Monday, 01 June 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold near one-week low as coronavirus fears ease
Wednesday, 12 February 2020 19:56 WIB | PRECIOUS METALS |SILVEREMASGOLD

Gold prices inched down to a near one-week low on Wednesday as investors' risk appetite picked up on reports of a decline in new coronavirus cases, although concerns over its impact on the global economy persisted.

Spot gold was down 0.1% to $1,566.31 per ounce, having touched its lowest since Feb. 6 at $1,561.16 earlier. U.S. gold futures were flat at $1,569.60.

Peter Fertig, an analyst at Quantitative Commodity Research, said a recovery in riskier assets like stock markets, and a stronger U.S. dollar were reducing gold's safe haven appeal.

Among other precious metals, palladium slipped 0.7% to $2,324.39 an ounce, silver fell 0.3% to $17.58, having earlier hit its lowest since Jan. 29 and platinum shed 0.4% to $965.34.

Source : Reuters

RELATED NEWS
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...

Gold futures end higher, up more than 3% for the month...
Saturday, 30 May 2020 01:21 WIB

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that w...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China...
Friday, 29 May 2020 19:45 WIB

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures. President Donald...

Gold up as markets cautiously await Trump's response on HK...
Friday, 29 May 2020 17:26 WIB

Gold prices rose on Friday, supported by lingering U.S.-China trade tensions, while market participants cautiously awaited Washington's response to the Chinese parliament's approval of a national secu...

LATEST NEWS
U.S. Stock-Market Futures Knocked Around As U.S. Cities Rocked By Protests Amid Pandemic

U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. The clashes between police and protesters come while the U.S., and much of the world, is in the throes of...

Gold Climbs As U.S. Riots Spark Safe-Haven Rush

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 further support. Spot gold gained 0.8% to...

Hong Kong Stocks Close Sharply Higher

Hong Kong stocks started the week with a bang Monday, rallying more than three percent on relief that Donald Trump held off unveiling severe measures against China over its security law proposal for the financial hub. The Hang Seng Index jumped...

POPULAR NEWS
Gold futures end higher, up more than 3% for the month
Saturday, 30 May 2020 01:21 WIB

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile,...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China
Friday, 29 May 2020 19:45 WIB

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and...

Gold up as markets cautiously await Trump's response on HK
Friday, 29 May 2020 17:26 WIB

Gold prices rose on Friday, supported by lingering U.S.-China trade tensions, while market participants cautiously awaited Washington's response to...

U.S. oil futures reverse course to finish higher, climb 88% for the month
Saturday, 30 May 2020 02:12 WIB

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the...