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POPULAR NEWS
Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Rises as ETF Holdings Expand to Four-Month High

Gold advanced as holdings in bullion-backed exchange-traded funds expanded amid concerns about slowing global economic growth and a potential pause in interest rate increases by the Federal Reserve. The U.S. central bank is unlikely to raise rates in 2019 and 2020 based on bond market indicators and the greenback is expected to weaken, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital. Money. Spot gold +0.2% to $1,245.96/oz at 10:19am in...

Gold Prices Inch Higher as Dollar Softens

Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally. Spot gold was up 0.2 percent at $1,246.62 per ounce, as of 0430 GMT. It touched its highest in nearly five months at $1,250.55 in the prior session. U.S. gold futures were 0.2 percent higher at $1,251.4 per ounce. Source : CNBC

U.S Stocks Mount Late-Day Reversal, Erasing Dow 500 Point Decline

U.S. stocks staged a late-day comeback Monday to push equity benchmarks into positive territory, as semiconductor shares drove the tech-heavy Nasdaq higher. The S&P 500 rose by 0.2% to end around 2,637, based on preliminary numbers. The Dow Jones Industrial Average advanced 33 points, or 0.1%, to around 24,422. The Nasdaq Composite rose 0.7% to around 7,021. But equities have struggled to notch a streak of positive sessions as softening global growth and simmering U.S.-China trade...

Housebuilding spurs modest rebound in UK construction: PMI
Monday, 4 December 2017 18:54 WIB | EUROPE |InggrisU.K. Construction

Housebuilding spurred a recovery in Britain™s construction industry last month, making up for weakness in other parts of a largely downbeat sector, a survey showed on Monday.

The IHS Markit/CIPS UK Construction PMI touched a five-month high of 53.1 in November from 50.8 in October and better than all forecasts in a Reuters poll of economists that had pointed to a reading of 51.0. The upturn was driven entirely by the residential sector.

Commercial and civil engineering activity continued to contract, despite a marked easing in cost pressures. British finance minister Philip Hammond announced a series of measures on Nov. 22 to boost house-building, which has lagged demand for years and contributed to a sharp rise in house prices. IHS Markit said 70 percent of responses to the survey were collected before the budget speech.

Confidence about business prospects over the next year edged up to a three-month high but remained near three-year lows. IHS Markit/CIPS, which compiles the survey, said construction companies linked worries to political and economic uncertainty ahead of Britain™s exit from the European Union.

œUK construction companies experienced a solid yet uneven improvement in business conditions during November, said IHS Markit associate director Tim Moore.

Costs faced by construction companies for materials increased at the weakest pace since September 2016. Some firms said price increases driven by the pound™s post-Brexit-vote fall had started to lose their bite, IHS Markit reported.

Construction comprises around 6 percent of British economic output. A PMI for the services sector -- more than 10 times the size of construction -- is due on Tuesday.

Source: Reuters

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POPULAR NEWS
Gold Prices Decline With Dollar Up a Second Straight Session

Gold prices gave up an earlier climb to finish a bit lower on Tuesday, weighed down by a second straight session of gains for the U.S. dollar. Expectations for a slowdown in the pace of future rate increases by the U.S. Federal Reserve, however, helped cap losses for the metal. Gold for February delivery on Comex fell by $2.20, or 0.2%, to settle at $1,247.20 an ounce, down from an earlier high above $1,255. March silver rose 2.3 cents, or 0.2%, to $14.628 an ounce, recouping some of its...

Gold Futures End With a Loss on Stronger Dollar

Gold futures ended with a loss on Monday, with strength in the dollar putting pressure on the dollar-denominated precious metal. The greenback found support as the British pound touched a 20-month low after a highly anticipated vote on U.K.'s exit from the European Union was postponed. February gold fell $3.20, or 0.3%, to settle at $1,249.40 an ounce. Prices had finished Friday at their highest since July. Source : Marketwatch

Gold Rises as ETF Holdings Expand to Four-Month High

Gold advanced as holdings in bullion-backed exchange-traded funds expanded amid concerns about slowing global economic growth and a potential pause in interest rate increases by the Federal Reserve. The U.S. central bank is unlikely to raise rates in 2019 and 2020 based on bond market indicators and the greenback is expected to weaken, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital. Money. Spot gold +0.2% to $1,245.96/oz at 10:19am in...

Gold Prices Inch Higher as Dollar Softens

Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally. Spot gold was up 0.2 percent at $1,246.62 per ounce, as of 0430 GMT. It touched its highest in nearly five months at $1,250.55 in the prior session. U.S. gold futures were 0.2 percent higher at $1,251.4 per ounce. Source : CNBC

U.S Stocks Mount Late-Day Reversal, Erasing Dow 500 Point Decline

U.S. stocks staged a late-day comeback Monday to push equity benchmarks into positive territory, as semiconductor shares drove the tech-heavy Nasdaq higher. The S&P 500 rose by 0.2% to end around 2,637, based on preliminary numbers. The Dow Jones Industrial Average advanced 33 points, or 0.1%, to around 24,422. The Nasdaq Composite rose 0.7% to around 7,021. But equities have struggled to notch a streak of positive sessions as softening global growth and simmering U.S.-China trade...

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