Thursday, 14 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Sticks to Gains Above $1425 Level Ahead of US Data/Powell
Tuesday, 25 June 2019 21:16 WIB | PRECIOUS METALS |

Gold trimmed a part of its early strong gains to fresh multi-year tops but has managed to hold with goodish intraday daily gains around the $1328 region.

Having jumped to an intraday high level of $1439.08 - the highest since May 2013, the precious metal witnessed some profit-taking from extremely overbought conditions on the daily chart and was being weighed down by a modest US Dollar recovery from multi-month lows.

With investors still digesting a more dovish shift by the FOMC last week, traders seemed inclined to lighten their bearish USD bets ahead of the Fed Chair Jerome Powell's speech and turned out to be one of the key factors exerting some pressure on the dollar-denominated commodity.

Source : FX Street

RELATED NEWS
Gold, Silver Prices Score First Gain in 5 Sessions...
Thursday, 14 November 2019 02:06 WIB

Gold and silver prices posted their first gain in five sessions on Wednesday, with uncertainty over the outlook for a U.S.-China trade deal and the first day of public impeachment proceedings against ...

Gold Climbs as Trade Uncertainty Weighs on Risk Appetite...
Wednesday, 13 November 2019 20:26 WIB

Gold prices gained on Wednesday on lack of clarity on the U.S.-China trade negotiations, keeping markets wary about the tariff war™s toll on the health of the global economy. Spot gold rose 0.5% to...

Gold Gains as Optimism on U.S.-China Trade Deal Cools...
Wednesday, 13 November 2019 18:35 WIB

Gold rebounded from near a three-month low as optimism over a trade deal ebbed and traders looked for signs of a reversal in the recent downtrend in precious metals. Spot gold climbed 0.6% ...

Gold Rises From Three-Month Low on Trump Tariff Threat...
Wednesday, 13 November 2019 09:24 WIB

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2...

Gold prices dip on upbeat appetite for riskier assets...
Wednesday, 13 November 2019 02:28 WIB

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with Chi...

LATEST NEWS
Hong Kong Stocks Sink as Violent Unrest Hits City (Review)

Hong Kong stocks plunged Wednesday as investors braced for further unrest following days of violent protests that have almost ground parts of the city to a halt, with police warning it was close to "total collapse". After more than five months of...

Dow, S&P 500 notch record closes even as U.S.-China trade concerns dampen gains

U.S. stocks largely closed in positive territory Wednesday, though off session highs, after the Wall Street Journal reported that U.S.-China trade talks have stalled out on disagreements over China making firm commitments on agricultural purchases...

Oil edges up ahead of US storage data as OPEC, Fed see robust economy

Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were...

POPULAR NEWS
Gold falls to three-month low as demand for haven assets wanes
Tuesday, 12 November 2019 01:53 WIB

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the...

Gold prices dip on upbeat appetite for riskier assets
Wednesday, 13 November 2019 02:28 WIB

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed...

Gold Rebounds as Trade Dispute in Focus, Stocks Drop
Monday, 11 November 2019 16:03 WIB

Gold advanced after its biggest weekly drop in three years as investors parsed the latest developments in the U.S.-China trade conflict. Spot gold...

Asia shares turn sluggish ahead of Trump speech
Tuesday, 12 November 2019 07:50 WIB

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation...