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POPULAR NEWS
Gold Retreats After 2-Session Climb as Palladium Futures Look to Settle Above Gold

Gold futures headed lower Tuesday, pulling back after a two-session climb as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, looked to extend their streak of gains to an 11th consecutive session, setting futures prices up to settle above that of gold for the first time in over 16 years. February gold shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296.60 on Monday, haven™t been able to settle...

Gold Rises as Brexit Turmoil Eclipses Jump in Equities

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal is heading for a fifth week of gains as the U.K. parliament is mired in turmoil surrounding the terms of leaving the European Union. Haven demand helped boost holdings in exchange-traded funds backed by bullion to a 13th straight gain and the highest since May. In the cash market, platinum, trading near a decade low, is near...

Gold Sees Little Reaction After Economic Data

Gold prices are seeing little reaction but remain under pressure as inflation pressures remain elusive in the U.S. economy. Gold prices were under modest selling pressure ahead of the report and remain relatively unchanged in initial reaction. The market continues to stubbornly hold just below $1,300 an ounce. February gold futures last traded at $1,289.80 an ounce, down 0.12% on the day. Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.2% in December following a...

China Stocks Higher at Close of Trade; Shanghai Composite Up 1.36%

China stocks were higher after the close on Tuesday, as gains in the Life Insurance, Technology Hardware & Equipment and Technology sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 1.36% or 34.58 to 2,570.34 , while the SZSE Component index gained 1.86% or 138.15 to 7,547.35 . The best performers of the session on the Shanghai Composite were Ningbo Haitian Precision Machinery Co Ltd, which rose 10.07% or 0.760 points to trade at 8.310 at the...

Gold Prices Rise as Failed Brexit Vote Drags on Dollar

Gold prices inched up on Wednesday on expectations of a pause in U.S. interest rate hikes and as the dollar weakened against the pound after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union. Spot gold was up 0.1 percent at $1,290.56 per ounce at 0050 GMT. U.S. gold futures had risen 0.2 percent to $1,290.60 per ounce. Source : Reuters

U.S. Core Inflation Holds Steady as Energy Drags Down Main Index
Friday, 11 January 2019 20:48 WIB | ECONOMY |Ekonomi ASCPI

A key measure of U.S. inflation was little changed in December while falling energy prices dragged down the broader gauge, giving the Federal Reserve little urgency to raise interest rates soon as it signals a more cautious approach in 2019. 

Excluding food and energy, the so-called core consumer price index rose 2.2 percent from a year earlier for a second month and increased 0.2 percent from November, matching the median estimates of economists, according to a Labor Department report Friday. The broader CPI cooled to a 1.9 percent annual gain and was down 0.1 percent from the prior month as energy costs fell the most in almost three years.

The data suggest inflation is contained around the Fed™s target, with prices underpinned by steadily rising wages and a tariff war with China. While the central bank last month penciled in two interest-rate hikes in 2019 following four in 2018, officials are now signaling a potential pause through March or longer amid headwinds from trade, the U.S. government's partial shutdown and global growth risks.

Friday's report showed shelter costs, which account for one- third of the CPI, rose 0.3 percent for a second month. That reflected 0.2 percent increases in both owners-equivalent rent - - one of the categories designed to track rental prices -- and rent of primary residence, while hotel and motel rates advanced the most since May. 

Prices for medical care, which make up 8.6 percent of the CPI, rose 0.3 percent from the prior month.

Fed officials have taken a less hawkish tone since the December meeting, when they raised interest rates. In the past week, Chairman Jerome Powell and other officials have stressed that the central bank will be patient and flexible in responding to economic data, including the potential effects of the trade war.

On Thursday, Fed Vice Chairman Richard Clarida said in a speech that œinflation has surprised to the downside recently, and it is not yet clear that inflation has moved back to the central bank's goal on a sustainable basis.

December figures for the Fed™s preferred gauge of inflation -- a separate measure related to consumption -- are scheduled for release on Jan. 31, though the report could be delayed because of the partial government shutdown. The Fed-preferred index and its core gauge tend to run slightly below the Labor Department™s CPI measures.

A separate report on Friday from the Labor Department indicates consumers are gaining more spending power from lower fuel costs. Average hourly earnings, adjusted for inflation, rose 1.1 percent in December from a year earlier, following a 0.8 percent gain in the prior month. 

That could support consumer spending, which accounts for about 70 percent of the U.S. economy, at a time when the outlook is dimming for companies in a variety of industries. On Thursday, news from Macy's and Kohl™s Corp. compounded concerns that rising interest rates and Chinese trade turmoil could dent consumption.

Source : Bloomberg

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POPULAR NEWS
Gold Retreats After 2-Session Climb as Palladium Futures Look to Settle Above Gold

Gold futures headed lower Tuesday, pulling back after a two-session climb as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, looked to extend their streak of gains to an 11th consecutive session, setting futures prices up to settle above that of gold for the first time in over 16 years. February gold shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296.60 on Monday, haven™t been able to settle...

Gold Rises as Brexit Turmoil Eclipses Jump in Equities

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal is heading for a fifth week of gains as the U.K. parliament is mired in turmoil surrounding the terms of leaving the European Union. Haven demand helped boost holdings in exchange-traded funds backed by bullion to a 13th straight gain and the highest since May. In the cash market, platinum, trading near a decade low, is near...

Gold Sees Little Reaction After Economic Data

Gold prices are seeing little reaction but remain under pressure as inflation pressures remain elusive in the U.S. economy. Gold prices were under modest selling pressure ahead of the report and remain relatively unchanged in initial reaction. The market continues to stubbornly hold just below $1,300 an ounce. February gold futures last traded at $1,289.80 an ounce, down 0.12% on the day. Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.2% in December following a...

China Stocks Higher at Close of Trade; Shanghai Composite Up 1.36%

China stocks were higher after the close on Tuesday, as gains in the Life Insurance, Technology Hardware & Equipment and Technology sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 1.36% or 34.58 to 2,570.34 , while the SZSE Component index gained 1.86% or 138.15 to 7,547.35 . The best performers of the session on the Shanghai Composite were Ningbo Haitian Precision Machinery Co Ltd, which rose 10.07% or 0.760 points to trade at 8.310 at the...

Gold Prices Rise as Failed Brexit Vote Drags on Dollar

Gold prices inched up on Wednesday on expectations of a pause in U.S. interest rate hikes and as the dollar weakened against the pound after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union. Spot gold was up 0.1 percent at $1,290.56 per ounce at 0050 GMT. U.S. gold futures had risen 0.2 percent to $1,290.60 per ounce. Source : Reuters

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