Gold Holds Decline as Investors Weigh Virus Impact
Wednesday, 29 January 2020 08:48 WIB | PRECIOUS METALS |SILVEREMASGOLD

Gold held a drop as investors weighed the threat from the deadly coronavirus after a rally overnight on Wall Street signaled reduced demand for haven assets.

In the U.S., the S&P 500 added 1% Tuesday as technology shares climbed and traders digested positive U.S. consumer confidence and home price data. Governments tightened international travel and border crossings with China to try to stop the spread of the outbreak that has sickened thousands.

More than 5,900 people have been infected in China, and at least 132 have died. There™s also concern that physical demand for gold jewelry may be hit as locals stay at home to avoid infection.

Spot gold +0.1% to $1,568.61/oz at 8:21am in Singapore; -0.9% Tuesday. Silver steady at $17.4735/oz after -3.5% Tuesday to the lowest in more than a month. Platinum little changed at $987.82/oz. Palladium +0.2% to $2,288.15/oz.

Source : Bloomberg

RELATED NEWS

Gold futures post a nearly 4% weekly gain
Saturday, 22 February 2020 02:08 WIB

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive offi...

Gold Hits New 7-Year High as Virus Prompts More Upgrades
Friday, 21 February 2020 20:18 WIB

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in...

Gold Pops as Virus Concerns Ignite Global Stampede Into Havens
Friday, 21 February 2020 16:59 WIB

The stars have aligned for gold as concerns the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary policy combine to trigger a powerful global hunt for havens. Bullion headed for the biggest weekly gain in more than six months as prices hit a seven-yea...

Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads
Friday, 21 February 2020 13:43 WIB

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156,...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the p...

ANOTHER NEWS
Hong Kong stocks sharply down at open
Monday, 24 February 2020 08:54 WIB Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite...

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.