Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed weekly U.S. jobless claims remained well above one million.
August gold fell $16.80, or 0.9%, to settle at $1,803.80 an ounce, a day after the most-active contract rose 0.6% to settle at $1,820.60, the highest since Sept. 14, 2011, according to FactSet data. Prices on Thursday touched a low of...
Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped.
The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and deaths.
Spot gold little changed at $1,809.01/oz at 8:09am in Singapore. On Wednesday, prices touched...
Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since September 2011, but silver and platinum futures were staging a sharp advance.
Precious metals have mostly benefited from expectations for a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic, but some analysts say that July also has been a seasonally strong period for gold due to heightened physical...
The dollar rallied from a four-week low in choppy trading on Thursday, enhancing the greenback's safe-haven appeal, as U.S. stocks fell with market sentiment turning cautious as the United States hit another record high on new coronavirus cases.
The euro, meanwhile, fell from a one-month high versus the dollar, while commodity currencies, which tend to rise when there's higher risk appetite also slid against the greenback.
Some analysts said dollar sentiment turned higher after the U.S....
Hong Kong stocks finished with more gains on Thursday, in line with advances across Asia following another record-breaking lead from Wall Street.
The Hang Seng Index rose 0.31 percent, or 80.98 points, to 26,210.16.
The benchmark Shanghai Composite Index climbed 1.39 percent, or 47.15 points, to 3,450.59 while the Shenzhen Composite Index on China's second exchange jumped 2.70 percent, or 59.33 points, to 2257.95.
Source : AFP