Gold edges lower, takes a breather after touching fresh 6-year peak
Thursday, 18 July 2019 19:52 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold futures were trading little changed on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor.

August gold trading on Comex edged $1.20, or 0.1%, at $1,422 an ounce, after it jumped $12.10, or 0.9%, on Wednesday, notching its highest finish for a most active contract since May 14, 2013, FactSet data show. Prices took a leg slightly higher before pulling back in Asia hours in electronic trading shortly after the Beige Book, showed that trade U.S.-China tensions were continuing to buffet businesses in the Federal Reserve™s districts.

On Thursday, the U.S. dollar was little changed at 0.2%, at 97.192, while the 10-year Treasury note fell to yield 2.05%, but not far from its Wednesday level. Those dealings represent a moderation of an environment that had been upbeat for strong price gains because fading bond yields and a weaker dollar tend to encourage bids for bullion.

Source : MarketWatch

RELATED NEWS

Gold Steady Amid U.S.-China Tension Before Fed Minutes
Wednesday, 20 November 2019 09:56 WIB

Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve meeting later Wednesday. The U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a...

Gold Holds Steady As Trump Warns China on Trade Deal
Wednesday, 20 November 2019 03:42 WIB

President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever. As hedge to the world™s financial and political woes, the yellow metal has been recovering from last week™s battering on suggestions over the past two days that China m...

Gold Slips as Fresh Hopes For US-China Deal Boosts Equities
Tuesday, 19 November 2019 19:47 WIB

Gold fell on Tuesday, erasing gains from earlier in the session, as a temporary reprieve from Washington for China™s Huawei rekindled optimism for a trade deal between the countries and boosted risk sentiment. Spot gold was down 0.4% to $1,465.44 per ounce, reversing course from the Asian trading...

Gold holds steady amid lingering doubts over US-China trade deal
Tuesday, 19 November 2019 13:14 WIB

Gold held steady on Tuesday after hitting its highest in over one-and-a-half weeks, propped up by doubts about a trade deal between the United States and China. Spot gold was little changed at $1,470 per ounce as of 04:44 GMT. It had hit the highest level since Nov. 7 at $1,475.40. U.S. gold future...

Gold Holds Gain on Trade Doubts, Powell-Trump Meeting
Tuesday, 19 November 2019 09:27 WIB

Gold held an advance as investors continued to await signs of progress in U.S.-China trade negotiations amid lingering doubts that a first-phase deal will be pushed through to a successful conclusion. Bullion rose on Monday as traders weighed a move by the U.S. to allow some American...

ANOTHER NEWS
China stocks close lower as concerns over trade talks with U.S. resurface
Wednesday, 20 November 2019 14:47 WIB China stocks softened on Wednesday, amid renewed worries that trade talks between the world's two biggest economies could hit a snag, after Beijing condemned a U.S. Senate measure backing anti-government protesters in the Asian financial hub. 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.