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

Gold Drops on China Stimulus, Trade Talk Optimism


Wednesday, 15 May 2019 15:48 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_11Aharga-emas7.jpg

Gold declines as expectation of stimulus measures to prop up Chinese growth buoys stocks even as investors gauge news flow from the U.S.-China trade war and rising tensions between Washington and Iran.

China’s industrial output, retail sales and investment all slowed more than economists forecast in April, sparking hopes that the government will need to boost stimulus to cushion the blow from the escalating trade war.

President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship caused by tariffs. That’s even as the White House works on tariffs for the remaining $300 billion of Chinese imports and Trump prepares to meet his counterpart Xi Jinping at next month’s G-20 summit. The U.S. leader said he had a feeling further trade talks with China will be “very successful.”

Spot gold -0.2% at $1,294.57/oz at 8:23am in London, after sliding 0.2% Tuesday.

Source : Bloomberg


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.