KONTAN.CO.ID - TOKYO. Gold prices were steady on Thursday, with the metal caught between a strengthening U.S. dollar and a pullback in global equities, as worries over new coronavirus cases delaying economic recovery weighed on markets. Kamis (18/6) at 10.00 WIB, spot gold was flat at US$ 1,725.90 per ounce. Meanwhile U.S. gold futures were nearly unchanged at US$ 1,734.70 per ounce. "We're not really seeing a clear-cut catalyst for gold here. On the one hand, we're getting a stronger U.S. dollar because the recent comments from the Federal Reserve are supportive," said DailyFx currency strategist Ilya Spivak.
Gold flat as dollar strength checks concerns over virus case spike
KONTAN.CO.ID - TOKYO. Gold prices were steady on Thursday, with the metal caught between a strengthening U.S. dollar and a pullback in global equities, as worries over new coronavirus cases delaying economic recovery weighed on markets. Kamis (18/6) at 10.00 WIB, spot gold was flat at US$ 1,725.90 per ounce. Meanwhile U.S. gold futures were nearly unchanged at US$ 1,734.70 per ounce. "We're not really seeing a clear-cut catalyst for gold here. On the one hand, we're getting a stronger U.S. dollar because the recent comments from the Federal Reserve are supportive," said DailyFx currency strategist Ilya Spivak.