Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB | PRECIOUS METALS |EMASGOLD

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets.

Job gains roared back in November and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Payrolls jumped 266,000 last month, the most since January, according to a government report that topped all forecasts in a Bloomberg survey.

In focus this week are the Fed™s and the European Central Bank™s policy meetings, which may offer clues on whether more easing is in store in 2020. In addition, investors are awaiting signals from Washington and Beijing ahead of a Dec. 15 deadline, when more U.S. levies are set to kick in.

Spot gold little changed at $1,460.63/oz at 9:49am in Singapore; -1.1% on Friday. Prices remain +14% YTD. Silver little changed at $16.5526/oz after -2.3% on Friday.

Source : Bloomberg

RELATED NEWS

Gold futures finish at their highest in more than 2 weeks
Friday, 24 January 2020 01:53 WIB

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by gro...

Gold Dips on Profit-Taking, Rate Expectations Cap Losses
Thursday, 23 January 2020 19:30 WIB

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psych...

Gold Gains as Virus Concerns Weigh on Risk Appetite
Thursday, 23 January 2020 10:08 WIB

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a dec...

Gold finishes lower as worries over China virus ebb
Thursday, 23 January 2020 02:03 WIB

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to sett...

Gold Holds Steady On Central Bank Policy Expectations
Wednesday, 22 January 2020 21:13 WIB

Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar. Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50. Investors...

ANOTHER NEWS
BOE Rate Cut in Doubt Amid Signs of Post-Election Growth Bounce
Friday, 24 January 2020 16:43 WIB A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4...

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.