BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Trade record'. (Return)

MarketWatch MarketPulseAug 04, 2020
Gold ends Tuesday trade at record high well above $2,000 milestone
Gold futures powered higher Tuesday, gathering momentum late in the session to finish at a fresh record as government bond yields headed lower and as the U.S. dollar's recent rebound receded somewhat, allowing the precious metal to make an assault on a record close above the $2,000 threshold. December gold gained $34.70, or 1.7%, to reach $2,021 an ounce. The moves came as a recent rise in the dollar abated, as gauged by the ICE U.S. Dollar Index , a gauge of the greenback against a half-dozen major currencies. The rally for the dollar also came as the 10-year Treasury note yield continued to sink lower, reflecting appetite for haven assets, despite a record climb for equity benchmarks like the technology-heavy Nasdaq Composite Index . The 10-year Treasury note was recently yielding 0.52%. Lower yields can make gold, which doesn't offer a coupon, comparatively more attractive as a safety play. A weakening dollar, meanwhile, makes dollar-priced assets more appealing to overseas buyers. The sustained rally in gold has come as governments across the world have flooded their economies with financial aid to combat the COVID-19 pandemic. . And investors are betting that the uptrend for the yellow metal continues as the dollar weakens and interest rates remain around 0% in many parts of the world.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
Coronaviruscases latest live pandemic rise
StockMarket record Today Nasdaq Kodak
earningsCall Transcript Q2 Inc Disney
pandemicduring coronavirus How Amid Disney
COVID-19States Due amid during Lost
Disneyearnings theme park billion pandemic
TikTokMicrosoft Trump Deal China ByteDance
StocksNasdaq record high making biggest
ChinaTikTok Lawsuit About Microsoft Class
IncCall Earnings Transcript Filer Q2

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC