June 3, 2020 9:40 am
Having snapped a three-day streak of gains on Tuesday, Gold extended losses in Asian and early European trade on Wednesday as investor optimism over economic recovery and prospects of more stimulus measures gave global equities a boost and dampened demand for the precious metal. “There are a lot of investors who bought gold as a […]
Read moreJune 2, 2020 9:24 am
Gold prices retreated from Monday’s 1 1/2-week highs during European trade on Tuesday, as optimism over gradual economic recovery seemed to have weighed on safe haven demand. However, concerns over strained relations between Beijing and Washington as well as riots in major US cities kept Gold’s intraday loss limited. “It appears that there are factors […]
Read moreJune 1, 2020 9:48 am
Gold prices rose for a third straight day on Monday, reaching highs unseen since May 21st, on weaker US Dollar and as unrest in major cities across the United States and rising tensions between Beijing and Washington over Hong Kong triggered a rush to safe haven assets. The streets of major US cities have been […]
Read moreMay 29, 2020 9:18 am
Having retreated to a two-week low on Wednesday on economic recovery optimism, Gold prices edged up for a second straight day on Friday, as worsening relations between Beijing and Washington seemed to have taken hold of market sentiment, supporting demand for safe haven assets. The precious metal is also poised to register its second straight […]
Read moreMay 28, 2020 9:32 am
Gold prices rebounded from two-week lows overnight and the yellow metal extended gains during European trade on Thursday, as brewing tensions between Beijing and Washington supported demand for haven assets. Gold also drew support by the recently unveiled stimulus packages worth $1.1 trillion in Japan and EUR 750 billion in the European Union respectively, aimed […]
Read moreMay 27, 2020 9:47 am
Gold prices remained close to a two-week low during European trade on Wednesday as demand for safe haven assets seemed to have faded on some optimism over economic activity recovery. Still, gold losses may be limited as rising US-China tensions remain a source of concern. “What we saw over the preceding 24 hours was a […]
Read moreMay 26, 2020 9:46 am
Gold prices drifted lower during Tuesday’s European trade, after the precious metal had drawn support in the previous sessions by tensions between Beijing and Washington over proposed new security laws on Hong Kong. While China’s foreign ministry office in Hong Kong and the city’s security chief spoke in defense of the proposed legislation and proclaimed […]
Read moreMay 25, 2020 9:45 am
Spot Gold slid to an intraday low in Asia trade on light volume, but managed to recoup part of those losses in early European session, as intensifying tensions between the United States and China kept safe haven asset demand supported. Beijing’s move to impose a national security law on Hong Kong raised concerns over the […]
Read moreMay 22, 2020 9:36 am
Having touched a one-week low yesterday, Gold gained some ground on Friday, as escalating tensions between Beijing and Washington heightened the appeal of safe haven assets. US President Trump warned of a “very strong” US reaction to new Chinese national security legislation on Hong Kong, which is seen as an attempt to increase China’s control […]
Read moreMay 21, 2020 9:34 am
Gold retreated from yesterday’s highs on Thursday, as optimism over a timely economic recovery from the coronavirus crisis prompted market players to trim their safe haven bets. “There is still some optimism and risk-on sentiment about the possibility of a vaccine and talks of lockdown easing and growth slowly picking up,” National Australia Bank economist […]
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