CoVid19 outbreak is pushing gold up again
CoVid19 outbreak is pushing gold up again
by Ponee Sat Mar 21, 2020 9:26 pm
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 : 38235
Join date : 2011-08-09 
Lexsan likes this post
Permissions in this forum:
You can reply to topics in this forum
» Militiaman: "Even today they had some wonderful article about meeting with the British Ambassador about opening banks..." (Did They Open Them At The Current Exchange Rate? LOL) 12/8/21
» Frank26: "The 3-zero notes are now being removed permanently from inside of your country" (Oh? What Did They Replace Them With? LOL) 12/8/21
» Kaperoni: "A country's currency is not a lottery ticket. It's not managed by fools or its value is not random" (So...No More 90 day Countdowns PizzaBoy? LOL) 12/8/21
» Mnt Goat: "I am...talking about finally bringing back the dinar to it’s “glory days” and reinstating it" (Oh? Didn't They Demonitize The Saddam Dinars? LOL) 12/8/21
» Frank26: "They just told us they have 3 shows and the next 3 shows will be Friday, Saturday and Sunday" (Oh? The Same Bat Time And The Same Bat Channel? LOL) 12/7/21
» Frank26: "Impressive...we've counted about 30 something banks around the world that have communicated with the Governor of the Central Bank" (Only 30? Dont They All Do? LOL) 12/7/21
» MilitiaMan: "The CBI and Government are now on the same level playing field and can track the money via new FinTech and Blockchain" (A New FinTech??? What Happened To The Old One? LOL0 12/7/21
» The Big Call w/ BS Bruce - Intel Highlights "The Iraqi Dinar will be traded on the Forex by Midnight EST Wed. night 8 Dec" (Excuses Begin Tomorrow LOL) 12/7/21
» MarkZ: "Redemption folks have absolutely been told they are working this weekend" (What Kind Of Work Forcce Do They Have? Who Pays The Pizza Bill? LOL) 12/8/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Judy: "Kuwait was paid back with the gold backed Dinar" (Oh? They Have That Currency Now? LOL) 12/8/21
» MarkZ: "We are getting more chatter from Redemption Center folks" ("Chatter"??? Didn't You Say You Talk To Them Directly? LOL) 12/7/21
» Wolverine Report: "Review your preparation and documentation" (Oh My! He Forgot To Add To Brush Your Tooth And Come Your Hair! LOL) 12/7/21
» New Guru Tom: "Sovereigns in the Admiral, paymasters for groups, should be made liquid tomorrow for dispersals for Tuesday evening Wednesday and Thursday" (Holly? Is That You? LOL) 12/7/21
» Holly: "The sources I talk to say this is ready to go" (Oh? Aren't Those Just Other Dingbat Gurus? LOL) 12/7/21
» MarkZ: "Banking Centers are Absolutely Staffed and ready to go!!!" (Well DUH!!! Customers Go In And Out Of The Banks All Day Long! LOL) 12/7/21
» The UN Security Council condemns the bombing of Basra and stresses the need to hold the perpetrators of terrorist acts accountable
» Al-Bayati calls for a quick agreement to form the next government and warns of the continuation of chaos and terrorist operations
» Al-Kazemi: We will be on the lookout for all ISIS leaders and cells at any point in our beloved Iraq
» Masrour Barzani and Al-Kazemi discuss developments in Iraq / expanded
» The United Nations Mission: Holding the perpetrators to account and strengthening national unity thwarts attempts to destabilize Iraq
» The President of the Republic: The targeting of Basra is a desperate attempt to destabilize the country
» In the document .. the Central Bank prohibits dealing with the director of the National Bank of Iraq
» Economist to / Nina /: Oil prices will rise to $100 .. and the 2022 budget must be a qualitative budget that matches the expected high revenues
» USD/IQD exchange rates stabilize in Baghdad
» CBI sells +200$ million on currency auction today
» Water scarcity and COVID-19 placed Iraq on the list of countries in need of foreign food aid
» Mnt Goat: "What I am told by the CBI is that they are planning a MAJOR rate change" (The Same CBI That Told You It Already "RV'd" Years Ago? LOL) 12/6/21
» Frank26: "the main thing is that they are educating them in the year 2021 about the new small category notes" (What Happened To Those ATM's? LOL) 12/6/21
» Frank26: "We now see the special commercial. It's on TV. We're watching it right now" (Drugs...Just Say No! LOL) 12/5/21
» Guru Pimpy: "All these things are big...steps necessary to get to the revaluation of the dinar" (Are All Those Things On A List? Where Is It? LOL) 12/5/21
» Frank26: "Dude you just gave the mathematical formula! That would be $3.61!" (Another New Math With A Different Number? Where Did Frankie Go To School? LOL) 12/5/21
» MilitiaMan: "If they are openly telling the citizens and from what we hear" ("If" ? Well That Contradicts Frankie! Is Frankie Fibbing Again? LOL) 12/5/21
» Mnt Goat: "my CBI contact says they are preparing the final stages of the executing the project to delete the zeros" (Oh? Did Parliment Pass The Bill Yet? LOL) 12/6/21
» RayRen98: "They anticipate full exchange activity by Tuesday" (Who are They? LOL) 12/5/21
» MarkZ: "The government is saying basically that they will soon have a new value on the dinar….and a new forex value" (Oh? There's A Government In Dinarland? Who's The Governor? LOL) 12/6/21
» Holly: "What pushes this over the line for us ALL now is a call for collective vibration towards eternal happiness and abundance" (More Vibration Needed To Bring In This "RV" ? Is Everyone On The Same Frequency? LOL) 12/6/21
» Judy: "In the US, the redemption process would begin in Temple Texas, not Reno" (Oh No!!! The Gurus Are Playing Musical Chairs! LOL) 12/6/21
» Al-Hakim calls for pressure on neighboring countries to guarantee Iraq's water rights