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POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold Prices Hold Above $1,500 Ahead of Fed Minutes, Powell

Gold prices traded lower on Wednesday as safe-haven demand faltered and investors proved cautious ahead of input from the minutes of the last Federal Reserve meeting to be followed by an appearance from the head of the U.S. central bank chief Jerome Powell on Friday. Spot gold fell $7.21, or 0.5%, to $1,500.20 a troy ounce by 7:41 AM ET (11:41 GMT), while Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, lost $5.55, or 0.4%, to $1,510.15. The Fed...

Oil Steadies After Report Indicates Drawdown in U.S. Stockpiles

Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week. Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had stumbled after U.S. Secretary of State Mike Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national security threats to the U.S. A recovery came as focus switched to analyst forecasts that...

Hong Kong stocks end with losses (Review)

Hong Kong shares ended slightly lower on Tuesday after a four-day rally, with profit-taking offsetting fresh hopes for China-US trade talks. The Hang Seng Index slipped 0.23 per cent, or 60.30 points, to 26,231.54. The benchmark Shanghai Composite Index fell 0.11 per cent, or 3.09 points, to 2,880.00 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.14 per cent, or 2.15 points, to 1,574.12. Source : AFP

Gold Prices Slip Ahead of Jackson Hole Symposium

Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe Powell™s speech will provide an unknown risk...

Gold hits 6-month low as investors sell, dollar climbs
Thursday, 21 June 2018 16:58 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka

Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States.

Spot goldwas down 0.4 percent at $1,262.78 an ounce by 09:17 GMT from an earlier $1,261.36, its lowest since Dec. 20. It has lost more than 7 percent since the April high above $1,365 an ounce. U.S. gold futures were down 0.8 percent at $1,264.50 an ounce.

Holdings of the largest gold-backed exchange traded fund (ETF), the New York-listed SPDR Gold Trust       have fallen nearly five percent to 26.645 million ounces since late April. That trend is reflected in other U.S. based ETFs.

Meanwhile higher U.S. interest rates and the prospect of further rises later this year have seen the dollar against a basket of other major currencies climb to its highest since last July.      

Higher interest rates would typically see investors divest gold, which earns nothing and costs money to store and insure.

Source: Reuters

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Gold ends flat, then moves lower in electronic trade after Fed minutes...
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Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Fe...

POPULAR NEWS
Gold ends flat, then moves lower in electronic trade after Fed minutes

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...

Gold Prices Hold Above $1,500 Ahead of Fed Minutes, Powell

Gold prices traded lower on Wednesday as safe-haven demand faltered and investors proved cautious ahead of input from the minutes of the last Federal Reserve meeting to be followed by an appearance from the head of the U.S. central bank chief Jerome Powell on Friday. Spot gold fell $7.21, or 0.5%, to $1,500.20 a troy ounce by 7:41 AM ET (11:41 GMT), while Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, lost $5.55, or 0.4%, to $1,510.15. The Fed...

Oil Steadies After Report Indicates Drawdown in U.S. Stockpiles

Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week. Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had stumbled after U.S. Secretary of State Mike Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national security threats to the U.S. A recovery came as focus switched to analyst forecasts that...

Hong Kong stocks end with losses (Review)

Hong Kong shares ended slightly lower on Tuesday after a four-day rally, with profit-taking offsetting fresh hopes for China-US trade talks. The Hang Seng Index slipped 0.23 per cent, or 60.30 points, to 26,231.54. The benchmark Shanghai Composite Index fell 0.11 per cent, or 3.09 points, to 2,880.00 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.14 per cent, or 2.15 points, to 1,574.12. Source : AFP

Gold Prices Slip Ahead of Jackson Hole Symposium

Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe Powell™s speech will provide an unknown risk...

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