Monday, 20 August 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold heads for daily, weekly loss as haven dollar lifted by Turkey's unease
Friday, 10 August 2018 19:59 WIB | PRECIOUS METALS |GOLDDOLLAREMASEmas berjangka

Gold futures fell modestly Friday, hurt by a firmer dollar as the greenback drew global buying interest as a shelter from a currency crisis in Turkey and market volatility kicking up in Russia.

Gold, too, has historically had a role as a haven asset in times of global market turbulence. Instead, the precious metal™s inverse relationship to a firmer dollar, boosted in large part by rising U.S. interest rates relative to other major economies, has held the upper hand recently, as it did again on Friday.

December gold fell $1.90, or 0.2%, at $1,218.00 an ounce. The contract is headed for a 0.4% weekly decline after early-week gains gave way to a retreat Thursday and so far on Friday. The commodity, which remains near the lows of the year, is down about 1.2% for August so far and off about 8.6% in the year to date.

Global markets stumbled following a Financial Times report that the European Central Bank is growing more concerned about exposure of European banks to Turkey™s woes. The Turkish lira plunged to its lowest in a year against the U.S. dollar on Friday.

Source : Marketwatch

RELATED NEWS
Gold Trims Weekly Drop as Markets Steady After Storm...
Friday, 17 August 2018 16:51 WIB

Emas naik dengan logam mulia lainnya seiring meredanya ketegangan perdagangan global yang merugikan dolar dan mendukung kenaikan kecil dalam selera risiko. Perak masih menuju penurunan mingguan ke-10,...

Gold inches up, but set for biggest weekly fall in 15 months...
Friday, 17 August 2018 08:56 WIB

Harga emas naik lebih tinggi di awal perdagangan pada hari Jumat karena dolar tetap stabil, tetapi logam tetap di jalur untuk membukukan penurunan mingguan terbesar sejak Mei 2017. Spot emas naik 0,3...

Gold ends below the closely watched $1,200 mark for a second straight session...
Friday, 17 August 2018 01:51 WIB

Emas berjangka menetap dengan penurunan sederhana untuk menyentuh level sekitar 1 ½ tahun terendah lainnya seiring dolar AS tampaknya akan mengakhiri minggu lebih tinggi. Dolar, yang telah memperole...

Gold Firms But Remains Pinned Below Closely Watched $1,200 Mark...
Thursday, 16 August 2018 20:19 WIB

Emas berjangka naik sedikit Kamis ini dalam upaya untuk naik dari posisi terendahnya 1 1/2-tahun yang dicapai minggu ini karena reli dolar AS berhenti setelah memperlihatkan mata uang tersebut ke tert...

Gold Steadies as Other Commodities Recover From Rout...
Thursday, 16 August 2018 16:17 WIB

Emas stabil karena komoditas memangkas kembali kerugian pasca penurunan yang didorong oleh dolar yang kuat dan ketakutan bahwa krisis keuangan Turki dan ketegangan perdagangan AS-Cina akan melemahkan ...

POPULAR NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday,...

Gold ends below the closely watched $1,200 mark for a second straight session

Gold futures settled with a modest loss to mark...

Gold inches up, but set for biggest weekly fall in 15 months

Gold prices edged higher in early trade on...

LATEST NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over further sanctions on Turkey. The ICE U.S. Dollar Index which measures the greenback against six...

Consumer Sentiment in U.S. Declines to Lowest in Almost a Year

U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment...

U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil

U.S. stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey's lira. The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%,...