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, 11 July 2020 01:11 WIB
Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment.
August gold fell $1.90, or 0.1%, t...
Friday, 10 July 2020 20:28 WIB
Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook.
August gold was up $11.80, or 0.7%, at $1,815.60 an oun...
Friday, 10 July 2020 16:48 WIB
Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy.
Rising infections in the U.S. and Asia have supported havens like gold this week, even as the dollar ...
Friday, 10 July 2020 13:06 WIB
Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases.
The U.S. reported over 60,000 cases on Thursday, with Texas, Florida and California among the states with record numbers of new cases.
Gold futures were up by...
Friday, 10 July 2020 09:39 WIB
Gold held above $1,800 an ounce and headed for a fifth weekly advance as concerns about a resurgence in coronavirus cases bolstered demand for a haven.
The U.S. outbreak shows no signs of abating, with new daily cases topping 60,000 for the first time and record deaths in Florida and...