DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

Gold Shines as Virus Fears And Unknowns Boost Haven Demand


Friday, 31 January 2020 10:11 WIB

GOLDEMASSILVER


Gold headed for a second monthly gain as investors flocked to haven assets amid a global scramble to contain the spread of the coronavirus.

The World Health Organization declared the outbreak in China a public health emergency of international concern, a step that will let health authorities aid countries with less-robust health systems. There's no sign of the outbreak abating though -- confirmed cases have jumped, the U.S. reported the first human-to-human transmission and warned Americans not to travel to China, while Russia closed its land border with the Asian nation to travelers.

Spot gold was little changed at $1,572.70 an ounce at 10:16 a.m. in Singapore, and is up 3.6% in January. On an intraday basis, bullion briefly topped $1,600 earlier this month amid a flare-up in U.S.-Iranian tensions. The flight from risk has seen holdings in global exchange-traded funds backed by bullion surge to near a record.

Among other main precious metals, silver and platinum were little changed. Palladium added 0.4%, taking its monthly gain to 19%, the most since November 2016.

Source : Bloomberg


RELATED NEWS

  • Silver held around $23 per ounce, not far from the 1-month low touched on September 14th, pressured by the Fed's hawkish pause, the potential U.S. government shutdown, and renewed concerns about indus...
  • Silver held around $23 per ounce, pressured by stronger dollar and higher Treasury Yields following the Fed's hawkish stance, as the regulator signaled one more hike and a slower monetary easing. Sti...
  • Silver decreased to a 4-week low of 22.6 USD/t.oz, pressured by a strength in the US dollar as signs of resilience in the US economy supported the outlook for the Federal Reserve to maintain borrowing...

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.