Gold prices rose in late trading Tuesday (Wednesday morning WIB), a rebound from five
Gold prices rose in late trading Tuesday (Wednesday morning WIB), a rebound from five consecutive days of losses believed to be oversold , and a pullback in the dollar and US government bond yields boosted demand for the safe-haven metal, is from antara .
The most active gold contract for April delivery on the COMEX division of the New York Exchange lifted $ 10.6, or 0.62 percent, to close at $ 1,733.60 an ounce. The day before, Monday (1/3),
Gold futures were trimmed by US $ 5.8 or 0.34 percent to US $ 1,723.00. Gold futures plunged 46.60 US dollars or 2.62 percent to 1,728.80 US dollars on Friday (26/2), after shedding 22.5 US dollars or 1.25 percent to 1,775.4 US dollars on Thursday (25 / 2),
And declined the previous two days, amending USD 8.0 and USD 2.5, respectively. “Gold surged to near session highs on (bond) yields and the decline in the US dollar,” said Tai Wong,
A trader at investment bank BMO in New York. “Gold’s 30 dollar rally from lows in Asia suggests that investors and short-term speculators are bargain hunting and triggered short-covering as well. A close above $ 1,725 an ounce would be seen by many as an important reversal day.” (Henri/pn)
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