Wednesday, 19 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Prices Gain as Escalating Trade War Sends Traders Fleeing from Equities
Monday, 26 August 2019 12:44 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices rose on Monday in Asia as investors seek safe-haven from trade war fears.

Gold Futures for December delivery were up 1% at $1,552.90 on the Comex division of the New York Mercantile Exchangem by 1:22 AM ET (05:22 GMT).

The gains came amid China™s announcement of new tariffs on U.S. products and President Donald Trump™s demand that U.S. companies pull out of the republic. The U.S. also raised existing tariffs on $250 billion worth of Chinese goods to 30% from 25% as of October.

In addition, a new round of tariffs on $300 billion in Chinese goods will be taxed at 15%, up from the current 10%.

Meanwhile, in a speech at the Jackson Hole event that ended on Friday, U.S. Federal Reserve Chairman Jerome Powell said the U.S. economy is in a "favorable place," and the Fed will "act as appropriate" to keep the current economic expansion on track.

Source : Investing.com

RELATED NEWS
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...

Gold Scales Two-Week High as Coronavirus Hits Business...
Tuesday, 18 February 2020 20:35 WIB

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global eco...

LATEST NEWS
GBP/USD Jumps Back Above 1.30 Mark, Fresh Session Tops Post-UK CPI

The GBP/USD pair reversed an early European session dip to the 1.2975 region and seemed headed back towards the top end of its daily trading range post-UK macro data. Following the previous session's good two-way moves and a range-bound price...

U.K. Inflation Rises More Than Forecast to Highest in Six Months

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National...

Gold Prices Up; Fed Minutes Eyed

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 by 1:45 AM ET (05:45 GMT). The yellow metal...

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 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...

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...