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11.06.2020 Gold Daily Analysis

Gold started the day with an upward trend in Asia, the yellow metal continuing it rally from the past session after Wednesday US Federal Reserve policy

Yazar: editor_1

Yayınlanma: 11 Haziran 2020 19:38

Güncellenme: 8 Kasım 2024 07:23

11.06.2020 Gold Daily Analysis

Gold started the day with an upward trend in Asia, the yellow metal continuing it rally from the past session after Wednesday US Federal Reserve policy meeting decided on holding the benchmark rate near zero Gold futures increased by 1.19% at $1,741 at the early hours of the day with investors turn that the safe-haven yellow metal Investor sentiment also soured as the Fed quarterly predictions pointed to a long road towards economic recovery from the COVID-19 virus in the U.S. GDP is forecast to contract by 6.5% in 2020 and unemployment to fall to 9.3% in the final three months of the year from May’s 13.3%.
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