DJIA22327.48
LIVE690.70(3.19%)
NDX7889.01
LIVE300.64(3.96%)

Gold Marks First Loss in 4 Sessions


Friday, 20 September 2019 01:13 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_0gold-bullion.jpg

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year.

"The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold.

December gold declined by $9.60, or 0.6%, to settle at $1,506.20 on Comex after posting gains over the last three sessions.

Source : Marketwatch


RELATED NEWS

  • 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 ...

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.