Friday, 10 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Pulls Back, Suffer a 3-Session Skid
Tuesday, 10 September 2019 03:32 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures settled lower Monday, giving back earlier gains to extend their losses to a third session in a row, as a rise in U.S. Treasury yields weighed on the precious metal™s haven appeal, ahead of key central bank meetings this week and next.

The gold market saw œa little bit of profit-taking and consolidating around $1,500, said Jeff Wright, executive vice president of GoldMining Inc. He said no asset considered a haven performed well in Monday trade.

The market™s awaiting news from the European Central Bank, which meets Thursday, as well as from the Federal Reserve, which meets next week, he added.

December gold fell by $4.40, or 0.3%, to settle at $1,511.10 an ounce after trading as high as $1,523.80. The most-active contract fell about 0.9% last week, according to FactSet data.

Some commodity experts remain bullish and point to gold™s trade above the $1,500-an-ounce mark as the demarcation line between bullish and bearish momentum in the commodity.

Source : Market Watch

RELATED NEWS
Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce...
Friday, 10 July 2020 20:28 WIB

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid conti...

Gold Heads for Fifth Weekly Advance Amid Virus Sparks...
Friday, 10 July 2020 16:48 WIB

Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. R...

Record Number of U.S. COVID-19 Cases Boost Gold...
Friday, 10 July 2020 13:06 WIB

Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases. The U.S. reported over 60,000 cases on Thursday, with Texas...

Gold's Rally Stretches to 5th Week on Virus Resurgence...
Friday, 10 July 2020 09:39 WIB

Gold held above $1,800 an ounce and headed for a fifth weekly advance as concerns about a resurgence in coronavirus cases bolstered demand for a haven. The U.S. outbreak shows no signs ...

Gold futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce...
Friday, 10 July 2020 01:31 WIB

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed w...

LATEST NEWS
U.S. Stocks Rise At The Open On Coronavirus Treatment Hopes

U.S. stocks opened modestly higher Friday, buoyed by encouraging news about a coronavirus treatment. The Dow Jones Industrial Average rose 14 points, 0.1%, to open near 25,720, while the S&P 500 was up less than a point, trading near 3,153....

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic...

Oil Falls on Resurgence of Virus Cases, Oversupply

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46...

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 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 futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce
Friday, 10 July 2020 01:31 WIB

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal...

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...