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POPULAR NEWS
Gold's Net Bullish Positions Snap Three-Week Losing Streak

Gold speculators increased their bullish net positions in the week ended March 19, the Commodity Futures Trading Commission (CFTC) data released on Friday showed. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, rose by 9,577 net contracts to 88,396 contracts with the gross long and short positions falling by 925 contracts and 10,502 contracts. Notably, net positions remained in bullish territory for the eighteenth straight week, having...

Dollar Off Six-Week Lows vs Yen, Little Response to Mueller Report

The dollar edged back from a six-week low against the yen early on Monday, as a degree of calm returned to the market gripped by fears of a recession in the United States. The greenback had tumbled on Friday as the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 following weak U.S. manufacturing PMI data. An inverted yield curve has historically signalled an impending recession. Cautious comments from the U.S. Federal Reserve last week...

Tokyo Stocks Open Down More Than 2 Percent on Slowdown Fears

Tokyo stocks opened sharply lower on Monday as fears lingered over a global economic slowdown following a dive in US stocks. The benchmark Nikkei 225 index dropped 2.13 percent or 460.36 points to 21,166.98 in early trade, while the broader Topix index fell 2.04 percent or 32.97 points to 1,584.14. Source : AFP

Oil Prices Slide on Concerns of Sharp Economic Slowdown

Oil prices kicked off the week's trading with losses as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.79 per barrel at 0022 GMT, down 29 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) futures were at $58.68 per barrel, down 37 cents, or 0.6 percent, from their last settlement. The Organization of the Petroleum Exporting...

UK's Embattled May Faces Huge Anti-Brexit March

Anti-Brexit protesters flooded into central London by the hundreds of thousands Saturday, demanding that Britain's Conservative-led government hold a new referendum on whether Britain should leave the European Union. The "People's Vote March" snaked from Park Lane and other locations to converge on Parliament, where the fate of Brexit will be decided in the coming weeks. Marchers carried European Union flags and signs praising the longstanding ties between Britain and continental Europe. The...

Gold settles higher as Trump comments weigh on the dollar
Tuesday, 17 April 2018 01:22 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices settled higher Monday, buoyed by a weaker U.S. dollar, which fell as traders appeared to shrug off concerns of possible retaliation from Russia in the wake of the U.S.-led airstrikes in Syria.

Michael Kosares, founder of gold broker USAGOLD, also said that a tweet Monday, in which President Donald Trump said China and Russia were playing the "currency devaluation game, also weighed on the greenback. June gold rose $2.80, or 0.2%, to settle at $1,350.70 an ounce.

Source: Marketwatch

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POPULAR NEWS
Gold's Net Bullish Positions Snap Three-Week Losing Streak

Gold speculators increased their bullish net positions in the week ended March 19, the Commodity Futures Trading Commission (CFTC) data released on Friday showed. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, rose by 9,577 net contracts to 88,396 contracts with the gross long and short positions falling by 925 contracts and 10,502 contracts. Notably, net positions remained in bullish territory for the eighteenth straight week, having...

Dollar Off Six-Week Lows vs Yen, Little Response to Mueller Report

The dollar edged back from a six-week low against the yen early on Monday, as a degree of calm returned to the market gripped by fears of a recession in the United States. The greenback had tumbled on Friday as the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 following weak U.S. manufacturing PMI data. An inverted yield curve has historically signalled an impending recession. Cautious comments from the U.S. Federal Reserve last week...

Tokyo Stocks Open Down More Than 2 Percent on Slowdown Fears

Tokyo stocks opened sharply lower on Monday as fears lingered over a global economic slowdown following a dive in US stocks. The benchmark Nikkei 225 index dropped 2.13 percent or 460.36 points to 21,166.98 in early trade, while the broader Topix index fell 2.04 percent or 32.97 points to 1,584.14. Source : AFP

Oil Prices Slide on Concerns of Sharp Economic Slowdown

Oil prices kicked off the week's trading with losses as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.79 per barrel at 0022 GMT, down 29 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) futures were at $58.68 per barrel, down 37 cents, or 0.6 percent, from their last settlement. The Organization of the Petroleum Exporting...

UK's Embattled May Faces Huge Anti-Brexit March

Anti-Brexit protesters flooded into central London by the hundreds of thousands Saturday, demanding that Britain's Conservative-led government hold a new referendum on whether Britain should leave the European Union. The "People's Vote March" snaked from Park Lane and other locations to converge on Parliament, where the fate of Brexit will be decided in the coming weeks. Marchers carried European Union flags and signs praising the longstanding ties between Britain and continental Europe. The...

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