DJIA25958.90
LIVE216.25(0.84%)
NDX9685.75
LIVE28.44(0.29%)

Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years


Friday, 27 March 2020 10:16 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_010313moneygold_512x288.jpg

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus’ economic toll, but the metal was headed for its best weekly gain in more than 11 years.

Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday.

The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve’s unprecedented economic stimulus measures.

U.S. gold futures fell 0.8% to $1,638.80.

Source : Reuters


RELATED NEWS

  • Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment. Spot gold was down 0.2% at $1,722.93 per ounce, as of...
  • Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited among analysts for the fall in prices. U.S. unrest an...

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.