DJIA26075.30
LIVE368.59(1.43%)
NDX10836.33
LIVE81.74(0.76%)

Gold Prices Bounce Higher As Traders Watch For ECB Decision, Jobless Claims


Thursday, 4 June 2020 19:19 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD_2013-05-28_195847.png

Gold prices rose on Thursday as investors awaited policy actions by the European Central Bank which could influence gold trade.

The ECB is expected to expand its €750 billion Pandemic Emergency Purchase Program by €500 billion after ECB President Christine Lagarde downgraded the central bank’s eurozone gross domestic product estimate to a drop between 8% and 12% this year.

The ECB’s updated policy statement will be released at 7:45 a.m. Eastern Time, and will be followed by a news conference featuring Christine Lagarde, 45 minutes later.

Gold buying has been buoyed by central bank stimulus measures to limit the economic harm from the COVID-19 pandemic, but signs of economies coming back to life from lockdowns to halt the spread of the deadly infection has dulled bullion’s appeal.

Gold for August delivery on Comex was trading $9.70, or 0.6%, higher at $1,714,50 an ounce, after tumbling 1.7% on Wednesday, amid a strong rally in global equities.

Meanwhile, July silver added 5 cents, or 0.3%, at $18.005 an ounce, following a 1.7% drop in gold’s sister metal on Wednesday.

Source : Market Watch


RELATED NEWS

  • Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases. The U.S. reported over 60,000 cases on Thursday, with Texas...

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.