Saturday, 04 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Continues Rally, Pushing Further Past $1,400
Monday, 24 June 2019 18:59 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the Federal Reserve and other central banks.

August gold rose $12.60, or 0.9%, to $1,412.60 an ounce, nearing session highs of $1,414.80 an ounce. On Friday, gold settled above $1,400 an ounce for the first time since Sept. 3, 2013, according to FactSet. The contract rose 0.2% to finish at $1,400.10 an ounce, and gained 4.1% for the week.

Gold™s gains last week came after a Fed meeting in which the central bank held rates steady but spoke of œuncertainties over the U.S. economic outlook. The European Central Bank and Bank of England also made dovish comments during the week. Precious metals like gold tend to attract buyers in a low interest-rate climate.

Source : Marketwatch

RELATED NEWS
Gold flat as virus fears offset gains in equities...
Friday, 3 July 2020 17:11 WIB

Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data.  &nbs...

Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data...
Friday, 3 July 2020 14:35 WIB

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, rever...

Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data...
Friday, 3 July 2020 08:24 WIB

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, rever...

Gold settles with a gain for the session and shorter week...
Friday, 3 July 2020 01:15 WIB

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the world provided safe-haven support for the metal. S...

Gold Prices Edge Higher as Market Awaits Labor-Market Update...
Thursday, 2 July 2020 19:04 WIB

Gold futures inched higher Thursday ahead of employment data in the U.S. that could influence trading in the precious commodity, a day after hope for a vaccine and a rally in stocks eroded appetite fo...

LATEST NEWS
European markets close lower as virus concerns quell optimism over upbeat data

European stocks closed lower on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone. The pan-European Stoxx 600 provisionally closed down...

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said...

Crude Oil Lower; OPEC Disputes and Virus Cases Weigh

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a...

POPULAR NEWS
July, Gold is Still Promising
Wednesday, 1 July 2020 16:41 WIB

Index futures closed above $ 1,800 per ounce on Tuesday, June 30, 2020, which also means closing in the first half of this year. Over the past six...

Gold futures end lower a day after highest finish since 2011
Thursday, 2 July 2020 01:28 WIB

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be...

Gold settles with a gain for the session and shorter week
Friday, 3 July 2020 01:15 WIB

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the...

Gold prices retreat to start July after the notching their highest finish since 2011
Wednesday, 1 July 2020 18:58 WIB

Gold futures were drifting lower Wednesday after topping $1,800 and marking the highest finish since in about nine years Tuesday, as uncertainty...