Gold logs sharpest drop in about 3 weeks
Friday, 26 July 2019 01:29 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold futures settled sharply lower Thursday, reversing a morning climb, after the European Central Bank's decision to signal its plan to ease monetary policy disappointed investors by not including immediate action or details of its likly efforts.

The ECB said it stood ready to cut interest rates and deliver œhighly accommodative monetary policy, including additional asset purchases, in its effort to push stubbornly low inflation back toward its target amid signs of deteriorating economic conditions in the eurozone.

August gold on Comex lost $8.90, or 0.6%, to finish at $1,414.70 an ounce, on marking its sharpest slide since July 5 when the most-active contract fell $20.80, or 1.5%, according to FactSet data.

In other metals dealings, September silver shed 21.5 cents, or 1.3%, to settle at $16.411 an ounce, marking its sharpest daily slump since July 5, a day after tallying its eighth gain in nine sessions.

Source : MarketWatch

RELATED NEWS

Gold Steadies With Fed and Tariffs in Focus This Week
Monday, 9 December 2019 18:01 WIB

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings. Spot gold edged 0.2% higher to $1,463.50/oz by 10:41am in London after dropping 1.1% on Friday. Spot silver also little changed at $16.6085/oz after falling 2.3% in the previous se...

Gold Prices Near Flat; Fed Meeting, Trade News Eyed
Monday, 9 December 2019 13:45 WIB

Gold prices stayed near flat on Monday in Asia as traders awaited the U.S. Federal Reserve meeting later this week and updates on the Sino-U.S. trade developments. U.S. Gold Futures were little changed at $1,464.85 by 1:10 AM ET (05:10 GMT). The yellow metal suffered a steep drop on Friday followi...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets. Job gains roared back in November and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight c...

Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the ec...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected
Friday, 6 December 2019 21:04 WIB

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a...

ANOTHER NEWS
U.S. Futures Edge Lower With Stocks as Bonds Climb
Monday, 9 December 2019 18:50 WIB U.S. equity futures edged down alongside European stocks as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries and most government bonds...

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.