PT Solid Gold Berjangka | Gold Eases after Hitting 3-Week High as Dollar, US Yields Rise
GOLD EMAS Spot Emas Emas berjangka Dolar Spot PT SGB Solid Group SG Berjangka Solid Gold Berjangka
Solid Gold Berjangka | Gold prices eased on Thursday, after hitting a more than three-week high earlier, as an uptick in the U.S. dollar and Treasury yields undermined the support from expectations of rate cuts by the Federal Reserve early next year.
Spot gold lost 0.4% to $2,069.79 per ounce by 2:20 p.m. ET (1920 GMT), after rising as high as $2,088.29 earlier, the most since Dec. 4, when bullion hit its all-time peak. U.S. gold futures settled down 0.5% at $2,083.50.
The dollar index rose 0.3% after hitting a five-month low. Benchmark 10-year bond yields also rose, coming off their lowest levels since July.
U.S. jobless claims rose last week, indicating the labor market continues to cool in the year’s fourth quarter.
Spot silver fell 1% to $24.01 per ounce. Platinum gained 0.6% to $1,002.50, after hitting its highest since June, while palladium dropped 2% to $1,129.70. Both autocatalytic metals were on track to log yearly declines.
Source : Reuters