DJIA26643.52
LIVE557.18(2.14%)
NDX10689.52
LIVE87.31(0.82%)

Gold futures post a nearly 4% weekly gain


Saturday, 22 February 2020 02:08 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_0gold-bars-with-dollar-stamp.jpg

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013.

"Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary.

April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet data.

Source: Marketwatch


RELATED NEWS

  • Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or...
  • Gold futures edged lower Tuesday, slipping just under the psychologically important $1,800-an-ounce level. Gold for August delivery on Comex was off $14.70, or 0.8%, at $1,799.40 an ounce, while Sept...

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.