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POPULAR NEWS
Gold Futures Fall Sharply for The Session, Climb for The Month

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Gold Futures Settle Lower for a Second Session

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George Gero, managing director at RBC Wealth Management, following the record coronavirus-led retreat in the stock market. June gold fell $10.90, or 0.7%, to settle at $1,643.20 an ounce. The contract, which is now the most active, posted a loss of 0.4% on Friday. Source : Marketwatch

U.S. oil prices settle above the key $20 mark, but log lowest finish since 2002

Oil futures fell on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices to their lowest finish since 2002. "Oil likely has little hope of rallying without some major production cut amongst producers, as global oil demand plunges under pressure from billions of people globally staying home to prevent the spread" of COVID-19, said Patrick De Haan, head of petroleum analysis at GasBuddy, in a statement Monday. May West Texas Intermediate oil fell...

Gold Heads Lower As Dollar Finds Support And Bond Yields Edge Up

Gold futures head lower Tuesday morning, putting the precious metal on track for a second drop in a row as government bond yields and the US. dollar rose, pressuring precious metals that have mostly gained in the month and quarter against the backdrop of the COVID-19 pandemic. June gold on Comex was off $21.50, or 1.3%, at $1,621.87 an ounce, after falling 0.7% on Monday. For the month, gold has advanced 3.5% thus far, and is on pace for a return for the first quarter, which ends on Tuesday,...

Gold Holds Biggest Drop in 2 Weeks on China Economy

Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals: Silver +0.3% to $14.0110/oz after -22% in the first quarter, Platinum steady at $723.25/oz; -25%...

Australian Employment Surges on Full-Time Gains; Currency Jumps
Thursday, 21 February 2019 08:41 WIB | ECONOMY | AustraliaAussieEkonomi Australia

Australian employment surged in January, led by full-time jobs, while unemployment held at 5 percent as more people sought work.

Jobs rose 39,100 from December, compared with the median forecast of economists for a 15,000 gain; the unemployment rate held at 5% as expected

Full-time jobs climbed 65,400 from a month earlier, while part-time jobs fell 26,300. The participation rate rose to 65.7 percent from 65.6 percent.

Underemployment fell 0.2 percentage point to 8.1 percent; underutilization fell 0.1 point to 13.2 percent; New South Wales unemployment fell to 3.9 percent from 4.3 percent.

While the jobless rate -- a key metric for the Reserve Bank -- edged lower last year, it has failed to tighten the labor market sufficiently to drive the faster wage growth needed to reignite inflation; among impediments have been a swelling labor force and high underemployment.

The jobs market has been a key factor underpinning the central bank™s confidence in the outlook, even as it recently abandoned a tightening bias in favor of neutral policy. A two-year hiring bonanza supported the view that running a record-low cash rate to fuel economic growth will eventually push up inflation.

The Australian dollar rose to 71.99 U.S. cents at 11:35 a.m. in Sydney from 71.65 pre-data.

Source : Bloomberg

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POPULAR NEWS
Gold Futures Fall Sharply for The Session, Climb for The Month

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Gold Futures Settle Lower for a Second Session

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George Gero, managing director at RBC Wealth Management, following the record coronavirus-led retreat in the stock market. June gold fell $10.90, or 0.7%, to settle at $1,643.20 an ounce. The contract, which is now the most active, posted a loss of 0.4% on Friday. Source : Marketwatch

U.S. oil prices settle above the key $20 mark, but log lowest finish since 2002

Oil futures fell on Monday, settling above the key $20 mark, but concerns over a drop in energy demand pushed prices to their lowest finish since 2002. "Oil likely has little hope of rallying without some major production cut amongst producers, as global oil demand plunges under pressure from billions of people globally staying home to prevent the spread" of COVID-19, said Patrick De Haan, head of petroleum analysis at GasBuddy, in a statement Monday. May West Texas Intermediate oil fell...

Gold Heads Lower As Dollar Finds Support And Bond Yields Edge Up

Gold futures head lower Tuesday morning, putting the precious metal on track for a second drop in a row as government bond yields and the US. dollar rose, pressuring precious metals that have mostly gained in the month and quarter against the backdrop of the COVID-19 pandemic. June gold on Comex was off $21.50, or 1.3%, at $1,621.87 an ounce, after falling 0.7% on Monday. For the month, gold has advanced 3.5% thus far, and is on pace for a return for the first quarter, which ends on Tuesday,...

Gold Holds Biggest Drop in 2 Weeks on China Economy

Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals: Silver +0.3% to $14.0110/oz after -22% in the first quarter, Platinum steady at $723.25/oz; -25%...

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