Gold Down 4th Straight Session as Traders Cast a Wary Eye on Economic Data Amid Coronavirus Spread

Thursday, 2 April 2020 01:46 WIB



Gold futures on Wednesday started the month with a loss, stretching their decline to a fourth straight session, as traders cast a wary eye on the latest U.S. economic data amid the spread of the COVID-19 pandemic, which has helped to partly support gold buying or at least limited downside for the precious metal.

Equity markets are "down on dire modeling predictions” from U.S. officials Monday on the number of potential deaths in the nation from the coronavirus pandemic, said Jeff Wright, executive vice president of GoldMining Inc.

U.S. economic data Wednesday came in better than expected, but analysts said they don't include much of the impact from the COVID-19 pandemic.

June gold on Comex fell $5.20, or 0.3%, to settle at $1,591.40 an ounce. That marked a fourth decline in a row for the contract. 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 : Marketwatch


  • Gold prices gained from last session’s fall on lingering political tensions and a weaker dollar, but were still near their lowest in over a week as equities were set to extend their gains on economic ...



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.