DJIA21413.44
LIVE0(0.00%)
NDX7635.66
LIVE0(0.00%)

Gold Parades Haven Status as Spike in Tensions Sets Off Tremors


Wednesday, 4 December 2019 15:39 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_Gold2_goldcorre.jpg

After posting a steep loss in November, gold is reasserting itself as December opens. Bullion added to the biggest gain in more than a month as tensions between the U.S. and China flared up again and Washington picked trade fights in Europe and South America, hurting appetite for risk.

The haven surged on Tuesday after President Donald Trump doused optimism that there'd be a quick trade deal with Beijing and said he's fine with equities declining. Traders also braced for retaliation from China after the U.S. House of Representatives approved legislation that would impose sanctions on Chinese officials over rights abuses against Muslim minorities.

Spot gold rose as much as 0.4% to $1,484.09 an ounce -- climbing for the fourth time in the past five sessions -- and was at $1,483.32 at 7:45 a.m. in London. Prices advanced 1% on Tuesday, the most since Oct. 31., and ended at a four-week high. So far this year, it’s up 16%.

Source : Bloomberg


RELATED NEWS

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.