Tuesday, 02 June 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Slips From Near 6-Year High; Silver Extends Rally
Thursday, 18 July 2019 13:24 WIB | PRECIOUS METALS |GOLDEMASPerak

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 year. Silver rose to a five-month high.

With just two weeks until the Fed™s policy meeting, the central bank™s anecdotal Beige Book report suggested the outlook was generally positive and the labor market remains tight -- but companies are still struggling to pass on higher wages and tariff-related costs to customers. Expectations for a rate cut pushed gold to a six-year high last month with silver now finally playing catch up.

Spot gold -0.3% to $1,422.22/oz at 1:15pm in Singapore; earlier rose to $1,430.23, near last month™s six-year high of $1,439.21.

Source : Bloomberg

RELATED NEWS
Gold Holds One-Week Peak as U.S.-China Tensions Keep Demand Afloat...
Tuesday, 2 June 2020 13:08 WIB

Gold prices on Tuesday held on to last session™s more than one-week high on concerns around U.S.-China relations and as rising violent protests in the United States stoked fears of a resurgence in v...

Gold Edges Lower as Economies Open Up...
Tuesday, 2 June 2020 09:53 WIB

Gold prices inched lower on Tuesday on signs of economic recovery as more countries ease lockdown curbs, while protests in the United States, China-U.S. tensions and a weaker dollar limited losses. S...

Gold edges lower as investors play down U.S.-China tensions...
Monday, 1 June 2020 19:54 WIB

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China tensions and a weekend of civil unrest in several U....

Gold Climbs As U.S. Riots Spark Safe-Haven Rush...
Monday, 1 June 2020 16:00 WIB

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending ...

Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal...
Monday, 1 June 2020 09:15 WIB

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning concerns of a fresh economic setback and drove trad...

LATEST NEWS
Hong Kong Shares Extend Rally

Hong Kong shares enjoyed more healthy gains Tuesday, building on the previous day's more than three percent surge, as the easing of lockdowns trumped worries about China-US tensions. The Hang Seng Index climbed 1.11 percent, or 263.42 points, to...

Pound Climbs Above $1.25 to 1-Month High, Brexit Hopes Support

Sterling climbed above $1.25 to its highest in a month against the dollar on Tuesday, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit negotiations with the European Union provided support. Britain is...

European Markets Open Higher Against Backdrop of U.S. Unrest

European stocks opened higher Tuesday against a backdrop of unrest and violence in the U.S. as protests continue over the killing of George Floyd, an unarmed black man, by police last week. The pan-European Stoxx 600 climbed 1% at the start of...

POPULAR NEWS
Gold edges lower as investors play down U.S.-China tensions
Monday, 1 June 2020 19:54 WIB

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China...

Gold Climbs As U.S. Riots Spark Safe-Haven Rush
Monday, 1 June 2020 16:00 WIB

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for...

Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal
Monday, 1 June 2020 09:15 WIB

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning...

Hong Kong Shares Open With Big Gains
Monday, 1 June 2020 08:58 WIB

Hong Kong stocks rallied at the start of trade Monday after Donald Trump stopped short of imposing sanctions on China over its plans for a security...