DJIA27147.08
LIVE36.28(0.13%)
NDX7888.56
LIVE-0.23(-0.00%)

Gold Gains on Weaker Dollar, Rising Equities Cap Upside


Friday, 13 September 2019 19:19 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_Gold2_emas-perhiasan111.jpg

Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains.

Spot gold rose 0.5% to $1,506.61 per ounce, but was marginally down for the week. U.S. gold futures rose 0.5% to $1,514.30 per ounce.

“The main reason is that the dollar is lower. Market focus is now on the Federal Reserve meeting and retail sales data, which is due today,” ABN Amro analyst Georgette Boele said.

The U.S. dollar slipped from an over one-week high scaled in the previous session as the euro surged on rising German bond yields as investors bet the European Central Bank was done cutting interest rates.

Source : Reuters


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.