DJIA25886.01
LIVE306.62(1.20%)
NDX7604.11
LIVE119.22(1.59%)

Gold Drops on Strong Dollar, Climbing U.S. Bond Yields


Monday, 8 October 2018 17:22 WIB

GOLDEMASBullionEmas berjangka


c_740_198_16777215_00_images_assets_GOLD3_0worth-weight-gold-billionphotos-1.jpg

Gold falls as the dollar gained and after U.S. bond yields climbed Friday to the highest level since 2011.

Bullion for immediate delivery lost 0.8% to $1,194.29/oz at 10:44am in London; gained1.1% last week.

In China, bullion of 99.99% purity rose 1.1% to 266.98 yuan/gram on Shanghai Gold Exchange.

The yield on the benchmark 10-year U.S. note capped the biggest weekly increase since February on Friday, as a strong economy, the lowest jobless rate in 48 years, and hawkish comments from Federal Reserve Chairman Jerome Powell, combined to prompt a bond selloff. In China, stocks had their worst October start in a decade.

Bloomberg Dollar Spot Index strengthened 0.2%; added 0.6% last week. Yield on 10-year Treasuries at 3.23% on Friday; +17 bps last week.

In other precious metals, silver -1.3%, platinum -0.4%, palladium -0.5%..

Source: Bloomberg


RELATED NEWS

  • Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce...

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.