Thursday, January 21, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Gold Foreign Gold Coins

Gold inches lower as firmer dollar offsets virus fears

Gold Investment Experts by Gold Investment Experts
in Foreign Gold Coins
2 min read
0
Gold inches lower as firmer dollar offsets virus fears
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Gold costs edged down on Tuesday from the earlier session’s close to three-week excessive as equities regained some floor, however considerations the coronavirus outbreak might influence the worldwide financial system cushioned safe-haven bullion’s losses.

Spot gold was down 0.7% to $1,570.64 per ounce, having touched its highest since Jan. eight on Monday. U.S. gold futures have been down 0.46% to $1,570.1.

“The flight to security isn’t persevering with at present. Fairness markets have stabilized, European equities are broadly flat, so the wave of danger aversion that swept throughout the monetary markets appears to be off,” mentioned Julius Baer analyst Carsten Menke.

European markets steadied after the day before today’s thumping, whereas the U.S. dollar rose to a close to two-month excessive.

Nevertheless, considerations the coronavirus outbreak might hinder the worldwide financial system persist, Menke mentioned, including reactions to the spreading virus had been very completely different throughout markets and the decline in oil costs advised a slowdown of financial exercise in China.

Gold is seen as a substitute funding throughout instances of financial and political uncertainties.

The dying toll from the virus reached 106 in China and a few well being specialists questioned whether or not Beijing can include the virus which has unfold from the town of Wuhan to greater than 10 nations.

The outbreak has prompted authorities to impose journey restrictions and prolong the Lunar New 12 months holidays, which helped bullion to rise for the previous 4 classes.

“Fears over the Wuhan virus have pushed the rally (in gold), however it seems that traders a lot want the security of high-grade authorities bonds to the yellow steel,” Jeffrey Halley, senior market analyst, OANDA, mentioned in a observe.

Benchmark U.S. 10-year Treasury yields fell to their lowest since Oct. 10.

Authorities bonds are additionally thought-about a safe-haven asset throughout instances of financial and political uncertainty.

Additionally on traders’ radar was the U.S. Federal Reserve’s first coverage assembly of the 12 months, scheduled to begin later within the day. Fed Fund futures present merchants count on the U.S. central financial institution to maintain rates of interest unchanged.

Decrease rates of interest scale back the chance price of holding non-yielding bullion.

Elsewhere, palladium jumped 1.1% to $2,293.34 an oz, having declined about 7% within the earlier session.

Silver fell 0.3% to $18.04, whereas platinum rose 0.4% to $986.98.



Source link

Related posts

Gold Price Preview: October 19

Gold Price Preview: October 19

Gold Price Recap: April 20

Gold Price Recap: April 20

Previous Post

Gold surges on spread of coronavirus

Next Post

Gold Markets: Coronavirus in focus

Next Post
Gold prices ease as strong US data lifts dollar, yields

Gold Markets: Coronavirus in focus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Demand for business loans from city-nonprofit partnership less than expected as uncertainty clouds future

Demand for business loans from city-nonprofit partnership less than expected as uncertainty clouds future

ANALYSIS-World’s ultra-wealthy go for gold amid stimulus bonanza

ANALYSIS-World’s ultra-wealthy go for gold amid stimulus bonanza

Keysight (KEYS) Acquires Eggplant, Boosts Software Automation

Beat Inflation, Grow Your Dividends 10,000%. Here’s How.

Gold Continues To Outperform Its Closest Competitors

Gold Continues To Outperform Its Closest Competitors

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    11 shares
    Share 4 Tweet 3
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Palladium Surges above $2,400. Is It Sustainable?

    3 shares
    Share 1 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    2 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    2 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Silvercorp Won Auction To Acquire the Zhonghe Silver Project in Luoning County, Henan Province, China
  • Red Coral jewelry Market Demand, Top Key Players, Applications, Business Statistics and Research Methodology by Forecast to 2027 – Reviewindependent

Recent News

NGL Energy Partners LP to Participate in the 2020 RBC Midstream Energy Virtual Conference

Silvercorp Won Auction To Acquire the Zhonghe Silver Project in Luoning County, Henan Province, China

Red Coral jewelry Market Demand, Top Key Players, Applications, Business Statistics and Research Methodology by Forecast to 2027 – Reviewindependent

Red Coral jewelry Market Demand, Top Key Players, Applications, Business Statistics and Research Methodology by Forecast to 2027 – Reviewindependent

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.