Gold Drops To Session Low, Reverses Friday's Positive Move
Monday, 2 December 2019 16:08 WIB | PRECIOUS METALS |EMASGOLD

Gold extended its steady intraday decline through the early European session on Monday and is currently placed near the lower end of its daily trading range, around the $1455 region.

A combination of negative forces failed to assist the precious metal to build on the previous session's goodish positive mood to one-week tops, rather prompted some fresh selling on the first day of a new trading week.

Positive economic data from China, showing an unexpected growth in the manufacturing activity in November, boosted the global risk sentiment and dented demand for the precious metal's perceived safe-haven status.

In fact, the official data released over the weekend showed that China's manufacturing PMI moved in the expansion territory for the first time since April and came in at 50.2 for November, up from 49.3 previous.

Adding to this, China's Caixin/Market PMI also bettered market expectations and edged higher to 51.8 from 51.7 reported last month and also played its part in weighing gold prices on the first day of a new week.

Source : Fxstreet

RELATED NEWS

Gold Futures Slip, Set to Take a Breather after Carving Out Fresh 9-Year Peak
Thursday, 9 July 2020 18:57 WIB

Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since September 2011, but silver and platinum futures were staging a sharp advance. Precious metals have mostly benefited from expectations for a lengthy period of g...

Gold Holds Near 2011 High on Virus Concerns, Dollar
Thursday, 9 July 2020 08:52 WIB

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, ...

Gold futures up a fourth straight session to mark another finish at the highest since 2011
Thursday, 9 July 2020 01:11 WIB

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, presid...

Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus
Wednesday, 8 July 2020 21:36 WIB

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. On Tuesday, the Federal Reserve's No. 2, Richard...

Gold Prices Extend Climb Above 9-Year High as Traders See Few Limits to Central-Bank Stimulus
Wednesday, 8 July 2020 19:11 WIB

Gold futures were extending their gains early Wednesday after their highest settlement in the previous session since September 2011, supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. On Tuesday, the Federal Re...

ANOTHER NEWS
Wall Street Gains As Investors Cheer Declining Jobless Claims
Thursday, 9 July 2020 20:51 WIB U.S. stocks opened higher on Thursday after data pointed to a declining trend in weekly jobless claims, with investors also weighing the risk of another business shutdown as U.S. COVID-19 cases soared. The Dow Jones Industrial Average rose 27.64...

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.