Thursday, 02 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Edges Up as US Warning Heightens Virus Concerns
Wednesday, 26 February 2020 19:13 WIB | PRECIOUS METALS |GOLDEMAS

Gold rebounded on Wednesday, a day after it posted its biggest one-day decline in nearly four months, as the coronavirus scare triggered safe-haven flows towards bullion and raised hopes of interest rate cuts by major central banks.

Spot gold rose 0.8% to $1,647.89 per ounce by 1053 GMT, having slumped as much as 1.9% in the previous session as investors took profits. U.S. gold futures were steady at $1,650.30.

Investors have pushed up expectations for rate cuts from the U.S. Federal Reserve and European Central Bank. China™s central bank has also vowed it will take further steps to support the virus-hit economy.

Gold is up more than 3% so far this month, having hit a 7-year high of $1,688.66 an ounce earlier this week as the rapidly spreading coronavirus aggravated fears of an economic slowdown.

Source : Reuters

RELATED NEWS
Gold Extends Rise After Another Surge In Jobless Claims...
Thursday, 2 April 2020 20:21 WIB

Gold futures gained ground Thursday, adding to an advance after another large jump in first-time jobless claims. Gold for June delivery on Comex rose $29, or 1.8%, to $1,620.40 an ounce, while May si...

Gold Dips as Dollar Holds Firm; US Jobs Data Awaited...
Thursday, 2 April 2020 16:11 WIB

Gold prices dipped on Thursday as the dollar held firm, while investors awaited key U.S. jobless data amid mounting signs of a recession due to the worsening coronavirus outbreak. Spot gold fell 0.3%...

Gold Prices Up Amid Fears of Unending Economic Turbulence...
Thursday, 2 April 2020 09:33 WIB

Gold prices in Asia were up on Thursday as investors prepare for continuous economic turbulence. Gold futures were up by 0.41% at $1,598 by 10:21 PM ET (3:21 AM GMT), recouping its losses from yester...

Gold Down 4th Straight Session as Traders Cast a Wary Eye on Economic Data Amid Coronavirus Spread...
Thursday, 2 April 2020 01:46 WIB

Gold futures on Wednesday started the month with a loss, stretching their decline to a fourth straight session, as traders cast a wary eye on the latest U.S. economic data amid the spread of the COVID...

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread...
Wednesday, 1 April 2020 20:22 WIB

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has...

LATEST NEWS
Gold Extends Rise After Another Surge In Jobless Claims

Gold futures gained ground Thursday, adding to an advance after another large jump in first-time jobless claims. Gold for June delivery on Comex rose $29, or 1.8%, to $1,620.40 an ounce, while May silver advanced 55.1 cents, or 3.9%, to $14.535 an...

U.S. Initial Jobless Claims Leap to Record 6.65 Million

The number of Americans applying for initial unemployment benefits surged to a new record 6.65 million last week, the U.S. Labor Department said on Thursday, as the full impact of the fallout from the coronavirus pandemic on the labor market became...

Oil Rallies 10% After Trump Says He Expects Saudi Arabia-Russia Feud To End Soon

Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month. West Texas Intermediate futures surged by $2.11, or...

POPULAR NEWS
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 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...

Gold Prices Down as Asian Markets Report Gains
Tuesday, 31 March 2020 09:41 WIB

Gold prices in Asia were down on Tuesday morning as stock markets gained. Prices of the yellow metal reached $1,645.3 overnight as investors...

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIB

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor...