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 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
Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment.
August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data.