Gold prices rallied Thursday to settle at their highest level since early August, as investors took refuge in the precious metal from a slump in U.S. and global stock markets. "Gold and silver, the traditional havens in times of volatility, are again displaying their lack of correlation and frequent inverse correlation with risk assets," said Mark O'Byrne, research director at GoldCore.
"The precious metals' hedging benefits to investors' portfolios are being seen as they again benefit from a safe haven bid exactly when investors need it," he said. December gold rose $34.20, or 2.9%, to settle at $1,227.60 an ounce. That was the highest finish since Aug. 1 for a most-active contract, according to FactSet data.
Source : Marketwatch
Spot emas diperdagangkan mendekati level tertinggi dalam lima bulan karena pedagang menyukai aset haven di tengah kekhawatiran atas kemungkinan Inggris meninggalkan Uni Eropa tanpa kesepakatan. Inves...
Harga emas naik lebih tinggi pada hari Selasa, didukung oleh harapan bahwa Federal Reserve AS bisa menghentikan siklus kenaikan suku bunga lebih cepat dari yang diharapkan dan karena dolar tergelincir...
Spot emas diperdagangkan mendekati level tertinggi dalam lima bulan karena pedagang menyukai aset haven di tengah kekhawatiran atas kemungkinan Inggris meninggalkan Uni Eropa tanpa kesepakatan. Inves...
Emas berjangka berakhir dengan kerugian pada hari Senin, dengan kekuatan dalam dolar memberikan tekanan pada logam mulia denominasi dolar. Greenback mendapat dukungan karena pound Inggris menyentuh l...
Emas berjangka sedikit berubah Senin, diperdagangkan mendekati level tertinggi lima bulan pasca membukukan reli yang kuat pekan lalu ketika gejolak pasar memicu pembelian terkait safe haven. Emas unt...
U.S. stock index futures pointed to a lower open on Tuesday as stocks take a breather after a wild session in the previous trading day. At 03:40 a.m. ET, Dow futures were down 69 points, implying a open of -20.26 points. Meanwhile, S&P 500 and...
Spot gold traded near the highest level in five months as traders favored haven assets amid concerns over the possibility of the U.K. leaving the European Union without a deal. Investors also weighing latest developments on the trade war...
British workers had their biggest pay rise in a decade in the three months to October as the country's strong labor market showed no sign of weakening ahead of Brexit, official figures showed on Tuesday. Average weekly earnings, including bonuses,...
Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal.
The greenback...
Hong Kong shares opened with more losses Monday, tracking a sell-off on Wall Street fuelled by lingering concerns about the China-US trade standoff,...
Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold...
Tokyo stocks opened sharply lower on Monday, taking a negative lead from New York where unease over the US-China trade war prompted a fresh sell-off...