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POPULAR NEWS
Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Oil Recovery Falters in Face of Renewed Concern Over Virus

Oil fell, paring this week™s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China™s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore started rolling out measures to protect economic growth as the virus hits businesses and travel. Commodities had rallied prematurely, focusing on the planned stimulus and ignoring the immediate disruption, according...

Coronavirus Cases in Hubei Rise After Declining for 2 Days

The number of new coronavirus cases in China's Hubei province rose Friday after two straight days of declines, but the increase was still the smallest since the end of January. The Hubei health commission reported 411 new cases Friday, up from Thursday's count of 349. It also reported 115 new deaths. Hubei, and its provincial capital of Wuhan, is where the outbreak began in December. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Thursday that the numbers out of...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

British retail sales in July climb 3.3%, topping forecasts
Thursday, 15 August 2019 15:48 WIB | ECONOMY |UK Retail Sales

British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both value and volume rose in July, and department stores saw the first increase this year.

Source: marketwatch

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POPULAR NEWS
Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Gold Hits New 7-Year High as Virus Prompts More Upgrades

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even in countries with advanced health care systems (and reliable data). By 7:45 AM ET (1245 GMT), gold futures for delivery on the Comex exchange were up 1.1% at $1637,65 a troy ounce, only a whisker...

Oil Recovery Falters in Face of Renewed Concern Over Virus

Oil fell, paring this week™s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China™s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore started rolling out measures to protect economic growth as the virus hits businesses and travel. Commodities had rallied prematurely, focusing on the planned stimulus and ignoring the immediate disruption, according...

Coronavirus Cases in Hubei Rise After Declining for 2 Days

The number of new coronavirus cases in China's Hubei province rose Friday after two straight days of declines, but the increase was still the smallest since the end of January. The Hubei health commission reported 411 new cases Friday, up from Thursday's count of 349. It also reported 115 new deaths. Hubei, and its provincial capital of Wuhan, is where the outbreak began in December. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Thursday that the numbers out of...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

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