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  • Volume: 1,091.1M
  • Value: 627.6M
  • Rise: 142
  • Fall: 155
  • Unch: 511

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Jiutian Chemical0.043+0.007
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Shanghai A 3,101.3 -12.4
Shanghai B 211.6 -1.8
KOSPI 2,098.0 -36.7

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

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Stock Chart
Last Done 183.380
Change +1.590 (+0.87%)
Volume 7.485
Range 183.000 - 184.000

Related News

Gold's attempt to break US$1,800 fails again

29 Jun 2020 09:00

By Avtar Sandu

COMEX GC Gold futures started the week on a strong note, climbing to monthly highs on Monday as the number of coronavirus cases spiked upwards alarmingly over the weekend.

The World Health Organization (WHO) reported that global coronavirus infections rose by a record for a single day, with new clusters across the US, Germany and Australia, giving rise to expectations of further stimulus measures. The momentum of rising prices pushed gold futures to close at seven-year highs on Tuesday on a number of positive drivers.

Apart from the Covid-19 spike, the dollar index was weaker, and safe-haven demand for gold increased. Trade relations between the US and China are not moving forward as expected as mixed signals emerged from the White House.

The Comex GC August Gold futures contract touched a 7-1/2-year high of US$1,796.1 on Wednesday, before retreating to settle lower. Gold's run-up was interrupted by a drop in risk appetite as more than half of all US states reported a rise in new coronavirus cases, with some breaking daily records. The IMF's downward revision of its global 2020 GDP estimate to -4.9 per cent from April's forecast of -3.0 per cent also rattled markets on Wednesday night, and investors rushed into cash.

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Source: Business Times

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