Thursday, 09 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold settles lower after 4-session climb lifted prices near a 6-year high
Thursday, 27 June 2019 01:30 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks.

Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets œbut in my opinion, that is a wait and see catalyst, said Wright. œWe have experienced too many start and stop moments to have faith a deal is imminent.

August gold settled at $1,415.40 an ounce, down $3.30, or 0.2%. The metal finished at $1,418.70 Tuesday, the highest finish for a most-active contract since Aug. 28, 2013, according to FactSet data. On Tuesday, the contract touched its highest intraday climb since May 2013 at $1,442.90 before pulling back.

Source : MarketWatch

RELATED NEWS
Gold Futures Slip, Set to Take a Breather after Carving Out Fresh 9-Year Peak...
Thursday, 9 July 2020 18:57 WIB

Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since September 2011, but silver and platinum futures were staging...

Gold Holds Near 2011 High on Virus Concerns, Dollar...
Thursday, 9 July 2020 08:52 WIB

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in th...

Gold futures up a fourth straight session to mark another finish at the highest since 2011...
Thursday, 9 July 2020 01:11 WIB

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive ...

Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus...
Wednesday, 8 July 2020 21:36 WIB

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to ...

Gold Prices Extend Climb Above 9-Year High as Traders See Few Limits to Central-Bank Stimulus...
Wednesday, 8 July 2020 19:11 WIB

Gold futures were extending their gains early Wednesday after their highest settlement in the previous session since September 2011, supported by the prospect of a lengthy period of government and cen...

LATEST NEWS
Wall Street Gains As Investors Cheer Declining Jobless Claims

U.S. stocks opened higher on Thursday after data pointed to a declining trend in weekly jobless claims, with investors also weighing the risk of another business shutdown as U.S. COVID-19 cases soared. The Dow Jones Industrial Average rose 27.64...

U.S. Initial Jobless Claims Fell Last Week by More Than Forecast

Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases. Initial jobless...

Gold Futures Slip, Set to Take a Breather after Carving Out Fresh 9-Year Peak

Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since September 2011, but silver and platinum futures were staging a sharp advance. Precious metals have mostly...

POPULAR NEWS
Gold futures log highest finish since September 2011
Wednesday, 8 July 2020 01:13 WIB

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a...

Gold futures finish higher, near 1-week high
Tuesday, 7 July 2020 01:35 WIB

Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week. The ICE U.S. Dollar Index was...

Gold futures up a fourth straight session to mark another finish at the highest since 2011
Thursday, 9 July 2020 01:11 WIB

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold...

Gold Rally to $1,800 Sees ETF Inflows Exceed Full-Year Record
Wednesday, 8 July 2020 15:53 WIB

Gold allure is only getting stronger as 2020 unfolds. Spot prices reached $1,800 an ounce and year-to-date inflows into bullion-backed...