Sunday, 20 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Holds Gain as Trade in Focus; Palladium at Record
Monday, 23 September 2019 15:24 WIB | PRECIOUS METALS |GOLDEMAS

Gold held an advance as investors monitored signs of progress in U.S.-China trade discussions. Palladium hit a fresh all-time high.

China's Ministry of Commerce said trade groups from the two nations held "constructive" talks in Washington last week. China's cancellation of a planned visit to farms in the American heartland was done at the request of the U.S., people familiar with the matter said, indicating it wasn't caused by a negative turn in the lower-level discussions held in Washington last week. Still, prices are steady after capping the biggest weekly gain since August as mounting economic headwinds and monetary easing stayed in focus, following the Federal Reserve's second interest-rate cut of 2019.

Palladium is extending its rally, driven by supply issues, falling U.S. borrowing costs, and on anticipation that trade tensions may ease between the U.S. and China, the two major markets for the metal largely used to reduce auto emissions.

Spot gold -0.1% to $1,515.45/oz at 6:48am in London; +1.2% Friday. Prices +1.9% last week.

Palladium as much as 1.4% to all-time high of $1,665.32/oz.

Source : Bloomberg

RELATED NEWS
Gold Dips On Day, But Up On Week Ahead of Brexit Vote...
Saturday, 19 October 2019 03:40 WIB

Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday™s market, letting prices dip, with few leads to chase, ahead of a weekend p...

Gold eases on Brexit deal, global growth concerns limit losses...
Friday, 18 October 2019 20:44 WIB

Gold fell on Friday after the Brexit deal struck by Britain and the European Union, although losses were limited by weak economic data from the United States and China. Spot gold was down 0.1% to $1,...

Gold Dips on Profit-Taking, Trade Uncertainties Cap Losses...
Friday, 18 October 2019 18:08 WIB

Gold prices dipped on Friday as investors booked profit after the European Union forged a new Brexit deal with Britain, though a floor was kept under prices by uncertainties over trade negotiations an...

Gold steady as Brexit deal lifts stocks, pressures dollar...
Friday, 18 October 2019 08:47 WIB

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. Spot gold...

Gold Edges Up as Geopolitics Take Control of Trade...
Friday, 18 October 2019 03:38 WIB

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed t...

LATEST NEWS
Hong Kong, Shanghai stocks end with losses (Review)

Shares in Hong Kong and Shanghai sank on Friday after data showed China's economy growing at its slowest pace for almost 30 years. The Hang Seng Index fell 0.48 percent, or 128.91 points, to 26,719.58. The benchmark Shanghai Composite Index fell...

Dow Industrials End 1% Lower as Boeing, J&J Shares Exact More Than 220-Point

U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion's share of the pain for the Dow industrials. The Dow closed off 255 points, or 0.9%, at 26,770. Dow components...

Oil Retreats, Contributing to a Weekly Loss as China Data Revive Worries About Demand

Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report revealed a fifth consecutive weekly rise in U.S....

POPULAR NEWS
Gold Finishes Higher After Cooler-Than-Expected Retail-Sales Report
Thursday, 17 October 2019 03:40 WIB

Gold prices ended higher on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected...

Gold Edges Up as Geopolitics Take Control of Trade
Friday, 18 October 2019 03:38 WIB

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament...

Gold steady as Brexit deal lifts stocks, pressures dollar
Friday, 18 October 2019 08:47 WIB

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a...

Gold Steady Ahead of Brexit Talks; Weak US Data Lends Support
Thursday, 17 October 2019 17:15 WIB

Gold prices were nearly steady on Thursday as traders refrained from making any big bets in the absence of fresh developments on the Sino-U.S. trade...