Thursday, 2 April 2020 20:21 WIB |
PRECIOUS METALS |EMASGOLD
Gold futures gained ground Thursday, adding to an advance after another large jump in first-time jobless claims.
Gold for June delivery on Comex rose $29, or 1.8%, to $1,620.40 an ounce, while May silver advanced 55.1 cents, or 3.9%, to $14.535 an ounce.
Gold added to gains as stock-index futures trimmed an earlier rise in the wake of data that showed the number of first-time claims rose by 6.6 million. That™s on top of a 3.8 million rise a week earlier. Prior to the coronavirus crisis, the largest-ever rise in first-time claims was less than 700,000.
While gold appeared to find some haven appeal on Thursday, the metal has seen a mixed performance as the COVID-19 pandemic takes a toll on global economic growth and sends shockwaves through financial markets.
Source : Market Watch