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POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

U.S. oil prices settle lower as crude supplies log first weekly slump in 3 weeks

U.S. oil futures settled lower Wednesday after the government reported a weekly decrease in domestic crude supplies, the first in three weeks, but smaller than the market expected. Concerns over energy demand also continued to pressure prices. West Texas Intermediate crude for October delivery fell by 45 cents, or 0.8%, to settle at $55.68 a barrel on the New York Mercantile Exchange, following gains in each of the last three trading sessions. It was at $56.77 shortly before the supply...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

U.S. Employers Added 164,000 Jobs in July as Wages Picked Up
Friday, 2 August 2019 20:32 WIB | ECONOMY |Ekonomi ASU.S.Unemployment

U.S. employers kept adding workers at a healthy pace in July and wage gains picked up, underlining a solid labor market ahead of this week's Federal Reserve interest-rate cut and President Donald Trump's threat to ratchet up tariffs on Chinese goods.

Payrolls rose 164,000, almost matching projections, though the two prior months were revised lower, according to a Labor Department report Friday. The jobless rate held at 3.7%, near a half-century low, while average hourly earnings climbed 3.2% from a year earlier, better than forecast.

Despite July's healthy payrolls figure, the three-month average increase of 140,000 was the slowest in almost two years. That trend is in line with forecasts for a gradual slowing of job gains as the labor market tightens, but it could also be seen as a sign that the economy is losing steam.

Investors boosted bets on additional reductions after Trump's latest trade salvo on Thursday. The Federal Reserve had signaled a day earlier that its quarter-point interest-rate cut would likely start only a short round of monetary easing, though Chairman Jerome Powell indicated that the central bank was watching trade developments closely.

Revisions subtracted 41,000 jobs from the prior two months. The June figure was lowered from 224,000 to a less-eye-popping 193,000.

The job gains were led by service providers, particularly in education and health services, as well as professional and business services. Retail payrolls fell for a six month, while manufacturing added the most in six months. Construction gains were relatively weak, at 4,000.

Average hourly earnings rose 0.3% from the prior month, above estimates, following an upwardly revised 0.3% gain. That indicates wages are gaining momentum as employers encounter greater difficulty finding workers, and also bodes well for resilient consumer spending in the face of tariffs.

The participation rate, or share of working-age people in the labor force, increased to 63% as the count of both employed and unemployed Americans increased in the household survey.

At the same time, the average workweek got shorter, boosting average hourly pay. The average for all private employees decreased to 34.3 hours, from 34.4 hours, as manufacturing hours touched their lowest point since November 2011.

Source : Bloomberg

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POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold posts lowest finish in nearly 2 weeks as bond yields climb

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming. U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield. December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT. U.S. gold futures were down 0.5% at $1,507.60 an ounce. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...

U.S. oil prices settle lower as crude supplies log first weekly slump in 3 weeks

U.S. oil futures settled lower Wednesday after the government reported a weekly decrease in domestic crude supplies, the first in three weeks, but smaller than the market expected. Concerns over energy demand also continued to pressure prices. West Texas Intermediate crude for October delivery fell by 45 cents, or 0.8%, to settle at $55.68 a barrel on the New York Mercantile Exchange, following gains in each of the last three trading sessions. It was at $56.77 shortly before the supply...

Gold sinks as bond yields climb

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo. December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after finishing Wednesday™s session flat. September silver lost 13 cents, or 0.7%, to $17.025 an ounce. The benchmark 10-year Treasury note added more than 3 basis points to around 1.61% early Thursday...

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