DJIA25392.50
LIVE9.39(0.04%)
NDX9570.14
LIVE14.61(0.15%)

Gold Falls as Cash Dash, Strong Dollar Override Stimulus


Monday, 23 March 2020 13:28 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_003m_KVWD.jpg

Gold prices fell on Monday as investors stockpiled cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the economic damage.

Spot gold slipped 0.2% to $1,494.63 per ounce by 0320 GMT, after rising as much as 3.1% in the previous session on a wave of stimulus.

U.S. gold futures climbed 0.8% to $1,496.70 per ounce.

Another concern is the possibility of central banks having to sell gold to buy dollars as the greenback continues to strengthen, he added.

The dollar held near a three-year high against major currencies as fresh declines in global stocks and worries about tightening liquidity amid the worsening crisis accelerated the flight to cash.

Source : Reuters


RELATED NEWS

  • Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending ...

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.