Gold settles lower after 4-session climb lifted prices near a 6-year high

Thursday, 27 June 2019 01:30 WIB



Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks.

Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets “but in my opinion, that is a wait and see catalyst,” said Wright. “We have experienced too many start and stop moments to have faith a deal is imminent.”

August gold settled at $1,415.40 an ounce, down $3.30, or 0.2%. The metal finished at $1,418.70 Tuesday, the highest finish for a most-active contract since Aug. 28, 2013, according to FactSet data. On Tuesday, the contract touched its highest intraday climb since May 2013 at $1,442.90 before pulling back.

Source : MarketWatch


  • Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce...



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.