DJIA28015.06
LIVE337.27(1.22%)
NDX8397.37
LIVE88.97(1.07%)

Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up


Wednesday, 22 May 2019 01:36 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_GOLDNUGGET.jpg

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks.

June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data.

Gold's recent gains had been supported by increased U.S.-China trade tensions and worries about other political uncertainties, including the threat of military escalation between Iran and the U.S. and a disorderly exit from the European Union by Britain.

Gold futures managed to pare some of its earlier losses after data on U.S. existing-home sales showed an adjusted annual rate of 5.19 million in April, 0.4% lower than March.

Source : Marketwatch


RELATED NEWS

  • Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new...

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.