• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

19 November 2024 16:29  |

Gold Futures Rise on Weaker Dollar, Reassertion of Safe-Haven Demand

Gold futures rise on a weaker dollar and easing U.S. Treasury yields. Futures rise 0.6% to $2,630.30 a troy ounce. The precious metal has regained some ground after Donald Trump's U.S. presidential election victory prompted a surge in the greenback, suppressing gold demand.

Geopolitical risks have reemerged, driving safe-haven demand for gold and solidifying its role as a reliable hedge, says Pepperstone's Ahmad Assiri. The precious metal's future trajectory has split market opinions, Assiri says in a note. It could sink to lower price levels if the Federal Reserve tightens U.S. monetary policy, or conversely hit fresh highs if central bank purchases stay strong into 2025, Assiri writes. Either way, lingering monetary policy and the broader economic outlook continue to amplify gold's appeal as a hedge against volatility, he adds.

Source : Dow Jones Newswires

 

Related News

GOLD

Gold Rises in Likely Technical Recovery

Gold rises in the early Asian trade in a likely technical recovery. Gold ended Friday's trading with largest weekly price dro...

18 November 2024 07:49
GOLD

Dollar rally pushes gold to near two-month low as traders aw...

Gold prices fell to nearly a two-month low on Tuesday in the face of a stronger dollar, optimism about economic growth under ...

13 November 2024 03:39
GOLD

Emas Bertahan Di Level $2730an di Sesi Tengah Hari AS

Harga emas stabil pada Senin (4/11), di tengah kehati-hatian investor menjelang pemilu Amerika Serikat (AS) dan keputusan suk...

4 November 2024 23:12
GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
BIAS23.com NM23 Ai