Gold Inches Lower as New Coronavirus Cases Dip

Tuesday, 11 February 2020 19:54 WIB GOLD EMAS

Gold edged back from the previous day's near one-week high on Tuesday as European stocks surged to record highs and the dollar hit a four-month peak, with a drop in the number of new confirmed cases of coronavirus providing a glimmer of relief. Spot gold was down 0.3% at $1,567.54 per ounce, having touched its highest since Feb. 4 at $1,576.76 on Monday. U.S. gold futures shed 0.5% to $1,571.10. European shares hit a record high, while Asian share markets followed Wall Street higher on Tuesday as the number of new coronavirus cases slowed in China and the country’s factories slowly returned to work. Source : Reuters



Oil prices indicated that global markets face a renewed surplus as Asia’s coronavirus hits demand, with discounts on prompt supplies emerging across the Brent futures curve. Brent crude has moved into a full “contango” structure in which each...

The U.S. dollar remained in demand Tuesday, boosted by its safe haven status as the coronavirus outbreak continues to spread and also by signs of strength from the U.S. economy. At 03:00 ET (08:00 GMT), EUR/USD traded at 1.0911, marginally up on...

Gold dropped after four straight days of gains as risk-on sentiment came back into markets, even as investors continued to weigh the economic impact of the spreading coronavirus. U.S. and European stock futures climbed with Asian...

GBP/USD trades near 1.2915, +0.03%, while heading into the London open. While the market’s worry ahead of the key data/events keeps the pair under pressure, the US dollar’s pullback and recovery in risk-tone seem to help the pair off-late. The...

Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China. Brent crude (LCOc1) rose 70 cents, or 1.3%, to $53.97 a barrel by 04:28...

Gold steadied after four straight days of gains as investors continued to weigh the potential economic impact of the spreading coronavirus, with some risk-on sentiment coming back into markets. Asian equities opened higher Tuesday after...


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