Friday, 19 April 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Prices Bounce Off 3-Week Low Amid Global Growth Woes
Tuesday, 22 January 2019 20:28 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold prices bounced off their lowest level in around three weeks on Tuesday, as worries about a global economic slowdown boosted appetite for safe haven assets.

Comex gold futures fell to an intraday low of $1,276.00 a troy ounce, the weakest since Dec. 28, before recovering to trade at $1,282.55 by 8:10AM ET (13:10 GMT).

Meanwhile, spot gold was trading at $1,283.07 per ounce, up $2.70, or almost 0.2%.

The International Monetary Fund on Monday trimmed its 2019 global growth forecast, citing a bigger-than-expected slowdown in China and the eurozone, and said failure to resolve trade tensions could further destabilize a slowing global economy.

The downgrade came just hours after China reported its slowest quarterly economic growth since the financial crisis and its weakest annual expansion since 1990.

The news prompted investors to shun riskier assets, such as stocks, and flock to traditional safe haven assets like bullion.

Gains were limited however by a rising U.S. dollar, which held near a three-week high against a basket of major currencies.

A stronger dollar can be a negative for commodities priced in the currency, making them more expensive to users of other currencies.

Source: Investing

RELATED NEWS
Gold futures end at lowest since December, down 1.5% for the week...
Friday, 19 April 2019 01:29 WIB

Emas berjangka membukukan penurunan moderat pada hari Kamis, kehilangan 1,5% untuk minggu ini. "Penguatan dolar AS, meningkat tidak hanya oleh data ekonomi tetapi rilis laporan Mueller akan menjaga em...

Gold Tips Higher as Stocks Ease, But Hovers Near 2019 Low...
Thursday, 18 April 2019 19:07 WIB

Emas berjangka bergerak lebih tinggi pada hari Kamis, mencerminkan upaya investor bullish untuk menghentikan penurunan minggu ini - sebuah langkah yang mendorong logam ke posisi terendah 2019 - di tig...

Gold Heads for 4th Weekly Drop as Trade Deal in Sight...
Thursday, 18 April 2019 16:07 WIB

Emas menuju penurunan mingguan terpanjang dalam delapan bulan terakhir di tengah spekulasi AS dan China mendekati kesepakatan perdagangan dan karena data ekonomi meredakan kekhawatiran tentang melamba...

Gold Heads for 4th Weekly Drop as Trade Deal in Sight...
Thursday, 18 April 2019 10:54 WIB

Emas menuju penurunan mingguan terpanjang dalam delapan bulan terakhir di tengah spekulasi AS dan China mendekati kesepakatan perdagangan serta karena data ekonomi yang meredam kekhawatiran mengenai m...

Gold claws up from 2019 low, but ascent limited by stock-market gains...
Wednesday, 17 April 2019 20:31 WIB

Harga emas stabil pada Rabu pagi, dengan harga menembus wilayah positif, pasca perburuan aset dipandang berisiko membawa logam haven ke penutupan terendah tahun lalu, kemarin. Emas untuk pengiriman J...

LATEST NEWS
China stocks rally to a near 13-month closing high

Chinese shares rallied on Friday afternoon in thin volumes from earlier profit-taking to end the day at a near 13-month closing high, with signs of an economic recovery in China contributing to a recent surge. At the close, the Shanghai Composite...

Tokyo Shares End Higher as Nintendo Soars on China Report

Tokyo stocks closed higher Friday following healthy gains on Wall Street, with Nintendo jumping more than 14 percent following reports its games and popular Switch console will soon be available in China. The benchmark Nikkei 225 index added 0.50...

GBP/USD: On the defensive despite strong UK retail sales

The path of least resistance for the GBP/USD appears to be on the downside. The British Pound slipped below 1.30 and closed under the April 5 low of 1.2987 yesterday, validating the bearish lower high of 1.3133 created last Friday. Notably, that...

POPULAR NEWS
Gold claws up from 2019 low, but ascent limited by stock-market gains
Wednesday, 17 April 2019 20:31 WIB

Gold trade steadied Wednesday morning, with prices poking into positive territory, after a hunt for assets viewed as risky took the haven metal to...

Gold Drops Near 1-Week Low 'Trapped in Twilight Zone'
Tuesday, 16 April 2019 16:15 WIB

Gold declined to near the lowest level in more than a week as investors weighed the uptick in the dollar with the pause in the equity rally,...

Gold drops to lowest level of the year on climb in stocks and bond yields
Wednesday, 17 April 2019 02:02 WIB

Gold futures declined on Tuesday, with the precious metal suffering its lowest finish year to date, as equity benchmarks in the U.S. flirted with...

Gold Tips Higher as Stocks Ease, But Hovers Near 2019 Low
Thursday, 18 April 2019 19:07 WIB

Gold futures scratched higher Thursday, reflecting bullish investors™ attempt to stop this week™s slide ” a move that drove the metal to 2019...