Palladium Hits Fresh High as Rally Seen Stretching On; Gold Little Changed
Tuesday, 15 October 2019 17:12 WIB | PRECIOUS METALS |PalladiumEMASGOLD

Spot palladium rose to yet another record as delegates at a key industry conference predicted prices will extend their rally into 2020.

Spot palladium gained for a second day, rising as much as 0.8% to a fresh record of $1,727.73/oz. Other precious metals were mostly little changed, with spot gold at $1,494.93/oz by 10:28am in London. Bloomberg Dollar Spot Index little changed.

The metal used mainly by the automotive industry has rallied 60% in the past 12 months amid tight supplies. The latest jump pushed the 14-day relative strength index to 70, a signal for some traders that an asset may be overbought.

Source : Bloomberg

RELATED NEWS

Gold futures give back most of their gain from a day earlier
Wednesday, 26 February 2020 01:51 WIB

Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower give...

Gold Eases From 7-Year High, But Virus Fears Limit Losses
Tuesday, 25 February 2020 19:02 WIB

Gold prices fell on Tuesday as investors booked profits after the metal surged to a more than seven-year high in the previous session and as equities regained some footing, but a spike in coronavirus cases outside China capped bullion™s losses. Spot gold slipped 0.7% to $1,649.70 per ounce by 084...

Gold Sags as Investors Choose Risk Again After Virus-Driven Jump
Tuesday, 25 February 2020 15:42 WIB

Gold took a step back from its blistering rally driven by the coronavirus crisis even as more companies issued cautions about the outlook, bets accumulated on the prospects for U.S. interest rate cuts over 2020, and further signs of the disease™s spread emerged. Bullion eased from ...

Gold Drops From 7-Year High as Equity Sell-Off Eases
Tuesday, 25 February 2020 10:18 WIB

Gold retreated from the highest level since 2013 as a sell-off in global stocks eased in Asia Tuesday, while authorities around the world moved to keep the coronavirus from spreading. Spot gold as much as -1% to $1,642.93/oz, before paring declines to $1,655.72 at 10:24am in Singapore. Me...

Gold futures climb by nearly 2% to highest finish since Feb. 2013
Tuesday, 25 February 2020 01:55 WIB

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further monetary easing among global central banks in response to the virus's economic impact continued to provide support for haven gold, analysts said. April ...

ANOTHER NEWS
Oil falls 3% to settle under $50 for first time in 2 weeks
Wednesday, 26 February 2020 02:53 WIB Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other...

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.