Gold pulls back as stocks rise and ECB maintains stimulus plan
Thursday, 24 October 2019 19:26 WIB | PRECIOUS METALS |SILVEREMASGOLD

 

Gold prices slipped on Thursday as global stocks traded higher on better-than-expected quarterly results in the final policy update from ECB President Mario Draghi.

December gold on Comex slipped $2.30, or 0.2%, at $1,493.40 an ounce, after posting a 0.6% gain.

Silver for December deliver meanwhile, shed 2 cents, or 0.1%, to reach $17.5 an ounce, following a gain of 0.5% on Wednesday.

In the final meeting with Draghi at the helm, the European Central Bank left its main deposit facility rate at negative 0.5% and its main lending rate at 0%. The rate-setting Governing Council repeated that it expects to keep rates at œpresent or lower levels until inflation, which has remained stubbornly low, œrobustly converges with its target of near but just below 2%. It also reiterated that it will begin a controversial bond-buying program at a pace of 20 billion euros a month beginning in November.

In other metals trade, January platinum gained $2.90, or 0.3%, at $925.30 an ounce, adding to its 3% gain on Wednesday, while December palladium  jumped 1.1% to $1,732.30 an ounce, following its own gain a day ago.

Source : MarketWacth

RELATED NEWS

Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade
Saturday, 14 December 2019 02:21 WIB

Gold prices climbed Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out news that China has agreed to the text of a phase one trade deal with United States. Against that backdrop, February gold rose $3.70, or 0.3%, at $1,476 an ounce, set to more tha...

Gold Steady as Weaker Dollar Offsets Increased Risk Appetite
Friday, 13 December 2019 18:40 WIB

Gold prices were steady on Friday as a weaker dollar helped offset pressures from an increased appetite for riskier assets following reports of a breakthrough in China-U.S. trade negotiations, while palladium scaled a fresh peak. Spot gold fell 0.1% to $1,467.20 per ounce by 0452 GMT, but was up ab...

Gold Fails to Crumble as Trade Deal Hit Meets Dollar's Decline
Friday, 13 December 2019 15:19 WIB

Gold held its own on Friday as investors weighed bullion™s merits heading into 2020 after the U.S. and China managed a breakthrough in their bitter and drawn out trade dispute, with the commodity™s initial losses driven by weaker haven demand offset by a slump in the dollar. Bullion fluctu...

Gold Prices Slip on News of Phase One Trade News; U.K. Election in Focus
Friday, 13 December 2019 12:59 WIB

Gold prices are modestly down on Friday in Asia after reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China. U.S. Gold Futures slipped 0.1% to $1,471.85 by 12:45 PM ET (04:45 GMT). The written text of the phase one agreement is still being fin...

Gold Extends Decline After Trade Breakthrough, U.K. Election
Friday, 13 December 2019 07:42 WIB

Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in e...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

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.