Latest topics
CoVid19 outbreak is pushing gold up again
Page 1 of 1
CoVid19 outbreak is pushing gold up again
Gold prices rose to their highest levels in two weeks, Tuesday, stimulated by the demand for safe havens after a warning from Apple about revenue, highlighting the financial implications of the Corona virus in China.
The spot price of gold was up 0.4% to $ 1586.93 an ounce. Earlier in the session, the metal touched its peak since February 3 at $ 1587.40.
US gold futures advanced 0.2% to $ 1,590.
"The Asia-Pacific markets have opened up to a broad decline," said Margaret Yang Yan, market analyst at CMC Markets. Investors are currently deeply concerned about the economic impact of the Corona virus, as well as its impact on corporate confidence and consumer demand. ”
Apple has lowered its first-quarter revenue forecasts due to Chinese disruptions caused by the virus and reduced demand from the Chinese market, which, according to Margaret, has led to risk aversion.
Apple is one of the largest western companies that will be negatively affected by the outbreak.
In other precious metals, palladium settled at $ 2522.79 an ounce in spot trading, after approaching a month's peak of $ 2538.25 earlier in the session.
Silver increased 0.6% to $ 17.86, while platinum rose 0.5%, to record $ 973.49 an ounce. 25 h has ended
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Lexsan likes this post
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash