Monday, 09 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold looks for direction after hitting 6-year high
Monday, 22 July 2019 19:47 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and as investors look for major central banks to ease policy.

Gold for August delivery on Comex was up 10 cents, or less than 0.1%, at $1,426.80 an ounce, while September silver rose 21.5 cents, or 1.3%, to $16.41 an ounce.

But the analysts expect gold prices to stagnate over the remainder of the year. They argue that investors will need to factor in shallower rate cuts than currently anticipated by the Federal Reserve and they've also penciled in weaker physical demand from Asia in response to an increase in India™s duty on gold imports.

Gold last week climbed above $1,450 an ounce for the first time in six years as expectations grew for the Federal Reserve to cut interest rates by as much as a half point at its July 30-31 meeting. But gold subsequently pulled back after the New York Fed said bullishly interpreted remarks by its president, John Williams, weren't meant as a commentary on policy actions at the July meeting.

Source : Marketwatch

RELATED NEWS
Gold Prices Near Flat; Fed Meeting, Trade News Eyed...
Monday, 9 December 2019 13:45 WIB

Gold prices stayed near flat on Monday in Asia as traders awaited the U.S. Federal Reserve meeting later this week and updates on the Sino-U.S. trade developments. U.S. Gold Futures were little chang...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs...
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets. Job gains roared back in November and wages topped es...

Gold falls 1% after robust US jobs data...
Saturday, 7 December 2019 03:06 WIB

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...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected...
Friday, 6 December 2019 21:04 WIB

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the ...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus...
Friday, 6 December 2019 15:58 WIB

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data due later Friday. China said Friday it's in the pr...

LATEST NEWS
Gold Prices Near Flat; Fed Meeting, Trade News Eyed

Gold prices stayed near flat on Monday in Asia as traders awaited the U.S. Federal Reserve meeting later this week and updates on the Sino-U.S. trade developments. U.S. Gold Futures were little changed at $1,464.85 by 1:10 AM ET (05:10 GMT). The...

Tokyo Stocks Close Up for Third Straight Session

Tokyo stocks rose for a third consecutive session Monday, extending rallies on Wall Street as investors closely watched key events this week including central bank meetings and the UK elections. The benchmark Nikkei 225 index climbed 0.33 percent,...

FBI Investigating Shooting at US Naval Base as Terrorism

The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday. Rachel Rojas, special agent in charge of the FBI's Jacksonville office, told a news conference Sunday that the...

POPULAR NEWS
Gold falls 1% after robust US jobs data
Saturday, 7 December 2019 03:06 WIB

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...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected
Friday, 6 December 2019 21:04 WIB

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus
Friday, 6 December 2019 15:58 WIB

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data...

Hong Kong stocks finish week on positive note (Review)
Saturday, 7 December 2019 04:32 WIB

Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial...