Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet
Monday, 16 September 2019 08:21 WIB | PRECIOUS METALS |GOLDEMAS
Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve.
Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest crude-processing facility in Abqaiq and the kingdom's second-biggest oil field in Khurais. The U.S. has blamed Iran for the disruption, a charge that™s been rejected by Tehran.
Spot bullion climbed as much as 1.6% to $1,512.14 an ounce and was at $1,507.66 at 9:04 a.m. in Singapore, while silver advanced as much as 2.1% to $17.8160 an ounce. Platinum also rose, while palladium dropped for a second day after hitting a record last week.
Source : Bloomberg
Saturday, 19 October 2019 03:40 WIB
Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday™s market, letting prices dip, with few leads to chase, ahead of a weekend p...
Friday, 18 October 2019 20:44 WIB
Gold fell on Friday after the Brexit deal struck by Britain and the European Union, although losses were limited by weak economic data from the United States and China.
Spot gold was down 0.1% to $1,...
Friday, 18 October 2019 18:08 WIB
Gold prices dipped on Friday as investors booked profit after the European Union forged a new Brexit deal with Britain, though a floor was kept under prices by uncertainties over trade negotiations an...
Friday, 18 October 2019 08:47 WIB
Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal.
Friday, 18 October 2019 03:38 WIB
Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed t...