Sunday, 21 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Futures End at 1-Week High as U.S. Dollar Dips on Dovish Remarks From Fed Chair Powell
Thursday, 11 July 2019 01:27 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures climbed sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from U.S. Federal Reserve Chairman Jerome Powell that were perceived as dovish.

In testimony to Congress, Powell said Wednesday that the U.S economy is suffering from trade policy uncertainties and slower global economic growth and he pledged again that the central bank would act as needed to support demand.

Against that backdrop, gold for August delivery on Comex rose $12, or 0.9%, to settle at $1,412.50 an ounce, settling at the highest for a most-active contract since July 3. September silver added 7.9 cents, or 0.5%, to $15.226 an ounce. Precious metals tend to draw buying in a low interest-rate climate.

Source : Marketwatch

RELATED NEWS
Gold loses stream after tapping fresh 6-year highs...
Saturday, 20 July 2019 02:02 WIB

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six y...

Gold extends rise, as yellow metal's monster rally persists...
Friday, 19 July 2019 19:32 WIB

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold...

Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions...
Friday, 19 July 2019 15:17 WIB

Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Res...

Gold Hits 6-Year High on Rate Outlook; Silver Climbs...
Friday, 19 July 2019 13:58 WIB

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...

Gold Hits 6-Year High on Rate Outlook; Silver Climbs...
Friday, 19 July 2019 09:25 WIB

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...

LATEST NEWS
Hong Kong stocks close week on a high (Review)

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month. The Hang Seng Index added 1.07 percent, or 303.74 points to 28,765.40. The...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude...

POPULAR NEWS
Gold notches back-to-back gains to hit another 6-year peak
Friday, 19 July 2019 02:24 WIB

Gold futures fell on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a...

Gold edges lower, takes a breather after touching fresh 6-year peak
Thursday, 18 July 2019 19:52 WIB

Gold futures were trading little changed on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of...

Hong Kong stocks close down (Review)
Friday, 19 July 2019 03:27 WIB

Hong Kong stocks ended with more losses Thursday, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy...

Gold Slips From Near 6-Year High; Silver Extends Rally
Thursday, 18 July 2019 13:24 WIB

Gold slipped from near the highest level in six years as investors weighed the scale of expected interest rate cuts by the Federal Reserve this...