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POPULAR NEWS
Gold futures end at lowest in 2 months, down nearly 4% for the week

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold. August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data. Source: Marketwatch

Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session. Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday. For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions. Source : Marketwatch

Wall Street Jumps On Surprise Fall In Unemployment Rate

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump. The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell. Source : Reuters

Wall Street closes up sharply on surprise U.S. jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more. Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Dow rallies 1,000 points for the first time since early April amid historic jobs surge

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic. The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1% higher. The Nasdaq Composite advanced 2.2%. The Nasdaq-100, which tracks the 100-largest nonfinancial companies in the composite, rose 2% to a record high. Friday™s rally put the S&P 500 down just 0.7% for 2020. At one point this year, the...

Gold tallies a back-to-back gain after ECB unleashes basket of easy-money measures
Friday, 13 September 2019 02:17 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures marked a second consecutive gain Thursday after the European Central Bank cut eurozone interest rates and delivered a batch of measures intended to boost the region's sluggish economy ” bullish moves for bullion.

The ECB cut its deposit rate further into negative territory, decreasing it by 10 basis points to negative 0.5%, while also announcing it would restart its monthly bond-buying program as it attempts to juice inflation and European expansion.

December gold on Comex gained $4.20 an ounce, or 0.3%, to settle at $1,507.40 an ounce after rising by 0.3% Wednesday. Silver for December delivery, meanwhile, added nearly a penny, or 0.04%, at $18.177 an ounce, after giving up less than 0.1% a day ago.

Still, gold futures finished well below the session™s high of $1,532.20 as U.S. bond yields turned higher, dulling demand for gold, which doesn™t offer a yield.

Source : Marketwatch

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POPULAR NEWS
Gold futures end at lowest in 2 months, down nearly 4% for the week

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold. August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data. Source: Marketwatch

Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session. Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday. For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions. Source : Marketwatch

Wall Street Jumps On Surprise Fall In Unemployment Rate

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump. The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell. Source : Reuters

Wall Street closes up sharply on surprise U.S. jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more. Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Dow rallies 1,000 points for the first time since early April amid historic jobs surge

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic. The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1% higher. The Nasdaq Composite advanced 2.2%. The Nasdaq-100, which tracks the 100-largest nonfinancial companies in the composite, rose 2% to a record high. Friday™s rally put the S&P 500 down just 0.7% for 2020. At one point this year, the...

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