Wednesday, 01 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB | PRECIOUS METALS |GOLD

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 record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.

Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per ounce.

Elsewhere, autocatalyst metal palladium continued scaling fresh peaks, hitting $1,880.37 for the first time.

Other metals latched onto gold™s slide as well, with silver falling 2% to $16.60 per ounce, having earlier touched a low since Aug. 7 at $16.51. Platinum fell 0.4% to $893.25.

Source: CNBC

RELATED NEWS
Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears...
Wednesday, 1 April 2020 16:27 WIB

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gol...

Gold Holds Biggest Drop in 2 Weeks on China Economy...
Wednesday, 1 April 2020 09:28 WIB

Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $...

Gold Futures Fall Sharply for The Session, Climb for The Month...
Wednesday, 1 April 2020 01:13 WIB

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46....

Gold Heads Lower As Dollar Finds Support And Bond Yields Edge Up...
Tuesday, 31 March 2020 20:18 WIB

Gold futures head lower Tuesday morning, putting the precious metal on track for a second drop in a row as government bond yields and the US. dollar rose, pressuring precious metals that have mostly g...

Gold Falls as Dollar Firms, Shares Rally; Set to Post Quarterly Gain...
Tuesday, 31 March 2020 16:59 WIB

Gold prices fell on Tuesday as the dollar firmed and as shares rose on hopes of a rebound in China economic activity, while safe-haven demand amid concerns over the coronavirus outbreak kept the metal...

LATEST NEWS
Dow Set To Fall 700 Points At The Open After Market Posts Worst First Quarter On Record

U.S. stock futures dropped early Wednesday morning and pointed to sizable declines at the open, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. At around 6:50 a.m. ET, Dow...

China Not Tracking Recovered Coronavirus Patients Who Test Positive Again

After testing negative twice in a row, a coronavirus patient in Wuhan ” the former epicenter of the coronavirus outbreak ” was discharged recently from one of China™s mobile hospital units.  But her celebration of freedom had barely...

Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730...

POPULAR NEWS
Gold Prices Seen Building On Biggest Weekly Gain Since 2008
Monday, 30 March 2020 13:03 WIB

Seventy-one percent of the Wall Street and Main Street respondents in the weekly Kitco gold price survey look for the precious metal to build on its...

Gold Futures Settle Lower for a Second Session
Tuesday, 31 March 2020 01:23 WIB

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the...

Gold Prices Slip After Big Weekly Gains
Monday, 30 March 2020 10:21 WIB

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM...

Gold Futures Fall Sharply for The Session, Climb for The Month
Wednesday, 1 April 2020 01:13 WIB

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and...