PT Solid Gold Berjangka | Gold Edges Down as Investors Take Profits After Last Week’s Safe-Haven Gains
SOLID GOLD BERJANGKA | Gold closed lower Monday on profit taking as its price last week rose to an 11-week high as investors turned to the metal’s safe haven amid worries over a widening war in the Middle East.
Gold for December delivery closed down US$6.60 to settle at US$1,987.80 per ounce.
The drop comes as international efforts to protect and succor Gaza citizens and free hostages continue amid a rising Israeli bombardment of the territory. Water, power and food for Gaza’s two-million citizens was cut off following terror attacks on Israel from Hamas militias earlier this month that killed hundreds of civilians.
Israel is also fighting with the Iran-backed Hezbollah militia across its border with Lebanon but the war has yet to spread into other areas of the Middle East or disrupt oil production in the region.
The dollar also moved down, with the ICE dollar index last seen down 0.61 points to 105.56.
Treasury yields were also lower. The US two-year note was last seen paying 5.08%, down 3.0 basis points, while the yield on the 10-year note was down 7.9 points to 4.848%.
Source : MT Newswires , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA
Source : MT Newswires , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA
Source : MT Newswires , PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA