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Bisnis.com, JAKARTA – The world price of gold is expected to be under pressure from May 2020. The price of gold is forecast to weaken as several countries begin to loosen the quarantine o confinement.
At the beginning of trading today, Monday (04/04/2020), the gold movement entered directly into the green belt. At 7.47 WIB, Comex gold prices in June 2020 rose 0.28 percent or 4.8 points to a low of $ 1,705.70 per troy ounce.
So, not an hour ago, the price of gold came back It rose 7.10 points or 0.42 percent to the level of $ 1,708 per troy ounce, when the US dollar index strengthened 0.20 percent or 0.202 points to 99,281.
Until 11.25 WIB, The Comex gold contract price in June 2020 rose 6.50 points or 0.38 percent to the $ 1,707.40 level, when the US dollar index gained 0.27 percent or 0.271 points to 99,350.
Previously, Indos Success Futures trading manager Suluh Adil Wicaksono estimated that gold prices would move in the range of $ 1,650 to $ 1,700 per troy ounce this week. If you pass this range, the price of gold is expected to determine the next trend.
Suluh said that the development of market conditions could cause the price of gold to fall and fall. To take into account, at a meeting last week, the US central bank. USA Or the Fed decided to keep its benchmark interest rate in the 0-0.25 percent range.
This has become a negative catalyst for the price of gold because it will sustain the strengthening of the US dollar. As a result, it is estimated that investors will no longer raise long-term assets and will focus on collecting real investment assets.
“I see that the current price is quite saturated and that the price above US $ 1,700 per troy ounce is also a value that is already high enough for gold at the moment, so selling action may also occur. from investors, “Suluh said when contacted. Business, Friday (5/1/2020).
At the close of last week, on Friday (5/1/2020), the price of gold in the spot market closed at US $ 1,700.42 per troy ounce, appreciating 0.83 percent. On April 23, 2020, gold in the spot market had reached its highest level of $ 1,730 per troy ounce.
11:38 WIB
At 11:25 WIB: gold prices rise 6.50 points
Comex’s gold contract in June 2020 rose 6.50 points or 0.38 percent to the $ 1,707.40 level, when the US dollar index gained 0.27 percent or 0.271 points to 99,350.
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11:08 WIB
Comex gold prices rise 8.60 points
Comex’s gold contract in June 2020 rose 8.60 points or 0.51 percent to the level of $ 1,709.50 per troy ounce, when the US dollar index strengthened 0.23 percent or 0.236 points to 99,315.
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10:09 WIB
At 9.55 WIB: Comex gold prices rise 5.30 points
Comex’s gold contract in June 2020 rose 5.30 points or 0.31 percent to the level of $ 1,706.20 per troy ounce, when the US dollar index strengthened 0.22 percent or 0.219 points to position 99,298.
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