Gold Near Six-Year High on Growing Global Anxiety
Tuesday, 13 August 2019 15:46 WIB |
PRECIOUS METALS |GOLDEMASSILVER
Gold traded near the highest since 2013 and silver touched its highest in more than a year as investors sought havens amid an increasingly fraught backdrop of geopolitical tensions and fears for economic growth.
The rate on 30-year Treasury bonds approached an all-time low and a key part of the U.S. yield curve moved toward inversion, underscoring a general risk-off bias. Political unrest in Hong Kong and Argentina is adding to an already fragile mood across markets that™s prompted growing investor flows into gold.
Gold +0.3% at $1,515.77 an ounce at 6:12am in London, prices touched $1,520.04 on Monday, the highest since April 2013.
Silver rose as much as +1.8% to $17.3670, the highest intraday level since Feb. 2018.
Source : Bloomberg
Saturday, 17 August 2019 01:26 WIB
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Friday, 16 August 2019 20:04 WIB
Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain.
Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce, while September silver was off 6.4 cents, or 0.4%, to $17.15 an ounce.
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Friday, 16 August 2019 15:16 WIB
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Friday, 16 August 2019 13:02 WIB
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Friday, 16 August 2019 09:06 WIB
Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty.
Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT.
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