Monday, 19 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Settles Higher Ahead Of Broadly Expected Fed Rate Hike This Week
Tuesday, 25 September 2018 03:13 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures settled higher on Monday, recouping some of their recent loss as investors awaited what™s widely expected to be the Federal Reserve™s third interest-rate hike of 2018 this week ” a well-telegraphed move to markets.

December gold rose $3.10, or 0.3%, to settle at $1,204.40 an ounce. It settled Friday at $1,201.30, its lowest level in a week even as it ended little changed in price for all of last week.

Gold found support as the dollar index tilted slightly lower on Monday. The dollar and gold, which is chiefly priced in the U.S. currency, tend to move inversely. Gold prices based on the most-active contracts have declined by 8% so far in 2018 as the dollar index is up about 2.2% for the year to date, a divergent move driven in large part by the Fed tightening U.S. monetary policy more aggressively than the rest of the developed world.

Source : Market Watch

RELATED NEWS
Gold prices dip as equities gain, dollar strengthens...
Monday, 19 August 2019 15:42 WIB

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold...

Gold Drops 2nd Day on Rising Stocks, Trade Comments...
Monday, 19 August 2019 09:39 WIB

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures M...

Gold Futures Settle Lower, Post a Third Straight Weekly Gain...
Saturday, 17 August 2019 01:26 WIB

Gold futures fell on Friday, but posted a gain for the week--their third in row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in th...

Gold pulls back from more-than-6-year high...
Friday, 16 August 2019 20:04 WIB

Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce...

Gold Futures Head For Longest Winning Run Since 2016...
Friday, 16 August 2019 15:16 WIB

Gold futures are poised for a sixth weekly advance, the best streak in more than three years, on heightened trade uncertainty and concerns about slowing global growth. China called loo...

LATEST NEWS
Oil rises after drone attack on Saudi field

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, however, capped to some degree by an unusually...

Trump Economic Adviser Dismisses Fears of Looming Recession

President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019. Larry Kudlow said in Sunday...

US futures point to higher open

U.S. stock index futures point to a higher open on Monday morning. At around 04:39 a.m. ET, Dow futures rose 198 points, indicating a positive open of more than 224.99 points. Futures on the S&P and Nasdaq were both also higher. Wall Street...

POPULAR NEWS
Gold Futures Settle Lower, Post a Third Straight Weekly Gain
Saturday, 17 August 2019 01:26 WIB

Gold futures fell on Friday, but posted a gain for the week--their third in row. "Drivers for gold have included global growth in negative interest...

Gold pulls back from more-than-6-year high
Friday, 16 August 2019 20:04 WIB

Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery...

Gold Drops 2nd Day on Rising Stocks, Trade Comments
Monday, 19 August 2019 09:39 WIB

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with...

Dow climbs 200 points at open but U.S. stock market set to book weekly loss amid recession jitters
Friday, 16 August 2019 20:54 WIB

Stocks opened higher Friday but Wall Street was still on track for weekly losses, as U.S. Treasury yields recovered from multiyear low and investors...