Gold Sags Again With Havens Taking Back Seat Before Trade Deal
Tuesday, 14 January 2020 16:08 WIB | PRECIOUS METALS |EMASGOLD

Gold sagged again as the soon-to-be signed Sino-American trade deal, release of decent monthly economic figures from China, and steady easing of tensions in the Middle East all combined to undermine the case for havens just as U.S. equities romped to records.

Bullion fell after the U.S. lifted its designation of China as a currency cheat, saying the nation has made œenforceable commitments not to devalue and has agreed to publish exchange-rate information. That sets the scene for Wednesday™s high-level trade pact signing.

The rapid reversal in investing sentiment in recent days means that gold prices that had burst above $1,600 an ounce last week as the U.S.-Iranian standoffreached a crescendo, are now back in the $1,540s. The shift has been reflected in an outflow of holdings from exchange-traded funds, which shrank more than 20 tons over the four sessions to Monday.

Spot gold declined as much as 0.8% to $1,536 an ounce, losing ground for the fourth time in the past five sessions, and traded at $1,541.98 at 7:40 a.m. in London. Silver slumped as much as 1.5%, while platinum and palladium also fell. The latter hit a record $2,148.81 an ounce last week.

Source : Bloomberg

RELATED NEWS

Gold Climbs to 2-Week High as Virus Fears Spark Safety Buying
Monday, 27 January 2020 18:31 WIB

Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation™s economy, prompting investors to drop riskier assets and look for safe havens. Spot gold climbed 0.5% to $1,577.93 per ounce by 0743 GMT...

Safe Havens Shine as Spreading Virus Spurs Rush to Buy Gold
Monday, 27 January 2020 13:01 WIB

Gold jumped as the spread of the coronavirus globally spurred demand for haven assets. Prices rose as much as 1.1% as risk-off sentiment swept markets, with equitiestumbling and Treasures gaining. In the latest attempt at containment, China extended the week-long Lunar New Year holiday and ban...

Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears
Monday, 27 January 2020 07:53 WIB

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impac...

Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%. China has moved to res...

Gold Edges Lower as Traders Assess China Virus Outbreak
Friday, 24 January 2020 21:30 WIB

Gold edged lower Friday as traders assessed the severity of a viral outbreak originating out of China a day after the World Health Organization said it was too early to declare a global emergency. Gold for February delivery on Comex fell $5.10, or 0.3%, to $1,560.30 an ounce, while March silver was...

ANOTHER NEWS
Gold Climbs to 2-Week High as Virus Fears Spark Safety Buying
Monday, 27 January 2020 18:31 WIB Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation™s economy, prompting investors to drop riskier assets and look for safe havens. Spot...

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.