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

Gold Steadies After Biggest Loss in a Month on Trade Optimism


Wednesday, 6 November 2019 09:26 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_1.jpg

Gold steadies after posting the biggest loss in more than a month as investors weighed the strength of the global economy and prospects for a U.S.-China trade deal.

Spot gold +0.2% to $1,486.71/oz after -1.7% on Tuesday, the most since Sept. Spot silver +0.3% after two days of declines. Platinum steady at $928.48/oz; palladium -0.3%.

In a speech on Tuesday, President Xi Jinping stressed China’s commitment to the global trading order as his negotiators wrangle with the U.S. over rolling back punitive tariffs ahead of an initial deal. News that U.S. service industries expanded more than forecast in October triggered a brief equity rally on Wall Street, but pushed market pricing for another rate cut from the Federal Reserve further out.

Source : Bloomberg


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.