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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

Private-Sector Job Growth Surges in August, ADP Says
Wednesday, 30 August 2017 20:17 WIB | UNITED STATES |Ekonomi ASNon-Farm EmploymentADP US

Private-sector hiring skyrocketed in August, according to data released Wednesday.

Employers added a seasonally adjusted 237,000 jobs during the month, payroll processor ADP said. That was a big gain from the 178,000 jobs ADP reported in July, and which it revised up to 201,000. It also easily beat the Econoday consensus forecast of 185,000.

Small businesses added 48,000 employees, medium-sized businesses added 74,000 workers, and large businesses added 115,000 people. Nearly all the job gains came from the service sector, which produced 204,000 jobs. With the goods-producing sector, mining employment shed 1,000 jobs, construction added 18,000, and manufacturing added 16,000.

Analysts look to the ADP report for a hint of what the Labor Department™s jobs report, due two days later, may hold, although ADP™s record has been spotty.

As of Wednesday, economists surveyed by MarketWatch were calling for a gain of 175,000 in the government™s August jobs figures.

 

Source: MarketWatch

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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

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