DJIA21636.78
LIVE-915.39(-4.06%)
NDX7588.37
LIVE-308.76(-3.91%)

Gold Prices Fall as U.S. GDP Data Tops Expectations


Friday, 1 March 2019 14:05 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_0gold.jpg

Prices of the safe-haven gold fell on Friday in Asia as fourth-quarter U.S. GDP data topped expectations.

Gross domestic product increased at a 2.6% annualised rate in the fourth quarter. Growth in 2018 was the strongest since 2015 and better than the 2.2% logged in 2017, data showed.

The data lifted treasury bond yields and the U.S. Dollar, in turn making the non-interest-bearing gold less attractive.

The precious metal received some support in the previous session after talks between the U.S. and North Korea broke down without a deal.

U.S. President Donald Trump said that he had walked away from talks with North Korean leader Kim Jong-Un because of unacceptable demands to lift U.S. sanctions.

Gold futures on the Comex division of the New York Mercantile Exchange was down 0.3% to $1,312.85 per ounce by 1:07 AM ET (06:07 GMT). The precious metal has now eased for a five-straight day. For the month, the futures contract was down about 1%.

Source : Investing.com


RELATED NEWS

  • Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the phys...

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.