Wednesday, 19 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold soars to five-year peak as U.S. Fed signals rate cut
Thursday, 20 June 2019 20:11 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices surged to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled a possible interest rate cut as early as next month, pressuring U.S. Treasury yields and the dollar.

Spot gold was up 1.6% at $1,380.96 per ounce as of 12:13 GMT, after hitting its highest since March 17, 2014 at $1,386.38.

Gold prices have gained about $80 so far this month.

U.S. gold futures jumped 3% to $1,389.10 an ounce, after touching their highest since April 2018 at $1,397.70.

The Fed on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.

Source : Reuters

RELATED NEWS
Gold Nears 7-Year Peak on Virus Economic Impact; Palladium Hits Record...
Wednesday, 19 February 2020 19:55 WIB

Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven...

Gold Prices Up; Fed Minutes Eyed...
Wednesday, 19 February 2020 15:54 WIB

Gold prices inched up on Wednesday as traders await the U.S. Federal Reserve™s minutes of its latest meeting, which is due later in the day. Gold Futures for April delivery gained 0.2% to $1,607.25...

Gold Holds Above $1,600 on Fears Over Economic Impact of Virus...
Wednesday, 19 February 2020 13:17 WIB

Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic. Autocat...

Gold Tops $1,600 as Virus Fuels Growth Fears; Palladium's Record...
Wednesday, 19 February 2020 09:36 WIB

Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it™s impacting global growth. Palladium continued it™s record-breaking rally...

Gold futures marks highest settlement since March 2013...
Wednesday, 19 February 2020 01:51 WIB

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concern...

LATEST NEWS
Gold Nears 7-Year Peak on Virus Economic Impact; Palladium Hits Record

Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall. Spot gold...

Oil Hits Two-Week High on China Stimulus Hopes, Supply Risks

Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus, and as a number of OPEC nations faced threats to their production. Brent futures increased for a seventh day, the longest...

US Sanctions Russian Oil Trading Firm for Role in Venezuela

The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro keep his grip on power in the South American...

POPULAR NEWS
Gold Steadies as Countries Plan Stimulus Measures
Monday, 17 February 2020 08:36 WIB

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments...

Tokyo Stocks Open Lower as Virus Worries Linger
Monday, 17 February 2020 07:37 WIB

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81...

Gold futures marks highest settlement since March 2013
Wednesday, 19 February 2020 01:51 WIB

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central...

Gold Edges Lower as Chinese Stimulus Hope Supports Risk Appetite
Monday, 17 February 2020 20:59 WIB

Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from...