DJIA27110.98
LIVE829.16(3.15%)
NDX9824.39
LIVE194.73(2.02%)

Gold Pops as Virus Concerns Ignite Global Stampede Into Havens


Friday, 21 February 2020 16:59 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_003m_KVWD.jpg

The stars have aligned for gold as concerns the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary policy combine to trigger a powerful global hunt for havens.

Bullion headed for the biggest weekly gain in more than six months as prices hit a seven-year high. With bond yields in retreat and real U.S. interest rates sinking further into negative territory, gold-backed exchange-traded fund have posted a record run of inflows and stand at the most ever.

Spot gold climbed 0.8% to $1,632.67 per ounce, the highest since Feb. 2013, and was at $1,631.63 at 07:06 a.m in London. Prices are up 3% this week, the most since the week ended Aug. 9.

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.