Gold Gains on Yemen Attacks, China Lunar New Year Buying
Monday, 20 January 2020 17:44 WIB | PRECIOUS METALS |EMASGOLD

Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal™s safe-haven appeal, while buying ahead of the Chinese New Year also lent support.

Spot gold was up 0.3% at $1,560.89 per ounce by 0726 GMT, after touching its highest since Jan. 10 at $1,562.51 earlier in the session. U.S. gold futures were flat at $1,560.50.

œChinese New Year is in front of us and some buying has emerged because of that, Ajay Kedia, director at Kedia Advisory in Mumbai, said.

Iran-aligned Houthis attacked a military training camp in the Yemeni city of Marib on Saturday, killing dozens of people.

Gold is considered a safe investment in times of political and economic uncertainty.

Source : Reuters

RELATED NEWS

Gold scores biggest weekly gain since 2008
Saturday, 28 March 2020 01:29 WIB

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settl...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008
Friday, 27 March 2020 20:18 WIB

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May s...

Gold Prices Drops from Two-Week Highs to Stay Below $1,650 Level
Friday, 27 March 2020 13:58 WIB

Gold prices dropped on Friday in Asia as equities rebounded. Gold Futures for April delivery on the Comex exchange slid 0.7% to $1,640.05 by 12:55 AM ET (04:55 GMT). Despite the losses today, gold prices still traded sharply higher this week, gaining over 8% and heading for its biggest weekly gain...

Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years
Friday, 27 March 2020 10:16 WIB

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce...

Gold futures end higher after record weekly U.S. jobless claims
Friday, 27 March 2020 00:50 WIB

Gold futures finished higher on Thursday, as record weekly U.S. jobless claims pressured the dollar. Nearly 3.3 million Americans filed for unemployment benefits last week, "reflecting how badly the coronavirus is impacting the largest economy in the world," said Lukman Otunuga, senior market analy...

ANOTHER NEWS
Hong Kong Stocks Finish With Gains (review)
Saturday, 28 March 2020 03:16 WIB Hong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns. The Hang Seng Index added 0.56 percent, or 131.94 points,...

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.