Monday, 09 December 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 Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck...
Monday, 9 December 2019 21:41 WIB

Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. g...

Gold Steadies With Fed and Tariffs in Focus This Week...
Monday, 9 December 2019 18:01 WIB

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings. Spot gold edged 0.2% higher to $1,463.50/oz by 10:41am in London after dropping 1.1% ...

Gold Prices Near Flat; Fed Meeting, Trade News Eyed...
Monday, 9 December 2019 13:45 WIB

Gold prices stayed near flat on Monday in Asia as traders awaited the U.S. Federal Reserve meeting later this week and updates on the Sino-U.S. trade developments. U.S. Gold Futures were little chang...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs...
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets. Job gains roared back in November and wages topped es...

Gold falls 1% after robust US jobs data...
Saturday, 7 December 2019 03:06 WIB

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new...

LATEST NEWS
U.S Stocks See Modest Pullback at Open as Central Banks, Trade Stay In Focus

U.S. stocks edged lower at the opening bell on Monday ahead of a busy week packed with meetings by the Federal Reserve and the European Central Bank. Investors are also on the lookout for signs of easing trade tensions ahead of the Dec. 15...

Gold Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck

Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. general election that could roil...

U.S. Futures Edge Lower With Stocks as Bonds Climb

U.S. equity futures edged down alongside European stocks as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries and most government bonds...

POPULAR NEWS
Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier...

Hong Kong stocks finish week on positive note (Review)
Saturday, 7 December 2019 04:32 WIB

Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial...

Dow Closes Nearly 340-Points Higher After Jobs Report Sparks Stock-Market Rally
Saturday, 7 December 2019 04:24 WIB

U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited...

U.S. oil futures post biggest weekly rise since June
Saturday, 7 December 2019 03:13 WIB

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since...