Gold Steady as Investors Await Brexit Clarity, Fed Meeting
Thursday, 24 October 2019 08:52 WIB |
PRECIOUS METALS |EMASGOLD
Gold held ground above $1,490 per ounce on Thursday as investors awaited clarity on Brexit after the European Union delayed a decision on granting an extension to Britain, and the U.S. central bank policy meeting for clues on the interest rate trajectory.
Spot gold was unchanged at $1,491.83 per ounce as of 01:29 GMT. U.S. gold futures was flat at $1,494.60 per ounce.
EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension, while Prime Minister Boris Johnson said if the deadline is deferred to the end of January he would call an election by Christmas.
Meanwhile, Federal fund futures imply that traders see a 91.4% chance for a 25 basis point rate cut by the U.S. central bank in its month-end monetary policy meeting.
Source : Reuters
Saturday, 16 November 2019 02:01 WIB
Gold futures declined on Friday, as optimism that phase one of a U.S.-China trade deal will soon be reached, and strength in the U.S. stock market dulled haven demand for the metal.
For the week, however, gold tacked on 0.4%. "Despite this recent bout of counterintuitive losses, gold looks strong b...
Friday, 15 November 2019 21:14 WIB
Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a œphase one trade deal between the U.S. and China robbed the metal of its haven appeal.
Gold for December delivery on Comex was off $5.30, or 0.4%, at $1,468.10 an ounce, while December silver declined...
Friday, 15 November 2019 09:31 WIB
Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China.
Spot gold as much as -0.3% to $1,466.90/oz and traded at $1,468.50 at 9:56am in Singapore; +0.6% this week.
Bloomberg Dollar Spot Index&nb...
Friday, 15 November 2019 02:06 WIB
Gold futures settled higher on Thursday, building on gains from a day earlier as weakness in U.S. benchmark stock indexes and a drop in yields on government debt raised the precious metal™s investment appeal.
Gold concluded Thursday "on a positive note amid market caution and general risk aversio...
Thursday, 14 November 2019 21:02 WIB
Gold futures were modestly higher Thursday, finding support as yields on government debt continue to fall, lowering the opportunity cost of holding the metal.
Gold for December delivery on Comex, rose $7.20, or 0.5%, to $1,470.50 an ounce, a day after snapping a four-day losing streak and reboundin...