Tuesday, 23 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Traded Near Lowest Level This Year on Growth Optimism
Wednesday, 17 April 2019 14:39 WIB | PRECIOUS METALS |GOLDEMAS

Gold traded near the lowest level this year as world equities held near a six-month high on renewed optimism about global growth after China™s economy unexpectedly held up in the first quarter.

China™s first-quarter GDP figures out Wednesday exceeded economist estimates and March retail sales and industrial production were also better-than-expected. That™s easing concerns about a slowdown that had rattled investors.

A bearish technical indicator is also weighing on gold. The metal broke below its 100-day moving average on Monday, pointing to further weakness.

Spot gold +0.2% to $1,279.46/oz at 7:15am in London after dropping to $1,273.02 on Tuesday, lowest intraday level since Dec. 27.

Source : Bloomberg

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
Wall Street Opens Higher On Strong Coca-Cola, United Tech Earnings

U.S. stocks opened higher on Tuesday, lifted by upbeat earnings from blue-chip companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth. The Dow Jones Industrial Average rose 59.96 points, or...

Oil Prices Drop as U.K. Calms Nerves Over Iran; U.S. Inventories on Tap

Oil prices gave back some recent gains on Tuesday as the U.K. offered a conciliatory tone its recent dispute with Iran in the Gulf, while markets prepped for the release of U.S. crude inventories. New York-traded West Texas Intermediate crude...

French Submarine Found After Lost 50 Years Ago

The debris of a French submarine lost more than 50 years ago was found more than 45 kilometers from the ship's headquarters in the port of Toulon. Fifty-two sailors were on the submarine Compilation of ships lost in January 1968. "This is success,...

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...