Wall Street and Main Street both look for gold prices to rise this week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market Committee meeting is widely expected to hike interest rates another 25 basis points this week. But that hasn't deterred analysts, who suggest this is already factored into prices. Eighteen market professionals took part in the Wall Street survey. Thirteen respondents, or 72%, predicted higher prices. There were two votes, or 11%, calling for lower...
Gold declines for second day with trade war in focus as U.S. and China hours away from new round of tariffs on each other's goods, and as investors count down to Federal Reserve's policy-setting meeting this week. Bullion for immediate delivery lost 0.3% to $1,196.81/oz by 9:15am in Singapore; fell 0.6% Friday. Bloomberg Dollar Spot Index added 0.1% after rose 0.2% Friday. $200 billion of Chinese products will be subject to tariffs from 12 p.m. Beijing time, on top of the...
Oil climbed near the highest level in more than two months as OPEC gave a tepid response to U.S. President Donald Trump's demand that it take rapid action to reduce prices, saying it would boost output only if customers requested it. Futures in New York rose as much as 1.2 percent after a 0.7 percent gain Friday. the Organization of Petroleum Exporting Countries and its allied producers stopped short of promising specific extra volumes of crude after the group™s meeting...
The Australian dollar sank and Asian stocks looked set for declines after China on Saturday called off planned trade talks with U.S. officials. The yen pared its initial advance Monday morning, with early moves lower fading for the Australian and New Zealand dollars following the latest development in the trade war. The U.S. and China are hours away from a new round of tariffs on each other™s goods. The yen rose less than 0.1 percent to 112.54 per dollar as of 7:53 a.m....
Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output. U.S. stock futures were a touch weaker while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Most of the action was in currencies as financial markets in major Asian centers Japan, China and South Korea were closed for a...
Gold prices remain under pressure as regional manufacturing data showed mixed growth in March, according to two regional Federal Reserve banks.
The New York Federal Reserve said that their manufacturing sectors saw strong growth this month. But at the same time, the Philadelphia Federal Reserve reported slightly weaker than expected growth in the sector.
Gold was under pressure ahead of the data, weighed down by a stronger U.S. dollar. The yellow metal has lost only a little bit more ground in initial reaction.
April gold futures last traded at $1,320.30 an ounce, down 0.40% on the day.
Positive for the gold market, inflation pressures appear to be rising with the Price Paid Index increasing to 50.3, up from February™s reading of 48.6. Traditionally, gold is seen as a hedge against inflation.
Source: Kitco
Emas melemah untuk hari kedua dengan perang perdagangan menjadi fokus seiring AS dan China hanya berada dalam jarak beberapa jam dari putaran tarif baru pada barang-barang satu sama lain, dan karena i...
Harga emas menetap Jumat lebih rendah, tetapi berhasil menambah keuntungan mingguan yang sangat tipis, karena saham AS melonjak lebih tinggi dan pendakian baru bagi AS terbukti terlalu banyak untuk bu...
Harga emas merosot pada hari Jumat tetapi mencoba untuk kenaikan mingguan back-to-back, karena indeks dolar menguat pada sesi ini, memangkas mingguan yang tajam. Secara keseluruhan, pasar sedang tena...
Emas memimpin kenaikan untuk pertama kalainya dalam empat pekan terakhir karena dolar turun di tengah tanda-tanda meredanya sentimen perang dagang, sementara Goldman Sachs Group Inc melihat harga meni...
Emas bergerak lebih tinggi, membangun kenaikan untuk minggu ini menyusu penurunan indeks acuan dolar, yang telah merosot hampir 2% selama sebulan terakhir. Harga emas naik, dengan emas Desember menet...
Wall Street and Main Street both look for gold prices to rise this week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market Committee meeting is widely expected to hike interest rates another 25 basis points this week. But that hasn't deterred analysts, who suggest this is already factored into prices. Eighteen market professionals took part in the Wall Street survey. Thirteen respondents, or 72%, predicted higher prices. There were two votes, or 11%, calling for lower...
Gold declines for second day with trade war in focus as U.S. and China hours away from new round of tariffs on each other's goods, and as investors count down to Federal Reserve's policy-setting meeting this week. Bullion for immediate delivery lost 0.3% to $1,196.81/oz by 9:15am in Singapore; fell 0.6% Friday. Bloomberg Dollar Spot Index added 0.1% after rose 0.2% Friday. $200 billion of Chinese products will be subject to tariffs from 12 p.m. Beijing time, on top of the...
Oil climbed near the highest level in more than two months as OPEC gave a tepid response to U.S. President Donald Trump's demand that it take rapid action to reduce prices, saying it would boost output only if customers requested it. Futures in New York rose as much as 1.2 percent after a 0.7 percent gain Friday. the Organization of Petroleum Exporting Countries and its allied producers stopped short of promising specific extra volumes of crude after the group™s meeting...
The Australian dollar sank and Asian stocks looked set for declines after China on Saturday called off planned trade talks with U.S. officials. The yen pared its initial advance Monday morning, with early moves lower fading for the Australian and New Zealand dollars following the latest development in the trade war. The U.S. and China are hours away from a new round of tariffs on each other™s goods. The yen rose less than 0.1 percent to 112.54 per dollar as of 7:53 a.m....
Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output. U.S. stock futures were a touch weaker while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Most of the action was in currencies as financial markets in major Asian centers Japan, China and South Korea were closed for a...