Gold futures fell by more than 3% in Friday dealings, poised for their biggest one-day percentage decline since at least November 2016, according to Dow...
Gold futures fell by more than 3% in Friday dealings, poised for their biggest one-day percentage decline since at least November 2016, according to Dow Jones Market Data. Investors are selling "profitable positions to raise cash during a market rout," said Peter Grant, a vice president at Zaner Metals.
"Frequently, the cash is used to cover margin calls in other markets." The move for gold comes against a backdrop of plunging U.S. benchmark stock indexes. April gold GCJ20, -3.52% fell $54, or 3.3%, to settle at $1,588.50 an ounce. It lost as much as 4.3% at one point on Friday to trade as low as $1,572.30.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
What to watch today: Dow to drop into correction as global coronavirus concerns widenU.S. stock futures this morning were pointing to a drop in magnitude for the Dow to open in a correction.
Les mer »
U.S. stock futures drop after Trump fails to reassure traders, new California caseU.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with...
Les mer »
This Is the Serrated Knife to End All Serrated KnivesIt won a gold medal in the Olympics of bread cutting.
Les mer »
What March's Pisces Horoscope Predictions Mean for YouYou have the potential to turn your creative ideas into gold this month.
Les mer »
What year does 'Altered Carbon' Season 2 take place after Season 1 time jump?'Altered Carbon' was set a few centuries into the future, but Season 2 starts with a time jump that takes the Netflix series even further into the future.
Les mer »
Taylor Swift Becomes 'The Man' for New Music Video — See Her Unbelievable TransformationTaylor Swift dropped the new music video for her feminist anthem, 'The Man'
Les mer »