Gold scores biggest weekly gain since 2008
Saturday, 28 March 2020 01:29 WIB |
PRECIOUS METALS |EMAS
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 settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet.
May silver dropped 14.2 cents, or 1.%, to $14.534 an ounce, for a weekly climb of more than 17% ” the largest weekly rise since April 1987.
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...