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

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 banned all outgoing overseas group tours to avoid having travelers contribute to its spread.

President Xi Jinping's government is under pressure to combat the outbreak that shows little sign of slowing down, with more than a dozen countries and territories reporting the illness within their borders. While the return of risk aversion is supportive of haven assets like bullion, investors are also assessing the extent to which the virus may keep consumers away from shops, damping the usual pick up in gold purchases during the holiday period.

Spot gold traded 0.5% higher at $1,579.72 an ounce at 11:40 a.m. in Hong Kong. Silver rose 0.7% and platinum fell. Palladium dropped 1.7%, extending its pullback from a record high.

Source : Bloomberg

RELATED NEWS

Gold futures score gains for the session and week
Saturday, 15 February 2020 01:47 WIB

Gold futures climbed on Friday to tally a gain of roughly 0.8% for the week. Concerns surrounding COVID-19 and its impact on the global economy continued to feed haven demand for the precious metal. April gold rose $7.60, or 0.5%, to settle at $1,586.40 an ounce. That was the highest most-active co...

Gold Steady as Investors Gauge Coronavirus Economic Impact
Friday, 14 February 2020 18:34 WIB

Gold prices held steady on Friday after easing from a more than one-week high as investors assessed the risks to the global economy from the coronavirus epidemic. Spot gold was unchanged at $1,575.69 an ounce at 10:36 GMT, having earlier touched its highest since Feb. 4 at $1,577.89. For the week, ...

Gold Set to Notch Up Another Weekly Advance on Virus
Friday, 14 February 2020 15:19 WIB

Gold headed for a third weekly gain in four as mounting concerns over the impact of the coronavirus boosted demand for haven assets. Hubei, the Chinese province at the center of the outbreak, reported almost 5,000 new cases, a day after confirming nearly 15,000 following a revision to its methodolo...

Gold Prices Inch Down After Two Days of Gains
Friday, 14 February 2020 13:16 WIB

Gold prices inched down on Friday after two days of gains, but risk-averse sentiment in the market capped the safe-haven metal™s losses. Gold Futures for April delivery on New York™s COMEX inched down 0.1% to $1,577.95 by 12:59 AM ET (04:59 GMT). The yellow metal eased from an over one-week pea...

Gold Set for Weekly Advance on Mounting Virus Concern
Friday, 14 February 2020 09:35 WIB

Gold headed for the third weekly gain in four as mounting concerns over the impact of the coronavirus boosted demand for haven assets. Prices climbed as Asian stocks slipped after Hubei, the Chinese province at the center of the outbreak, reported more fatalities, bringing the nation...

POPULAR NEWS
Saturday, 15 February 2020 04:28
S&P 500 posts slim gain, helped by Nvidia boost
Saturday, 15 February 2020 01:47
Gold futures score gains for the session and week
ANOTHER NEWS
Tokyo Stocks Open Lower as Virus Worries Linger
Monday, 17 February 2020 07:37 WIB Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent...

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.