Gold futures end higher after record weekly U.S. jobless claims
Friday, 27 March 2020 00:50 WIB |
PRECIOUS METALS |EMAS
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 analyst at FXTM. "Gold is expected to ride higher on dollar weakness and fears over a global recession."
April gold rose $17.80, or 1.1%, to settle at $1,651.20 an ounce after losing about 1.7% Wednesday.
Saturday, 6 June 2020 01:18 WIB
Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold.
August gold lost $44.40, or 2.6%, t...
Friday, 5 June 2020 19:13 WIB
Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal.
August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session.
Meanwhile, July silver lost 24 cents, or 1.3%, at $17....
Friday, 5 June 2020 15:08 WIB
Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like stocks, at the metal's expense.
Spot gold was down 0.2% at $1,708.07 per ounce as of 07:00 GMT, while U.S....
Friday, 5 June 2020 12:54 WIB
Gold eased ahead of a highly awaited U.S. jobs report on Friday as markets pinned hopes on an economic recovery, putting the safe-haven metal on track for a third consecutive weekly decline.
Spot gold was down 0.2% at $1,706.91 per ounce as of 0324 GMT. U.S. gold futures slid 0.7% to $1,714.50.
Friday, 5 June 2020 01:29 WIB
Gold futures rose on Thursday, with prices posting their first gain in four sessions on the back of weakness in the U.S. stock market and the dollar, as investors digested policy actions by the European Central Bank.
Gold for August delivery on Comex tacked on $22.60, or 1.3%, to settle at $1,727.4...