Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concerns about the global economy.
April gold rose $17.20, or 1.1%, to settle at $1,603.60 an ounce. That was the highest most-active contract settlement since March 27, 2013, FactSet data show.
Source : MarketWatch
Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from Japan.
In quiet trading subdued by the U.S. Presidents Day holiday, gold futures were down 0.1% from Friday™s close at $1,584.45 a troy ounce by 8:04 AM ET (13:04 GMT). Spot gold was down 0.2% at $1,581.76 an ounce.
Silver futures were up 0.2% at $17.78, while platinum futures were up 0.2% at $970.65. Copper futures, which tend to reflect...
Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth.
Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20.
Gold is considered a hedge against risks from political and economic turmoil.
Apple's warning that its sales would fall short...
Gold prices on Monday eased from a near two-week high, as a monetary policy intervention by China's central bank to limit the economic impact from the coronavirus outbreak reassured investors and boosted demand for higher-risk assets.
Spot gold fell 0.3% to $1,580.27 per ounce, as of 10:51 GMT. U.S. gold futures shed 0.2% at $1,583.30.
Gold earlier in the session was hovering near Friday's near two-week high of $1,584.65, but pared gains as global shares rose after China cut the interest...
Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc™s revenue warning underscored the financial fallout of the coronavirus epidemic in China.
Spot gold was up 0.4% at $1,586.32 per ounce as of 0246 GMT. Earlier in the session, prices touched their highest since Feb. 3 at $1,586.90.
U.S. gold futures inched up by 0.2% to $1,589.30.
Apple is one of the largest Western firms to be hurt by the epidemic.
It said manufacturing facilities in...