Gold Muted Amid Concerns of Stock Market Sell-off
Tuesday, 30 June 2020 15:12 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices are largely unchanged for a second day as traders seem cautious.
Concerns that stocks may drop sharply and drive profit-taking in gold, as they did on Friday, could be weighing on traders' minds, says Jeffrey Halley, market analyst at OANDA.
New York futures are hovering around $1,780 a troy ounce and are last up 0.3% at $1,787.10 an ounce. "Gold traders appear to be content to await further developments from the side-lines," says Halley. Recent stock sell-offs have hit gold as investors have sold profitable positions in the precious metal to cover losses elsewhere and fear of that happening again could be keeping gold's advance in check, says Halley.
Source : Bloomberg
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...
Friday, 10 July 2020 01:31 WIB
Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed weekly U.S. jobless claims remained well above one million.
August gold fell $16.80, or 0.9%, to set...
Thursday, 9 July 2020 18:57 WIB
Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since September 2011, but silver and platinum futures were staging a sharp advance.
Precious metals have mostly benefited from expectations for a lengthy period of g...