• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Kamis, Juni 30, 2022
  • Login
No Result
View All Result
NEWSLETTER
Eksplorasi.id
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
Eksplorasi.id
No Result
View All Result
Home ENGLISH NEWS

Gold price set for biggest weekly decline since March

During the first quarter, global investment demand for gold surged 80%, more than offsetting the steep decline in the consumer-driven sectors of the gold market.

by Eksplorasi.id
2 Mei 2020
in ENGLISH NEWS
0
Barrick to invest $10 million in Dominican-focused precipitate gold

Gold bars illustration. | Photos: Special.

0
SHARES
143
VIEWS
Share on FacebookShare on Twitter

Eksplorasi.id – Gold is headed for its largest weekly decline since mid-March as European nations begin to relax their lockdown measures, and while the US recorded its slowest daily increase in covid-19 cases for the month of April.

The gold price soared to a seven-year high in late March, with the performance linked to government responses to the pandemic. The precious metal benefited from an injection of cash from stimulus packages and uncertainties of the ensuing economic fallout led investors to pile in on safe haven assets.

During the first quarter, global investment demand for gold surged 80%, more than offsetting the steep decline in the consumer-driven sectors of the gold market.

The optimism that markets could begin to return to normalcy, however, has given investors more appetite for risk, sending the price of gold, which has historically been a safe haven asset during economic turmoil, on a gradual decline.

Spot gold closed below the $1,700/oz threshold on Thursday after hitting a fresh seven-year high earlier in the month. It has since recovered slightly, up 0.6% to $1,697.95 as of 12:30 pm EST on Friday. The metal is still set for its best month in nearly a year, but on pace for a 2% loss for the week.

Gold futures for June delivery gained 0.5% Friday after settling at $1,694.20 a day earlier.

The decline in gold price comes on the back of announcements made midweek by both the European Central Bank and the US Federal Reserve, with both committing to low interest rates and their current asset purchase programs.

“Gold is struggling to hold its move above its measured base objective at $1,700 and upside momentum is waning near-term,” said an analyst at Credit Suisse.

“You just have the risk-on sentiment from US equity markets … I think there’s some profit-taking in gold right now and a lot of people are getting repositioned for the next flight up in gold,” said Michael Matousek, head trader at US Global Investors.

Sources : Mining.com

Tags: Gold
Eksplorasi.id

Eksplorasi.id

Next Post
Tolak Beli Peningkatan ‘Lifting’ Banyu Urip, Sikap ISC Pertamina Dikecam

Rystad Energy: Global oil glut set to halve in May

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Perusahaan Asing Survei Migas di Laut Aru

Perusahaan Asing Survei Migas di Laut Aru

6 tahun ago
Harga Minyak Terus Anjlok, Harga BBM Diminta Ikut Turun

Harga Minyak Anjlok, Penerimaan APBN Turun Drastis

6 tahun ago

Sering Dibaca

  • Menyigi Kedekatan Massa Manik dan Grup Danatama

    Menyigi Kedekatan Massa Manik dan Grup Danatama

    0 shares
    Share 0 Tweet 0
  • Rencana dihapus tahun depan, kenapa kuota Premium sebesar 10 juta kl telah ditetapkan?

    0 shares
    Share 0 Tweet 0
  • Pertamina terapkan jurus Abu Nawas soal harga BBM, Jokowi harus copot Nicke Widyawati

    0 shares
    Share 0 Tweet 0
  • Berikut Profil Singkat Perusahaan yang Kena Sanksi Daftar Hitam oleh Pertamina

    0 shares
    Share 0 Tweet 0
  • Pertamina EP Cepu Catat Kenaikan Produksi Minyak 64 Persen

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

  • Kuartal I/2022, Jasa Marga Realisasikan Belanja Modal Rp844,3 Miliar 29 Juni 2022
  • Alhamdulillah, Anggaran Gaji Ke-13 ASN dan Pensiunan Rp35,5 triliun Sudah Disiapkan 29 Juni 2022
  • PMI Dukung PGN Jadikan Gas Bumi Jadi Penyangga Energi di Indonesia 28 Juni 2022
  • Berkat Teknologi Digital, Inklusi Keuangan Indonesia 'Ngebut' 28 Juni 2022
  • Tahun Ini Bukalapak Targetkan Pendapatan Rp3 Triliun 28 Juni 2022
  • Jadi Jalan Utama Kota Depok, Nyamankah Tinggal di Margonda? 28 Juni 2022
  • Ujicoba MyPertamina, Isi BBM Pakai Aplikasi Mulai Awal Juli 2022 28 Juni 2022
  • Turun 96,06 Persen, Clipan Finance Indonesia Bukukan Laba Bersih Rp1,59 Miliar di Kuartal I/2022 27 Juni 2022
  • Mudahkan MBR Punya Rumah, BTN Gelar Akad 10 Ribu Unit KPR Subsidi 27 Juni 2022
  • Indonesia Masih Terendah di Asia Tenggara Kembangkan PLTS 27 Juni 2022
Eksplorasi.id

Eksplorasi.id adalah portal berita yang menginformasikan berita-berita terkini dan fokus pada pemberitaan sektor energi seperti minyak dan gas bumi (migas), mineral dan batubara (minerba), kelistrikan, energi terbarukan, jasa penunjang, lingkungan, CSR, dan lainnya.

Eksplorasi.id diterbitkan oleh PT Nayottama Oetomo Sinergi yang merupakan bagian dari kelompok usaha Nayottama Press Holdings (NPH), yang didirikan oleh Heriyono sejak 1 Maret 2014.

Mengusung semboyan “Energi untuk Negeri”, Eksplorasi.id dikenal sebagai sumber informasi terpercaya, akurat, serta bacaan pengambil keputusan sektor energi.

Category

  • BATUBARA
  • BERITA
  • Business
  • CSR
  • DUNIA
  • EBT
  • ENGLISH NEWS
  • GAS
  • INDEPTH
  • INFOGRAFIS
  • JASA
  • LINGKUNGAN
  • LISTRIK
  • LOWONGAN KERJA
  • MIGAS
  • MINERAL
  • MINERBA
  • MINYAK
  • OPINI
  • PLTA
  • PLTN
  • PLTP
  • PLTS
  • PLTU
  • RAGAM
  • Uncategorized
  • Video

Tag

Amien Sunaryadi Archandra Tahar batubara BBM Blok Masela BUMN Chevron Dirut EBT ekspor Elpiji emas energi ESDM Freeport gas headline holding Ignasius Jonan impor industri investasi jokowi Kementerian ESDM kilang KPK listrik LNG Luhut Binsar Menteri ESDM migas minyak Oil panas bumi Pertamina PGN PLN PLTU SKK Migas smelter SPBU subsidi Sudirman Said tambang utang
  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

© 2020 Eksplorasi.id - Energi untuk negeri , part of Nayottama Press Holding.

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - Energi untuk negeri , part of Nayottama Press Holding.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

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