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  • Volume: 267.1M
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  • Rise: 137
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Time Name Type Price Vol
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Name Last Change
Sino Grandness0.062-0.001
TEE Intl0.085+0.003
Synagie0.174+0.008
SingTel3.500-
ESR-REIT0.525-
Rex Intl0.074+0.001
ARA HTrust USD0.890-
China Star Food0.036+0.003
G Invacom^0.093+0.001
KrisEnergy0.038-

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Nasdaq 7,910.0 +25.2
HSI 28,473.3 +251.3
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Jakarta 6,323.9 +13.4
Nikkei 225 21,262.1 +175.5
SSE Comp 2,995.6 +19.4
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ShenZhen A 1,645.4 +13.4
ShenZhen B 960.5 +3.5
Taiwan W 10,767.6 +115.1
PSE Comp 0.0
KOSPI 2,135.6 +13.7

Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.

News - Detailed News Story

GLD US$

Stock Chart
Last Done 132.850
Change -0.300 (-0.23%)
Volume 5.09
Range 132.750 - 133.150

Related News

Gold prices suffer headwinds as global risk sentiment strengthens

08 Apr 2019 09:00

By Benjamin Lu

AN UPTURN in global manufacturing PMIs (on March 19) along with signs of progress in Sino-US trade talks have bolstered risk appetite as Q2 2019 kicks off with a positive note. A sharp rebound in Chinese factory activities propped Asian stocks close to a eight-month high as investors moved in heavily towards interest-bearing assets. Dovish economic policies from global central banks have laid negative pressure on bullion appeal as market sentiments improve on a potential economic turnaround.

We opine however that it remains too early to assess a rapid shift in global growth prospects for 2019. Eurozone data continues to illustrate for persistent economic weakness whilst US economic conditions look poised to weaken further from previously-held hawkish monetary policy. Gold prices, though hinting for a potential pullback, will remain robust amidst flagging global growth prospects in the longer term.

What should investors look out for in the coming term?

Though gold prices have appreciated significantly from Q3 2018, a positive consensus in global equities along with a resilient US dollar have capped bullish gains in Q1 2019. Risk-on sentiments from a pick-up in global economic data along with signs of progress in US-China trade negotiations have imposed downward pressures on the non-interest bearing asset. Though we note looming bear signals pervading chart patterns in Q2, we opine that downside potential for gold will remain fairly limited and short-lived. Persistent economic weakness in Q1 2019, will weigh invariably on corporate earnings and risk-on sentiments for the coming term. Safe haven flows will remain vigorous as investors deliberate softer global growth prospects in 2019.


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Source: Business Times
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