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POPULAR NEWS
Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Wall St., Main St. Expect Gold To Keep Shining

Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold survey. Observers suggested Friday's softer-than-forecast report on U.S. nonfarm payrolls will continue to offer support to the precious metal. The Labor Department reported that 155,000 new nonfarm jobs were created last month, when expectations had been for around 190,000 to 200,000. Still, the jobless rate remained at a 49-year low of 3.7%. Fourteen market...

Gold hovers near 5-month high

Gold futures were little changed Monday, trading near a five-month high after posting a strong rally last week when stock-market turmoil fueled haven-related buying. Gold for February delivery on Comex was flat at $1,252.60 an ounce, while March silver SIH9, -0.69%  fell 0.4% to $14.634 an ounce. In other metals trade, January platinum was off 0.2% at $788.70 an ounce, while March palladium rose 0.3% to $1,174.20 an ounce. March copper declined 2.2 cents, or 0.8%, to $2.7375 a...

Gold at Five-Month High on Haven Bid as Stocks Decline

Gold traded at the highest level in five months amid a retreatin Asian equities and U.S. stock futures on the potential escalation of tensions between Washington and Beijing. Haven assets are rising after China's vice foreign minister summoned the U.S. ambassador Terry Branstad in protest over the arrest of Huawei Technologies Co.'s chief financial officer, and amid concerns over China's slowing economy. Traders are also assessing if the Federal Reserve will pursue a...

Chinese Stocks Rally After Trump-Xi Agreement; Yuan Strengthens
Monday, 3 December 2018 09:51 WIB | ECONOMY |Indeks Shanghai CompositeCSI 300

Chinese stocks climbed and the yuan strengthened after presidents Xi Jinping and Donald Trump said they won™t announce any new tariffs for 90 days.

The CSI 300 Index gained 2 percent, led by rallies in ZTE Corp., Hangzhou Hikvision Digital Technology Co. and exporters that have most to gain from improving trade relations. The yuan rose 0.5 percent to 6.9163 per dollar. The benchmark 10-year government bond yield gained 3 basis points to 3.41 percent.

The agreement means the U.S. will hold off on its prior plans to raise tariffs on $200 billion worth of Chinese goods, which were set to take effect from January. The news boosted risk assets globally on Monday, encouraging strategists at Morgan Stanley to upgrade their already-positive forecast for China™s stocks next year. The rally also helped lift equity benchmarks in Hong Kong and Shanghai above key support levels.

The Shanghai Composite Index is among the world™s worst benchmarks this year, down 22 percent through last week for its worst annual performance since 2008. The yuan has weakened about 10 percent since a high in April.

The Hang Seng Index rose 2 percent, led by Macau casino operators after revenue growth topped analysts™ estimates in November.

Source: Bloomberg

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POPULAR NEWS
Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Wall St., Main St. Expect Gold To Keep Shining

Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold survey. Observers suggested Friday's softer-than-forecast report on U.S. nonfarm payrolls will continue to offer support to the precious metal. The Labor Department reported that 155,000 new nonfarm jobs were created last month, when expectations had been for around 190,000 to 200,000. Still, the jobless rate remained at a 49-year low of 3.7%. Fourteen market...

Gold hovers near 5-month high

Gold futures were little changed Monday, trading near a five-month high after posting a strong rally last week when stock-market turmoil fueled haven-related buying. Gold for February delivery on Comex was flat at $1,252.60 an ounce, while March silver SIH9, -0.69%  fell 0.4% to $14.634 an ounce. In other metals trade, January platinum was off 0.2% at $788.70 an ounce, while March palladium rose 0.3% to $1,174.20 an ounce. March copper declined 2.2 cents, or 0.8%, to $2.7375 a...

Gold at Five-Month High on Haven Bid as Stocks Decline

Gold traded at the highest level in five months amid a retreatin Asian equities and U.S. stock futures on the potential escalation of tensions between Washington and Beijing. Haven assets are rising after China's vice foreign minister summoned the U.S. ambassador Terry Branstad in protest over the arrest of Huawei Technologies Co.'s chief financial officer, and amid concerns over China's slowing economy. Traders are also assessing if the Federal Reserve will pursue a...

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