DJIA29398.08
LIVE-25.23(-0.09%)
NDX9623.58
LIVE27.88(0.29%)

Gold prices rise, head for highest finish in about 8 weeks


Thursday, 26 December 2019 20:37 WIB

GOLDEMASSILVER


c_740_198_16777215_00_images_assets_GOLD_Gold-Mining-Tool.jpg

Gold futures headed higher Thursday, on pace for a third session of gains in a row and the highest finish for the precious metal since late October.

Bullish gold investors say bullion has benefited in recent trade on doubts about a China trade deal being completed, concerns about the implications of President Donald Trump's recent impeachment by the House, and concerns about stock market valuations being stretched at least in the U.S.

Gold for February delivery on Comex rose 0.4% to $1,511.10 an ounce, after hitting a intraday peak at $1,512, which would mark the highest level for the most-active contract since Oct. 31 when it closed at $1,514.80, according to FactSet data. On Tuesday, gold rose 1.1% to break above the psychologically important level at $1,500.

March silver tacked on 19 cents, or 1.1%, to $18.045 an ounce, after surging 2% in the previous session. Gold's sister metal is trading at its highest level since Nov. 4, when it finished at $18.066 an ounce, according to FactSet data.

Source : MarketWatch


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.