PT Solid Gold Berjangka | Gold Steady After Dollar Boost Ahead of Inflation Data This Week
GOLD EMAS Spot Emas Gold Spot PT SGB Solid Group SG Berjangka Solid Gold Berjangka
Solid Gold Berjangka | Gold was steady after closing higher in the previous session on a weaker US dollar, which boosted the appeal of commodities priced in the currency.
Bullion added 0.4% on Monday after the greenback eased. The focus for traders is turning to economic figures due at the end of this week, including the Federal Reserve’s preferred gauge of consumer costs, which should offer clues on when the central bank will pivot to monetary easing.
The precious metal capped its biggest decline in two weeks on Friday, when strong US services activity bolstered the case for a more hawkish stance from the Fed. Higher rates are generally bearish for non-interest bearing gold.
Gold, which reached an all-time high last month, is 13% higher this year. Along with expectations of US rate cuts, it has been supported by haven purchases due to the conflicts in Ukraine and the Middle East, as well as buying by central banks and Chinese consumers
Spot gold was little changed at $2,330.48 an ounce as of 8:55 a.m. in Singapore. The Bloomberg Dollar Spot Index was steady. Silver dipped and platinum rose, while palladium was flat after closing 4.1% higher on Monday.
Source : Bloomberg