Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread

Wednesday, 1 April 2020 20:22 WIB



Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal.

Earlier Wednesday, a report on private-sector employment from Automatic Data Processing Inc. ADP, -0.82% helped give gold prices a modest push higher. The report found that 27,000 jobs were lost in the month, smaller than forecasts from economists surveyed by Econoday who expected a decline of 180,000, but likely a harbinger of what is to come after jobless claims last week produced a record 3.28 million claims for the period.

June gold on Comex rose $1.50, or less than 0.1%, at $1,598.10 an ounce, after falling 2.8% on Tuesday. Based on the most-active contracts, gold futures rose 1.9% in March and gained 4.8% for the quarter, according to Dow Jones Market Data.

Source : Market Watch


  • Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about negative interest rates and a jump in flows in exchange-tr...



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.