $15.226 an ounce. Precious metals tend to draw buying in a low interest-rate climate.
Source : Marketwatch
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%, ...