DJIA25962.44
LIVE-173.35(-0.66%)
NDX7664.47
LIVE-54.85(-0.71%)

Gold nears best level in a month as global market jitters persist


Monday, 25 March 2019 19:36 WIB

EMAS Spot Emas SPDR Gold TrustSpot Gold


c_740_198_16777215_00_images_assets_Gold2_goldbarnew.jpg

Gold pushed higher again Monday, within striking distance of its best level in a month, as financial markets kept attention fixed on global growth fears and a recessionary alarm persisted in the bond market.

Bond yields had settled down on Monday after Friday's action marked the first U.S. curve inversion since 2007, but concerns around this oft-referenced recession signal persisted. U.S. stocks were indicating a mildly firmer open.

Gold for April delivery on Comex rose $3.90, or 0.3%, at $1,316.10 an once. It settled Friday at $1,312.30, the highest finish for a most-active contract since Feb. 28. The contract scored a weekly gain of 0.7%, which marked its third weekly rise in a row, according to FactSet data.

The gold-backed SPDR Gold Shares exchange-traded fund edged up by 0.4%, after logging a weekly rise of 0.8%.

In other metals trade Monday, May silver rose 9 cents, or 0.6%, at $15.50 an ounce, and had settled up 0.5% for last week.

Source : MarketWatch


RELATED NEWS

  • Gold futures edged slightly higher Tuesday, gaining some ground a day after a rally in stocks helped to prompt some selling in bullion. Gold for December delivery rose $1.80, or 0.1%, to $1,513.40 an...
  • Gold prices recovered to over $1,500 an ounce on Tuesday, following the previous session's steep fall, as focus turned to U.S. Federal Reserve policy statements and growth concerns. Spot gold was up ...
  • Gold prices held steady on Tuesday after posting their biggest daily decline in a month in the previous session, plummeting below a key psychological level of $1,500 an ounce. Spot gold edged up 0.1%...

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.