Gold Scales Two-Week High as Coronavirus Hits Business
Tuesday, 18 February 2020 20:35 WIB |
PRECIOUS METALS |EMASGOLD
Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth.
Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20.
Gold is considered a hedge against risks from political and economic turmoil.
Apple's warning that its sales would fall short sent shockwaves across markets and knocked global equities off their recent record highs.
Source : Reuters
Monday, 30 March 2020 10:21 WIB
Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008.
Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic.
The Asian stock markets,...
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...
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...
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).
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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...