Gold futures give back most of their gain from a day earlier

Wednesday, 26 February 2020 01:51 WIB



Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier.

"While economic growth concerns surrounding the coronavirus were the most recent impetus supporting gold prices, there is very little reason for gold prices to move significantly lower given the current global environment," said Jeff Klearman, portfolio manager at GraniteShares.

"Gold prices have benefited from three main factors, including heightened investor appetite for safe haven investments, continued accommodative fiscal and central bank monetary policies globally, and ongoing low inflation around the world," he said.

For now, however, prices eased back with April gold losing $26.60, or 1.6%, to settle at $1,650 an ounce after posting a gain of 1.7% on Monday.

Source : MarketWatch


  • Gold prices in Asia were down on Tuesday morning as stock markets gained. Prices of the yellow metal reached $1,645.3 overnight as investors reacted to the United States’ extension of COVID-19 restri...
  • Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George ...



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.