Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark.
Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a number of bullish developments for prices, however, including the increases in cases of coronavirus, which is supportive for the haven metal, he said. August gold fell 70 cents, or 0.04%, to settle at...
Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in global stock markets, on the heels of some positive news surrounding a coronavirus vaccine limited gold's price climb. August gold rose 40 cents, or 0.02%, to settle at $1,813.80 an ounce.
Source : Marketwatch
Gold held a two-day advance above $1,800 an ounce as investors tracked tensions between the U.S. and China, progress in developing a coronavirus vaccine, and the mixed outlook for the global economy. Silver futures neared $20 an ounce.
President Donald Trump ordered an end to Hong Kong™s special status with the U.S., the latest escalation in tensions between the world™s largest economies. Trump also said he had no plans to speak with Chinese President Xi...
The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained.
The U.S. dollar index, which measures the safe-haven greenback against a basket of six rival currencies, was down 0.31% to 96.265. The weaker dollar was partly attributable to a move higher in the euro on hopes the European Union will agree on a rescue financing package that will limit the economic damage to the bloc from the...
Hong Kong shares finished more than one percent lower Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again.
The Hang Seng Index shed 1.14 percent, or 294.23 points, to 25,477.89.
The benchmark Shanghai Composite Index fell 0.83 percent, or 28.67 points, to 3,414.62 while the Shenzhen Composite Index on China's second exchange slipped 0.85 percent, or 19.83 points, to 2,309.57.
Source : AFP