Tuesday, 23 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold logs lowest finish in over a week as U.S.-China trade talk progress dulls haven demand
Tuesday, 16 April 2019 01:11 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures settled at their lowest in more than week on Monday, with apparent progress in U.S.-China trade talks helping to dull haven-related demand for the metal, as investors also showed disappointment that recent weakness in the dollar has failed to provide support.

U.S. Treasury Secretary Steven Mnuchin said Saturday the U.S. and China are continuing to make progress on trade talks and œgetting close to the final round of concluding issues.

Gold for June delivery on Comex fell $3.90, or 0.3%, to settle at $1,291.30 an ounce. That was the lowest finish for a most-active contract since March 28, according to FactSet data,

The ICE U.S. Dollar Index was down less than 0.1% at 96.93 in Monday trading, with its month-to-date loss at 0.4%. It continued to weaken even after data showed that the New York Fed™s Empire State business conditions index rebounded to a reading of 10.1 from a nearly two-year low of 3.7 in March.

Source : Marketwatch

RELATED NEWS
Gold Drops With Silver as Bulls Take Break Before Fed...
Tuesday, 23 July 2019 15:16 WIB

Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors™ appetite for riskier assets as the dollar ticked higher. Silver retreated from near the highest leve...

Gold Drops With Silver as Bulls Take Break Before Fed...
Tuesday, 23 July 2019 13:03 WIB

Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors™ appetite for riskier assets as the dollar ticked higher. Silver retreated from near the highest leve...

Gold Drops as Silver Retreats From Near 13-Month High...
Tuesday, 23 July 2019 09:36 WIB

Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors™ appetite for risk. Silver retreated from near the highest level since June 2018. Spot gold -0....

Silver closes at 13-month high as gold ekes out a gain...
Tuesday, 23 July 2019 02:19 WIB

Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain. Rising geopolitical worries on the back of Iran's seizure of a British-fl...

Gold looks for direction after hitting 6-year high...
Monday, 22 July 2019 19:47 WIB

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and ...

LATEST NEWS
Pound Down For Third Day Before Conservative Party Election Outcome

Sterling fell for the third straight day on Tuesday, dragged down by a firmer dollar and concern that the new prime minister, whose identity will be known later in the day, will pull Britain out of the European Union with no trade deal in...

Hong Kong Stocks Close Higher

Hong Kong shares ended on a positive note Tuesday following the previous day's steep losses, with investors buoyed by hopes for progress in China-US trade talks. The Hang Seng Index gained 0.34 percent, or 95.22 points to 28,466.48. The benchmark...

Gold Drops With Silver as Bulls Take Break Before Fed

Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors™ appetite for riskier assets as the dollar ticked higher. Silver retreated from near the highest level since June 2018. President Donald...

POPULAR NEWS
Silver closes at 13-month high as gold ekes out a gain
Tuesday, 23 July 2019 02:19 WIB

Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain. Rising geopolitical...

Gold Prices Rise on Rate Cut Expectations
Monday, 22 July 2019 13:11 WIB

Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month. Gold futures for...

Gold looks for direction after hitting 6-year high
Monday, 22 July 2019 19:47 WIB

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical...

Gold Retreats Further From Six-Year Peak as Deep Rate Cut Views Fade
Monday, 22 July 2019 09:47 WIB

Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a...