Gold Ends Higher after Settling Last Week at 2019 Low

Tuesday, 23 April 2019 03:46 WIB



Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge.

A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing support for haven gold.

Gold for June delivery rose $1.60, or 0.1%, to settle at $1,277.60 an ounce. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet data.

Gold lost 1.5% for the holiday-shortened week, with financial markets closed for Good Friday. That marked gold’s fourth weekly loss in a row, with a jump in U.S. retail figures providing support for the dollar and dulling the appeal of the precious metal.

The SPDR Gold Shares ETF edged higher Monday after it fell over 1% lower for last week.

Source : Marketwatch




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.