Gold on course for biggest monthly drop in nearly five years


File pix — Bloomberg

BENGALURU: Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading for its worst monthly drop since November 2016.

Spot gold eased 0.2% to $1,757.76 per ounce as of 0551 GMT, having touched its lowest since April 15 at $1,749.20 on Tuesday. U.S. gold futures lost 0.3% to $1,757.80.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gold , Silver , exchange-traded fund , ETF

   

Next In Business News

Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Boxed-in markets seek safety
Cropmate seeks to raise RM42mil to buy factories
Climate funding at stake
What could go wrong, or right?
The spirit of enterprise
Kossan’s nine-month earnings surge by 588%
Don’t delay merger control, empower MyCC as the sole regulator
Robust economy to boost banking

Others Also Read