DJIA25914.98
LIVE66.11(0.26%)
NDX7326.28
LIVE19.29(0.26%)

Gold gains as political turmoil in Italy rocks financial markets


Tuesday, 29 May 2018 19:49 WIB

GOLDEMAS Spot EmasEmas berjangka


c_740_198_16777215_00_images_assets_GOLD_LCModels-Saint-Seiya-Myth-Cloth-Gold-Cloth-Pandora-Box-Vol-1-Gemini-Aries-Taurus-Dohko.jpg

Gold edged up on Tuesday as a deepening political crisis in Italy provoked a second day of heavy selling on European financial markets, though a buoyant dollar kept the precious metal's gains in check.

Spot gold was 0.4 percent higher at $1,302.96 per ounce at 11:52 GMT, while U.S. gold futures for June delivery fell 0.1 percent to $1,302.40.

Italy's president set the country on a path to early elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning fosnap polls and passing the next budget.

Investors fear repeat elections - which could take place as soon as August - might serve as a quasi-referendum on Italy's role in the European Union and euro zone and strengthen the country's eurosceptic parties even further.

But keeping a lid on gold's gains, the turmoil in Italy pushed the dollar up to a 6-1/2 month high versus the euro, making dollar-priced gold costlier for non-U.S. investors.

Source: Reuters


RELATED NEWS

  • Harga emas melemah pada hari Senin di Asia menjelang pertemuan Federal Reserve yang diperkirakan akan memberikan lebih banyak titik terang pada prospek kenaikan suku bunga AS tahun ini. Emas Berjangk...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.