Gold down as potential Japanese stimulus boosts risk appetite
Monday, 25 May 2020 12:17 WIB | PRECIOUS METALS |GOLDEMAS

Gold declined on Monday as Japanese equities rose on news of a potential stimulus programme that boosted investors' risk appetite, though fresh tensions over Hong Kong limited the metal's fall.

Spot gold fell 0.4% to $1,728.06 per ounce by 02:52 GMT. U.S. gold futures were down 0.4% at 1,728.50.

Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains.

Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said.

Japan's Nikkei jumped 1.5% following the report.

Highlighting a return of political uncertainty, thousands rallied on Sunday to protest against Beijing's plan to impose national security laws on Hong Kong.            

The proposed national security legislation for Hong Kong could lead to U.S. sanctions and threaten the city's status as a financial hub, White House National Security Adviser Robert O'Brien said on Sunday.            

Gold is seen as a safe-haven asset during political and economic uncertainties.

Reflecting investor sentiment, SPDR Gold Trust holdings, the world's largest gold-backed exchange-traded fund, rose 0.4% to 1,116.71 tonnes on Friday.    

Source: Reuters

RELATED NEWS

Gold futures log highest finish since September 2011
Wednesday, 8 July 2020 01:13 WIB

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a "routine downside correction following recent gains" in early Tuesday action, that was "once again seen as a value-buying opportunity in the yellow met...

Gold Retreats from Multi-Year Peak as Dollar Rebounds
Tuesday, 7 July 2020 19:13 WIB

Gold fell on Tuesday in the face of competition from safe haven inflows into the dollar as COVID-19 cases increased globally and investors booked profits following bullion's rally to a near eight-year peak. Spot gold fell 0.4% to $1,776.43 per ounce. It earlier touched a high of $1,786.91, $2.05 sh...

Gold Edges Lower in Tight Range as Dollar Rises
Tuesday, 7 July 2020 16:35 WIB

Gold slipped Tuesday as the dollar advanced, but remains trapped in this month™s narrow trading range near its highest since 2012. While a slew of economic reports since last week added to risk-on sentiment, the resurgence in coronavirus cases from Australia to the Americas limited...

Gold Holds Gain Amid Virus Resurgence, Weaker Dollar
Tuesday, 7 July 2020 13:25 WIB

Gold held near the highest level in more than seven years on demand for haven assets amid the resurgence in coronavirus cases in some parts of the world, while the dollar steadied after falling for five days. Spot gold little changed at $1,785.11/oz at 12:26pm in Singapore; +0.5% on Monda...

Gold Holds Gain Amid Virus Resurgence, Weaker Dollar
Tuesday, 7 July 2020 08:35 WIB

Gold held near the highest level in more than seven years on demand for haven assets amid the resurgence in coronavirus cases in some parts of the world, while the U.S. dollar slipped. The pace of new infections in Tokyo, Iran and elsewhere is raising concerns about a fresh wave. Aus...

ANOTHER NEWS
Wall Street ends lower after strong recent rally as COVID cases mount
Wednesday, 8 July 2020 03:19 WIB U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new...

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.