Gold fell on Monday, pressured by a round of upbeat data on Chinese manufacturing activity, but prices finished above the session™s worst levels as weakness in the U.S. manufacturing index dulled appetite for stocks.
Gold for February delivery on Comex fell $3.50, or 0.2%, to settle at $1,469.20 an ounce after tapping lows under $1,460. March silver lost 14 cents, or 0.8%, at $16.966 an ounce.
In other metals trade, January platinum fell nearly 0.1% to $899.70 an ounce, while March palladium gained 0.8% to $1,824.70 an ounce.
March copper fell 0.4% to $2.6505 a pound.
Source: Marketwatch
RELATED NEWS
Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIBGold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal. Earlier ...
Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears
Wednesday, 1 April 2020 16:27 WIBGold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a s...
Gold Holds Biggest Drop in 2 Weeks on China Economy
Wednesday, 1 April 2020 09:28 WIBGold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the...
Gold Futures Fall Sharply for The Session, Climb for The Month
Wednesday, 1 April 2020 01:13 WIBGold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6...
Gold Heads Lower As Dollar Finds Support And Bond Yields Edge Up
Tuesday, 31 March 2020 20:18 WIBGold futures head lower Tuesday morning, putting the precious metal on track for a second drop in a row as government bond yields and the US. dollar rose, pressuring precious metals that have mostly gained in the month and quarter against the backdrop of the COVID-19 pandemic. June gold on Comex wa...
Gold Futures Settle Lower for a Second Session
Gold Futures Fall Sharply for The Session, Climb for The Month
Tokyo stocks fall more than 3 percent at open
Gold Rose As Virus-Led Growth Fears Spur Safety Buying
Hong Kong Stocks Close Lower (Review)
U.S. Factory Activity Contracts In March; Orders Tumble To 11-Year Low
Wednesday, 1 April 2020 21:30 WIB
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists' views that the economy was in recession.
The...