empty
 
 

2020.01.2109:45:00UTC+00Gold Prices Slip As Gulf Tensions Ease

Gold prices fell slightly on Tuesday as tensions in the Middle East over the U.S.'s assassination of Iranian commander Qassem Soleimani eased.

Spot gold shed 0.35 percent to $1,556.11 after touching their highest since Jan. 8 at $1,568.35. U. S. gold futures were down 0.3 percent at $1,556.25 per ounce.

Saudi Arabia has reportedly launched the sale of U.S. dollar denominated bonds with maturities of seven, 12 and 35 years, as part of efforts to plug part of its growing budget deficit. The kingdom plans to issue around $32 billion of external debt over the course of the year.

Gold prices hit a two-week high earlier in the session after the International Monetary Fund (IMF) lowered its global growth estimate for 2020 and China reported fourth death following the outbreak of a new coronavirus.

Health authorities around the world stepped up screening and the World Health Organization called a meeting on Wednesday to consider declaring an international health emergency on fears that the disease might spread faster during the Lunar New Year holiday, the Chinese-speaking world's busiest travel season

Markets also await developments in the World Economic Forum in Davos as well as the European Central Bank's first policy meeting of the year this week.

Earlier today, the Bank of Japan left its key interest rate unchanged at a two-day policy review and revised up its growth forecasts, citing the effects of the fiscal stimulus.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback