Straits Times Index
2,805.95-49.87(-1.75%)S&P 500
3,613.58-24.77(-0.68%)Dow
29,582.11-328.26(-1.10%)
Palladium Mar 21 (PA=F)
| Pre. Settlement | N/A |
| Settlement date | 2021-03-29 |
| Open | 2,438.20 |
| Bid | 2,400.80 |
| Last price | 2,439.70 |
| Day's range | 2,374.00 - 2,442.00 |
| Volume | 1,374 |
| Ask | 2,403.30 |
- Reuters
Gold set for worst month since 2016 amid vaccine optimism
Gold dropped to a five-month low on Monday and was on track for its worst month in four years as optimism over a swift vaccine-fuelled economic recovery dented allure for safe havens. Spot gold was down 0.8% at $1,773.56 per ounce by 10:11 a.m. EST (1511 GMT), having earlier hit its lowest level since July 2 at $1,764.29, and has shed 5.6% so far this month. "They (investors) are abandoning gold because they feel that the vaccine is going to open up the markets at some point and it looks like the transition is going to be orderly," said George Gero, managing director at RBC Wealth Management.
- Reuters
Gold dives below $1,800 on optimism for economic recovery
Gold slumped 2%, breaking below the key $1,800 support level to a near five-month trough on Friday, as growing optimism about a quick vaccine-fuelled economic recovery and a smooth White House transition powered share market to fresh records. Spot gold slid 1.4% to $1,785.11 per ounce by 11:43 a.m EDT (1643 GMT), earlier falling to its lowest since July 6 at $1,773.10 an ounce.
- Reuters
Gold rises on soft dollar, stimulus bets as virus risks grow
Gold gained on a softer dollar on Thursday and as a mounting number of COVID-19 cases and their economic toll raised investor expectations of further fiscal and monetary support. Spot gold was up 0.5% at $1,813.50 per ounce by 1305 GMT. "(Gold) has found its floor and there's some evidence of good buying at these lower levels.
