Gold Heads for Weekly Drop as Powell Speech Awaited
Friday, 23 August 2019 09:06 WIB | PRECIOUS METALS |GOLDEMAS

Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday, while mulling comments from other officials on monetary policy.

Three Fed policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action œunless we have to, foreshadowing a sharp debate with officials who want to cut again.

Meanwhile, gold bulls lost their majority for the first time in three weeks in a weekly Bloomberg survey of traders and analysts.

Spot gold little changed at $1,496.96/oz at 8:12am in Singapore; -1.1% this week to snap three straight weeks of gains.

Source : Bloomberg

RELATED NEWS

Gold futures give up earlier gains to log a third straight session decline
Friday, 28 February 2020 02:00 WIB

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at Bullion...

Gold Gains on Virus Spread, Rate Cut Hopes
Thursday, 27 February 2020 20:17 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices j...

Gold Gains on Virus Spread, Rate Cut Hopes; Palladium Surges to Record
Thursday, 27 February 2020 17:19 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce by 0836 G...

Gold Climbs as Trump Comments Fail to Ease Virus Fears
Thursday, 27 February 2020 08:39 WIB

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for ...

Gold futures finish lower for a second straight session
Thursday, 27 February 2020 01:58 WIB

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a ret...

ANOTHER NEWS
Hong Kong, Shanghai Stocks Enjoy Rare Upturn (Review)
Friday, 28 February 2020 04:20 WIB Hong Kong and Shanghai stocks ended higher Thursday as the spread of coronavirus shows signs of easing in China, with figures showing for the first time there were more infections reported outside the country than inside. The Hang Seng Index added...

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.