KONTAN.CO.ID - SINGAPORE. Gold prices eased on Monday as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some U.S. states. Spot gold was down 0.1% to US$ 1,773.49 per ounce. U.S. gold futures fell 0.4% to US$ 1,782.30. "We're seeing some big gains in Hong Kong and Chinese share markets," and that sort of growth-positive movement is generally expected to weigh on gold, said Michael McCarthy, chief strategist at CMC Markets.
Gold slips as risk appetite improves, virus surge caps losses
KONTAN.CO.ID - SINGAPORE. Gold prices eased on Monday as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some U.S. states. Spot gold was down 0.1% to US$ 1,773.49 per ounce. U.S. gold futures fell 0.4% to US$ 1,782.30. "We're seeing some big gains in Hong Kong and Chinese share markets," and that sort of growth-positive movement is generally expected to weigh on gold, said Michael McCarthy, chief strategist at CMC Markets.