Tuesday, 20 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Drops on China Stimulus, Trade Talk Optimism
Wednesday, 15 May 2019 15:48 WIB | PRECIOUS METALS |GOLDEMAS

Gold declines as expectation of stimulus measures to prop up Chinese growth buoys stocks even as investors gauge news flow from the U.S.-China trade war and rising tensions between Washington and Iran.

China™s industrial output, retail sales and investment all slowed more than economists forecast in April, sparking hopes that the government will need to boost stimulus to cushion the blow from the escalating trade war.

President Donald Trump called on the Federal Reserve to œmatch what he said China would do to offset economic hardship caused by tariffs. That™s even as the White House works on tariffs for the remaining $300 billion of Chinese imports and Trump prepares to meet his counterpart Xi Jinping at next month™s G-20 summit. The U.S. leader said he had a feeling further trade talks with China will be œvery successful.

Spot gold -0.2% at $1,294.57/oz at 8:23am in London, after sliding 0.2% Tuesday.

Source : Bloomberg

RELATED NEWS
Gold ends lower as stock-market rebound dulls haven shine...
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery fell $...

Gold slips 1% as equities, US Treasury yields rise...
Monday, 19 August 2019 21:22 WIB

Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $...

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...

LATEST NEWS
Hong Kong stocks end with big gains (Review)

Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade talks by Donald Trump's top trade adviser. The Hang Seng Index climbed 2.17 percent or 557.62...

Dow Ends Around 250 Points Higher on Global Stimulus Hopes, Easing Trade Fears

Stocks ended sharply higher Monday, further paring their August pullback as investors cheered talk of additional stimulus from global policy makers and a respite from negative trade-war headlines. The Dow Jones Industrial Average rose around 250...

Oil Rises on Improvement Reported in Trade Talks, Drone Attack

Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. But the bigger factor for the week could be what transpires at the Kansas City Fed's annual gathering in Jackson Hole,...

POPULAR NEWS
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...

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...

Gold ends lower as stock-market rebound dulls haven shine
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor...

Oil Holds Gains After Drone Attack Fails to Disrupt Saudi Output
Monday, 19 August 2019 07:28 WIB

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as...