Gold Advances as Powell's Comments Counter Inflation
Friday, 12 July 2019 16:47 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold headed for a weekly gain as investors weighed dovish comments by the Federal Reserve and fresh complaints from President Donald Trump about China's trade policy.

While strong U.S. inflation data Thursday offered a potential complication to the Fed ahead of its rate meeting later this month, Fed Chair Jerome Powell suggested there is room to ease monetary policy. Yields on 10-year Treasuries slipped from a one-month high and the dollar weakened.

Spot gold +0.3% to $1,407.51/oz in London, after -1.1% on Thursday. Prices head for +0.7% this week.

Source : Bloomberg

RELATED NEWS

Gold Prices Turn Lower on U.S.-Iran Talks, Strong Retail Sales Data
Wednesday, 17 July 2019 13:16 WIB

Gold prices fell on Wednesday in Asia on reports that the U.S. is set to begin talks with Iran. Retail sales gained 0.4% in June, outpacing consensus forecasts for a 0.1% advance. The data sparked buying interest in the U.S. dollar and pushed Treasury yields higher, which in turn put pressure on th...

Gold Holds Drop as U.S. Data Counter Powell Speech
Wednesday, 17 July 2019 09:25 WIB

Gold held a decline as better-than-projected U.S. data raised doubts over the Federal Reserve™s monetary policy path after an expected interest rate cut at the end of this month. U.S. retail sales and factory output in June exceeded expectations and underscored steady economic grow...

Gold prices end lower; silver rallies to highest finish since February
Wednesday, 17 July 2019 02:11 WIB

Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal. The upbeat retail sales number, however, also lifted prices for silver, brightening the metal™s industrial demand prospects. August gold trading on Comex fe...

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...

ANOTHER NEWS
UK CPI steadies at 2.0% y/y in June, meets estimates (GBP unmoved)
Wednesday, 17 July 2019 15:46 WIB The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations of a 2.0% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the...

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.