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POPULAR NEWS
Gold futures post second straight loss

Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited among analysts for the fall in prices. U.S. unrest and tensions with China continue to feed a bullish backdrop for the gold market, analysts said. August gold fell by $16.30, or 0.9%, to settle at $1,734 an ounce. Source: Marketwatch

Gold Eases as Equity Rally Boosts Risk Appetite

Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment. Spot gold was down 0.2% at $1,722.93 per ounce, as of 1252 GMT. U.S. gold futures fell 0.3% to $1,729.70. Asian equities were set to follow the global equity rally from Tuesday, on hopes of more government stimulus. On Tuesday, stocks in the U.S., Europe and emerging markets hit their highest levels since early March. Traders hope that the...

Gold Holds One-Week Peak as U.S.-China Tensions Keep Demand Afloat

Gold prices on Tuesday held on to last session™s more than one-week high on concerns around U.S.-China relations and as rising violent protests in the United States stoked fears of a resurgence in virus cases, while optimism on reopening of economies checked their rise. Spot gold was flat at $1,739.48 per ounce, as of 0344 GMT. U.S. gold futures rose 0.1% to $1,752.10. The U.S. is likely to revoke Hong Kong™s special status, and China would retaliate by limiting purchase of U.S....

Gold Prices See Subdued Rise, Buoyed By Weaker Dollar As Stocks Rally

Gold futures on Tuesday were edging higher on the back of a weaker U.S. dollar, with gains capped by the precious metal by a global rise in assets perceived as risky like stocks. Commodity experts say that the yellow metal has enjoyed haven bids as investors remain wary of rising Sino-American trade tensions even as the economies reopening from forced closures due to the COVID-19 pandemic has dulled some of the safe-haven luster from the commodity. Gold for August delivery on Comex was up...

Gold Declines as Investors Assess Recovery, Protests

Gold dropped for a second day as traders assessed the haven™s merits amid a rally in stocks and positive signs from economies reopening, while also focusing on continued civil unrest across the U.S. Businesses are resuming operations worldwide, while manufacturing gauges are painting a more optimistic picture. Activity in China has recovered to 80% to 85% of pre-virus levels, according to Bloomberg Economics. Still, risks to growth remain, including simmering U.S.-China relations...

Australia's Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs
Friday, 6 March 2020 07:56 WIB | ECONOMY |Ekonomi AustraliaRetail Sales

Australia's consumption, as represented by Retail Sales, unexpectedly dropped in the month of January, the Australian Bureau of Statistics (ABS) reported on Friday.

The retail sales arrived at -0.3% month-on-month (MoM), compared to the forecast of 0.0% and down from previous month's reading of -0.5%.

The trend estimate rose 0.1% in January 2020. This follows a rise of 0.1% in December 2019, and a rise of 0.2% in November 2019.

The seasonally adjusted estimate fell 0.3% in January 2020. This follows a fall of 0.7% in December 2019, and a rise of 1.0% in November 2019.

In trend terms, Australian turnover rose 2.3% in January 2020 compared with January 2019.

AUD/USD drops over 10-pips from daily highs of 0.6624 on a negative surprise on the Australian Retail Sales data. The spot manages to hold above the 0.66 handle amid risk reset following a coronavirus-led blood bath in the US markets.

Source : FXStreet

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POPULAR NEWS
Gold futures post second straight loss

Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited among analysts for the fall in prices. U.S. unrest and tensions with China continue to feed a bullish backdrop for the gold market, analysts said. August gold fell by $16.30, or 0.9%, to settle at $1,734 an ounce. Source: Marketwatch

Gold Eases as Equity Rally Boosts Risk Appetite

Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment. Spot gold was down 0.2% at $1,722.93 per ounce, as of 1252 GMT. U.S. gold futures fell 0.3% to $1,729.70. Asian equities were set to follow the global equity rally from Tuesday, on hopes of more government stimulus. On Tuesday, stocks in the U.S., Europe and emerging markets hit their highest levels since early March. Traders hope that the...

Gold Holds One-Week Peak as U.S.-China Tensions Keep Demand Afloat

Gold prices on Tuesday held on to last session™s more than one-week high on concerns around U.S.-China relations and as rising violent protests in the United States stoked fears of a resurgence in virus cases, while optimism on reopening of economies checked their rise. Spot gold was flat at $1,739.48 per ounce, as of 0344 GMT. U.S. gold futures rose 0.1% to $1,752.10. The U.S. is likely to revoke Hong Kong™s special status, and China would retaliate by limiting purchase of U.S....

Gold Prices See Subdued Rise, Buoyed By Weaker Dollar As Stocks Rally

Gold futures on Tuesday were edging higher on the back of a weaker U.S. dollar, with gains capped by the precious metal by a global rise in assets perceived as risky like stocks. Commodity experts say that the yellow metal has enjoyed haven bids as investors remain wary of rising Sino-American trade tensions even as the economies reopening from forced closures due to the COVID-19 pandemic has dulled some of the safe-haven luster from the commodity. Gold for August delivery on Comex was up...

Gold Declines as Investors Assess Recovery, Protests

Gold dropped for a second day as traders assessed the haven™s merits amid a rally in stocks and positive signs from economies reopening, while also focusing on continued civil unrest across the U.S. Businesses are resuming operations worldwide, while manufacturing gauges are painting a more optimistic picture. Activity in China has recovered to 80% to 85% of pre-virus levels, according to Bloomberg Economics. Still, risks to growth remain, including simmering U.S.-China relations...

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