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POPULAR NEWS
Gold prices end lower on growing tensions between the U.S and China over Hong Kong

Gold futures ended lower Wednesday, but of session lows as tensions between the U.S. and China worsened after Secretary of State Mike Pompeo announced that Hong Kong is no longer autonomous from China. The announcement could lead the Trump Administration to revoke special treatment for the Hong Kong economy, which is exempt from tariffs levied on Chinese imports. Jeff Wright, executive vice president of GoldMining Inc., had expected to see a "snap back" in prices with U.S.-China tensions...

Gold falls 1% as risk appetite firms on recovery optimism

Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite. Spot gold slipped 1.1% to $1,710.95 per ounce, having earlier hit a low since May 13 at $1,708.47. U.S. gold futures settled down 1.7% at $1,705.60. U.S. stocks surged as investors grew optimistic about business restarts and a potential coronavirus vaccine. Elsewhere, palladium dropped 1.3% to $1,966.43 per ounce, platinum fell...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal. Gold for June delivery on Comex fell $10.60, or 0.6%, to $1,724.90 an ounce, while July silver was up 9.7 cents, or 0.5%, at $17.79 an ounce. Gold is trading "in a scenario where investors are looking for fresh stimuli to move markets. The risk on approach...

Gold eases as equities rally; Hong Kong woes limit losses

Gold edged lower on Tuesday as hopes of economic recovery lifted share markets with many countries easing coronavirus-driven lockdowns, although Sino-U.S. tensions over Hong Kong limited bullion's losses. Spot gold was down 0.3% at $1,724.74 per ounce by 09:06 GMT. U.S. gold futures fell 0.6% to $1,725.10. Elsewhere, palladium dropped 0.9% to $1,973.32 per ounce and platinum fell 0.6% to $833.17, while silver jumped 1% to $17.37. Source : Reuters

Gold Slides Below $1,700 an Ounce as Stock-Market Rally Dulls Haven Appeal

Gold lost ground Wednesday, sliding below the psychologically important $1,700-an-ounce level as an ongoing stock-market rally in response to easing COVID-19 lockdowns robbed the yellow metal of its haven appeal. Gold for June delivery on Comex dropped $12.60, or 0.7%, to $1,693 an ounce, while July silver was off 13 cents, or 0.7% at $17.465 an ounce. A dip below $1,700 could turn into a further correction, said Carsten Fritsch, analyst at Commerzbank, in a note. U.S. equities rose sharply...

Pound Steadies as Traders Wait on Brexit Confusion
Wednesday, 23 October 2019 08:32 WIB | CURRENCIES |GBP/USDPoundsterlingSterling,pound

The pound steadied on Wednesday after an overnight fall as Brexit hung in the balance, with the UK Parliament still divided on how, when or even if to engineer Britain's departure from the European Union.

On Tuesday, UK lawmakers voted by 329 to 299 in favor of Prime Minister Boris Johnson's Brexit plan, but then opposed Johnson's extremely tight timetable to complete the legislative process in three days by 322 to 308 votes.

It is now up to the EU to decide whether to extend Britain's Oct. 31 deadline for its departure from the bloc, although there is hope Britain can avoid the worst case scenario, which is leaving the EU without any deal in place.

The pound traded at $1.2880, stabilizing after a 0.7% drop on Tuesday. Against the euro, the pound as steady at 86.38 pence following a 0.5% decline in the previous session.

Source : Reuters

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POPULAR NEWS
Gold prices end lower on growing tensions between the U.S and China over Hong Kong

Gold futures ended lower Wednesday, but of session lows as tensions between the U.S. and China worsened after Secretary of State Mike Pompeo announced that Hong Kong is no longer autonomous from China. The announcement could lead the Trump Administration to revoke special treatment for the Hong Kong economy, which is exempt from tariffs levied on Chinese imports. Jeff Wright, executive vice president of GoldMining Inc., had expected to see a "snap back" in prices with U.S.-China tensions...

Gold falls 1% as risk appetite firms on recovery optimism

Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite. Spot gold slipped 1.1% to $1,710.95 per ounce, having earlier hit a low since May 13 at $1,708.47. U.S. gold futures settled down 1.7% at $1,705.60. U.S. stocks surged as investors grew optimistic about business restarts and a potential coronavirus vaccine. Elsewhere, palladium dropped 1.3% to $1,966.43 per ounce, platinum fell...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal. Gold for June delivery on Comex fell $10.60, or 0.6%, to $1,724.90 an ounce, while July silver was up 9.7 cents, or 0.5%, at $17.79 an ounce. Gold is trading "in a scenario where investors are looking for fresh stimuli to move markets. The risk on approach...

Gold eases as equities rally; Hong Kong woes limit losses

Gold edged lower on Tuesday as hopes of economic recovery lifted share markets with many countries easing coronavirus-driven lockdowns, although Sino-U.S. tensions over Hong Kong limited bullion's losses. Spot gold was down 0.3% at $1,724.74 per ounce by 09:06 GMT. U.S. gold futures fell 0.6% to $1,725.10. Elsewhere, palladium dropped 0.9% to $1,973.32 per ounce and platinum fell 0.6% to $833.17, while silver jumped 1% to $17.37. Source : Reuters

Gold Slides Below $1,700 an Ounce as Stock-Market Rally Dulls Haven Appeal

Gold lost ground Wednesday, sliding below the psychologically important $1,700-an-ounce level as an ongoing stock-market rally in response to easing COVID-19 lockdowns robbed the yellow metal of its haven appeal. Gold for June delivery on Comex dropped $12.60, or 0.7%, to $1,693 an ounce, while July silver was off 13 cents, or 0.7% at $17.465 an ounce. A dip below $1,700 could turn into a further correction, said Carsten Fritsch, analyst at Commerzbank, in a note. U.S. equities rose sharply...

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