Gold Prices Rise as U.S. Fed Unleashes Unprecedented Measures
Tuesday, 24 March 2020 09:28 WIB | PRECIOUS METALS |EMASGOLD

Gold prices in Asia rose Tuesday morning, staying firmly above the $1,5000 mark as the U.S. Federal Reserve announced further steps to combat the COVID-19 pandemic.

Gold Futures were up 1.7% to $1,594.20 by 9:32 PM ET (1:32 AM GMT) as the Fed announced unprecedented measures to buy unlimited amounts of Treasury bonds and mortgage-backed securities. 

The measures keep borrowing costs at low levels and gives the yellow metal, which pays no interest, a boost.

The Fed also pledged to finance households, small businesses and employers as the U.S. Senate failed to pass a stimulus package worth over $1 trillion on Monday afternoon.

Source : Investing.com

RELATED NEWS

Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week
Saturday, 4 April 2020 01:25 WIB

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrain...

Gold Bounces Around As Investors Key In On Friday Jobs Report
Friday, 3 April 2020 20:04 WIB

Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesn™t entirely reveal the extent of the damage of coronavirus business shutdowns. Friday™s nonfarm...

Gold Eases on Firm Dollar, But Holds Tight Range Ahead of US Data
Friday, 3 April 2020 17:39 WIB

Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus. Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined...

Gold slips on firm dollar, poor U.S. data limits losses
Friday, 3 April 2020 09:44 WIB

Gold inched down on Friday after rising 1.4% in the previous session as the U.S. dollar firmed, but record high weekly U.S. jobless claims filings kept a check on bullion™s downside. Spot gold eased 0.1% to $1,610.64 per ounce by 0037 GMT. U.S. gold futures slipped 0.1% to $1,635.50. The metal w...

Gold Futures End Higher as Weekly Jobless Claims Climb to Record
Friday, 3 April 2020 01:29 WIB

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million. The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. T...

ANOTHER NEWS
Hong Kong Stocks Head Into Weekend With a Loss (Review)
Saturday, 4 April 2020 03:25 WIB Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index...

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.