Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on Wednesday.
Investors eyed the rising number of cases in the U.S., which lifted expectations for further central bank stimulus measures to offset the effects of the pandemic's hit to the economy.
August gold rose $12.20, or 0.7%, to settle at $1,814.10 an ounce. Prices on Wednesday settled at $1,820.60, the highest for a most-active contract since Sept. 14,...
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...
Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday.
Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic.
Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index
The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified.
The index that measures the dollar against a basket of six other major currencies - which often serves as a safe-haven for investors seeking high-quality assets in moments of market volatility - was down 0.31% in North American morning trade. The dollar ended its third week of losses on Friday as...
Hong Kong stocks finished Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub.
The Hang Seng Index added 0.17 percent, or 44.71 points, to 25,772.12.
The benchmark Shanghai Composite Index climbed 1.77 percent, or 59.96 points, to 3,443.29 while the Shenzhen Composite Index on China's second exchange jumped 3.48 percent, or 78.39 points, to 2,329.40.
Source : AFP