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

Gold Holds Gain, Silver Rallies on Weaker Dollar


Wednesday, 15 July 2020 17:20 WIB

GOLDEMAS


Gold held a two-day advance and silver extended gains as the dollar weakened, making havens like precious metals more appealing even amid optimism over a coronavirus vaccine.

Moderna Inc.’s Covid-19 vaccine produced antibodies to the virus in all patients tested in an initial trial. Still, the U.S. recovery “is stalling somewhat” as infections rise, Federal Reserve Bank of Dallas President Robert Kaplan warned Tuesday. The dollar fell to a one-month low.

Spot gold was little changed at $1,809.34/oz at 10:49am in London. Spot silver gained 0.6%, while Comex futures rose as much as 1.5% to $19.815/oz, the highest since Sept. 2016. Platinum also advanced, while spot palladium was little changed. The Bloomberg Dollar Spot Index fell 0.4%.

The resurgent threat from the coronavirus “may spur higher safe-haven investment demand for both gold and silver, especially in the West,” Eily Ong, Bloomberg Intelligence analyst, wrote in a note.

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.