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

Chicago, postbantennews.com

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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