DJIA21636.78
LIVE-915.39(-4.06%)
NDX7588.37
LIVE-308.76(-3.91%)

Gold buoyed as weak eurozone data underlines fears over global growth


Monday, 23 September 2019 20:36 WIB

GOLDEMASSILVER


c_740_198_16777215_00_images_assets_Gold2_1030251antam-780x390-780x390.jpg

Gold rose Monday, finding support after a round of downbeat data out of the eurozone underlined worries about global growth prospects and as traders continued to keep an eye on U.S.-China trade talks.

Gold for December delivery on Comex rose $11.10, or 0.7%, to $1,526.20 an ounce, while December silver jumped 57.1 cents, or 3.2%, to $18.42 an ounce.

The yellow metal gained ground after data indicated manufacturing activity in the eurozone contracted more sharply in September, posting its worst reading in nearly seven years. The flash eurozone manufacturing purchasing managers index fell to an 83-month low of 45.6 in September, down from 47 in August. Economists polled by FactSet had forecast a 47.3 reading — a figure of less than 50 indicates activity declined.

Among individual country readings, Germany's manufacturing PMI reading fell to its lowest in more than a decade.

Source : MarketWatch


RELATED NEWS

  • Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the phys...

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.