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 was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections.
Spot gold little changed at $1,583.58/oz at 9:14am in Singapore. Price +0.9% last week. Bloomberg Dollar Spot Index steady.
China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan said...
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...
The dollar was mixed against developed-market peers in early trading on Monday after hitting a new four-month high in overnight trading.
The greenback was also a touch weaker against the Chinese yuan after the People™s Bank of China added to its already extensive stimulus measures since the outbreak of the Covid-19 virus in cutting its medium-term financing rate to a new record low.
The measures reflated Chinese asset markets still further, leaving the benchmark stock index where it was...
Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus.
The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent or 14.46 points at 1,688.41.
Source : AFP