Saturday, 19 January 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold eases as dollar rallies on hawkish Fed
Friday, 9 November 2018 18:14 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold dipped on Friday, on track for its biggest weekly fall since August, as the dollar rose towards 16-month highs after U.S. Federal Reserve stuck to its tight monetary stance and looked set to deliver another rate hike in December.

Spot gold was 0.3 percent lower at $1,219.5 per ounce at 1028 GMT, having touched its lowest since Nov. 1 at $1,217.20.

Gold is down 1 percent for the week so far, which would be its biggest decline since the week of Aug. 17.

U.S. gold futures fell 0.4 percent to $1,220.3 per ounce.

Spot gold touched a peak of $1,243.32 on Oct. 26, its highest since mid-July.

The dollar firmed towards a 16-month high underpinned by a robust U.S. economy and rising interest rate environment, making bullion more expensive for holders of other currencies.

Rate increases also pressure gold prices by increasing the opportunity cost of holding non-yielding bullion.

The Fed held interest rates steady on Thursday, having hiked rates three times this year but remained on track to keep gradually tightening borrowing costs, even one in December because of U.S. economic strength, rising inflation and solid jobs growth.

Source: Reuters

RELATED NEWS
Gold Futures Suffer First Weekly Decline Since Mid-December...
Saturday, 19 January 2019 02:09 WIB

Emas berjangka jatuh pada hari Jumat, menderita penurunan mingguan pertama mereka sejak pertengahan Desember karena optimisme seputar sengketa perdagangan AS-Tiongkok berkontribusi pada kenaikan di pa...

Gold, Silver Prices Sell Off Amid Keener Risk Appetite...
Friday, 18 January 2019 20:44 WIB

Harga emas dan perak bergerak lebih rendah dan menuju penutupan terendah mingguan yang secara teknis bearish pada awal perdagangan AS hari Jumat. Pedagang dan investor memperlihatkan sangat sedikit pe...

Gold Holds Drop as Investors Weigh Trade Developments...
Friday, 18 January 2019 14:13 WIB

Emas menahan penurunan di tengah optimisme untuk kemajuan dalam pembicaraan perdagangan AS-China yang mendorong ekuitas di Asia pada Jumat dan imbal hasil Treasury semalam. Palladium diperdagangkan di...

Gold Holds Drop as Investors Weigh Trade Developments...
Friday, 18 January 2019 09:18 WIB

Emas menahan penurunan di tengah optimisme untuk kemajuan dalam pembicaraan perdagangan AS-China yang mendorong ekuitas AS dan imbal hasil Treasury semalam. Palladium diperdagangkan di atas $ 1.400 pe...

Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive...
Friday, 18 January 2019 02:13 WIB

Emas berjangka melemah pada hari Kamis dari level tertingginya hampir dua minggu yang mereka selesaikan pada hari sebelumnya, karena garis psikologis penting $ 1.300 tetap sulit untuk sesi lain. Emas...

LATEST NEWS
Hong Kong, Shanghai Stocks End Week With Gains

Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese tariffs in a bid to hammer out a trade deal between the world's top two economies. The Hang Seng...

Dow Logs 300-Point Gain as Stocks String Together Four-Day Winning Streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500...

U.S. Oil Prices Finish Higher, Lift Weekly Gain to More Than 4%

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes Friday also...

POPULAR NEWS
Gold Rises as Brexit Turmoil Eclipses Jump in Equities
Thursday, 17 January 2019 03:59 WIB

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal...

Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive
Friday, 18 January 2019 02:13 WIB

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line...

Gold slips from 2-week high as $1,300 proves to be a near-term barrier
Thursday, 17 January 2019 20:23 WIB

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session....

Gold pauses as investors wave off geopolitical worries, snap up stocks
Wednesday, 16 January 2019 21:17 WIB

Gold futures struggled for direction Wednesday as investors waved off turmoil surrounding the U.K.'s plan to leave the European Union and continued...