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POPULAR NEWS
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

Gold Prices Slip After Big Weekly Gains

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic. The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic continues to show no signs of abating as the World Health Organization said that there are now 638,146...

Gold Rose As Virus-Led Growth Fears Spur Safety Buying

Gold prices rose on Monday as investors sought safe havens amid fears over growing economic damage from the coronavirus after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.89 an ounce. U.S. gold futures edged 0.1% higher to $1,625.70. Investors appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight session and oil prices to their weakest...

Dollar slows slide as investors seek shelter amid pandemic crisis

The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. In bumpy trade the dollar ran ahead early before settling back against the pound, euro, kiwi and the Australian dollar. Sterling was last 0.1% softer at $1.2449, the Aussie flat at $0.6158 and the euro (EUR=) stable at $1.1132. The halt in the dollar's slide came with a broader...

Gold Gains as Virus-Led Growth Fears Spur Safety Buying

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. Investors™ appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight...

Private Sector Job Losses Bode Ill For German Hopes of End-Year Rebound: PMI
Thursday, 24 October 2019 15:03 WIB | ECONOMY |JermanEkonomi Jerman

Employment in Germany's private sector fell for the first time in six years in October, a survey showed on Thursday, suggesting that a third-quarter slowdown in Europe's largest economy could stretch into the closing months of the year.

Markit's flash Purchasing Managers' Index (PMI) survey showed that the slight fall in employment was mainly the result of job losses in the manufacturing sector, where staffing numbers fell to their lowest level in almost 10 years.

The slowdown in Germany's export-dependent manufacturing sector, in recession due to trade conflicts and uncertainties linked to Britain's planned departure from the European Union, is leaving a bigger mark on services, the survey also showed.

Job creation in the services sector fell to its lowest level in 3-1/2 years, IHS Markit said.

"Hopes of a return to growth in Germany in the final quarter have been somewhat dashed by the PMI numbers, which show business activity in the euro zone's largest economy contracting further and underlying demand continuing to soften," said Phil Smith, principle economist at IHS Markit.

"Manufacturing remains the main weak link, though here there are some signs of encouragement with rates of decline in production and new orders easing and business confidence improving to a four-month high," he added.

IHS Markit's flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the economy, rose to a two-month high reading of 48.6, from 48.5 in September.

The reading was below the 48.8 consensus forecast in a Reuters poll of economists and remained below the 50 mark that separates growth from contraction for the second consecutive month.

The flash manufacturing PMI remained in contraction territory at 41.9, slightly higher than September's 10-year low reading of 41.7.

The flash services PMI by contrast fell to a 37-month low of 51.2 from 51.4 in September, as new business in the sector fell at the fastest pace since June 2013, IHS Markit said.

The German economy is expected to contract for the second successive quarter in the July-September period, which would mean a technical recession.

The government expects the economy to grow by 0.5% this year and has cut its economic growth forecast for 2020 to 1%. It has resisted calls for a stimulus package to reverse the slowdown, saying the economy is not facing a crisis.

Economists say the forecasts do not factor in a possible escalation in the trade conflict between the United States and the EU and are based on the scenario that Britain will leave the bloc in an orderly manner.

If any of those risks becomes reality, the outlook for Germany would be grimmer, they say.

Source : Reuters

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POPULAR NEWS
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

Gold Prices Slip After Big Weekly Gains

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic. The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic continues to show no signs of abating as the World Health Organization said that there are now 638,146...

Gold Rose As Virus-Led Growth Fears Spur Safety Buying

Gold prices rose on Monday as investors sought safe havens amid fears over growing economic damage from the coronavirus after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.89 an ounce. U.S. gold futures edged 0.1% higher to $1,625.70. Investors appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight session and oil prices to their weakest...

Dollar slows slide as investors seek shelter amid pandemic crisis

The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. In bumpy trade the dollar ran ahead early before settling back against the pound, euro, kiwi and the Australian dollar. Sterling was last 0.1% softer at $1.2449, the Aussie flat at $0.6158 and the euro (EUR=) stable at $1.1132. The halt in the dollar's slide came with a broader...

Gold Gains as Virus-Led Growth Fears Spur Safety Buying

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. Investors™ appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight...

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