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Gold Steady After Weekly Advance Amid Virus Concerns


Monday, 15 June 2020 08:08 WIB

GOLDEMAS Spot Emas


Gold was steady after a weekly gain on growing demand for havens amid concern over a resurgence in the coronavirus pandemic, and its effect on the global economy.

Bullion found support as Beijing shuttered the city's largest fruit and vegetable supply center and locked down nearby housing districts as dozens of people associated with the market tested positive. The daily increase in U.S. cases matched the one-week average, while Florida's cases outpaced the weekly trend for a fifth day. South Africa posted record new cases for a second day.

Spot gold little changed at $1,732.76/oz at 7:54am in Singapore after +2.7% last week; +14% YTD Silver steady, platinum -0.3%, palladium -0.7%.

Source : Bloomberg


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