DJIA27781.96
LIVE-1.63(-0.01%)
NDX8257.83
LIVE-1.98(-0.02%)

Gold Falls for 5th Day as China, U.S. Close In on Deal


Tuesday, 5 March 2019 20:33 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_00OR_20170106090011.jpg

Gold fell for a fifth day to push prices near to lowest in five weeks as investors await details of a potential U.S.-China trade deal, which is damping demand.

As prices sink, investors are pulling cash from the world’s largest bullion-backed exchange-traded fund at the fastest pace in more than a year, as easing trade tensions push buyers out of safe-haven assets. The $33 billion SPDR Gold Shares ETF, or GLD, saw a net withdrawal of $496 million on Friday, the most in a single day since February 2018.

BullionVault’s gold index measuring balance of buyers against sellers fell to 52.2 in February from 52.6 in January, with a drop in investment demand suggesting that U.K. households aren’t too concerned over Brexit.

Spot gold -0.2% to $1,284.61/oz; 5th day of declines is worst run for gold since November.

Source : Bloomberg


RELATED NEWS

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.