Gold's Push Toward $1,500 Gets Interrupted After PBOC Yuan Moves
Tuesday, 6 August 2019 10:09 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold has emerged as one of the go-to assets for investors seeking havens as the U.S.-China trade war escalates and growth slows, although its ascent toward $1,500 an ounce suffered a small setback on Tuesday after the People's Bank of China set a stronger currency fixing.

Bullion initially hit a six-year high as the Trump administration formally labeled China a currency manipulator, underscoring the rapidly deteriorating relationship between the two largest economies. The gain was then rolled back after the PBOC set the fixing stronger than the key level of 7.

Spot gold advanced as much as 0.8% to $1,474.93 an ounce, the highest level since May 2013, and was little changed at $1,466.32 at 10:44 a.m. in Singapore. Futures followed a similar arc on the Comex, rising to an intraday peak of $1,486.80 an ounce before giving up the bulk of that climb.

In other precious metals, silver was 0.2% stronger, platinum was flat, and palladium rose 0.4%.

Source : Bloomberg

RELATED NEWS

Gold Gains As ETF Holdings Inch Closer to Record
Tuesday, 22 October 2019 15:56 WIB

Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012. Gold ETFs expanded for a third day Monday, extending this year's increase to 16%. Central banks including Turkey and Germany...

Gold Prices Steady as U.S.-China Trade optimism Sparks Market Cheer
Tuesday, 22 October 2019 13:57 WIB

Gold was largely muted on Tuesday, weighed down by buoyant Asian shares that cheered progress in trade talks between the United States and China, but found support from a lack of clarity in the negotiation details. Spot gold was largely unchanged at $1,484.86 per ounce as of 06:32 GMT. U.S. gold fu...

Gold Eases as Trade-Deal Hopes Lift Risk Mood
Tuesday, 22 October 2019 08:28 WIB

Gold prices eased on Tuesday as reports that trade talks between Washington and Beijing were making progress cheered markets, but a dearth of concrete signs kept investors on the edge. Spot gold was down 0.1% at $1,482.41 per ounce, as of 00:38 GMT. U.S. gold futures dropped 0.2% to $1,485.80. U.S...

Silver Prices Finish Higher as Gold Posts Back-to-Back Declines
Tuesday, 22 October 2019 01:46 WIB

Silver futures finished higher on Monday, taking advantage of a rise in appetite for riskier assets while gold posted back-to-back declines as traders kept watch on Britain™s circuitous effort to leave the European Union and awaited developments in the U.S.-China trade fight. December silver rose...

Silver prices rally 1.6% -- leaving gold in the dust
Monday, 21 October 2019 20:36 WIB

Silver futures rallied Monday, taking advantage of a rise in appetite for riskier assets while gold edged slightly higher as traders kept watch on Britain's circuitous effort to leave the European Union and awaited developments in the U.S.-China trade fight. December silver jumped 28 cents, or 1.6%...

POPULAR NEWS
Monday, 21 October 2019 12:31
Gold Prices Inch Down Despite Brexit Worries
Monday, 21 October 2019 15:47
US futures point to slightly higher open
ANOTHER NEWS
Gold Gains As ETF Holdings Inch Closer to Record
Tuesday, 22 October 2019 15:56 WIB Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012. Gold ETFs expanded for a third day Monday, extending this year's...

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.