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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

Gold Trims 2nd Weekly Loss as Platinum Hits 2016 Low
Friday, 22 June 2018 17:26 WIB | PRECIOUS METALS |GOLDEMASBullionEmas berjangka

Gold gains, paring second weekly drop. Bullion's still trading near lowest this year, while dollar is close to highest since July on fears trade tensions between U.S. and China will escalate, hurting growth. Platinum slumps to lowest in more than two years.

Bullion for immediate delivery strengthened 0.2% at $1,269.05/oz by 11:07am in London; it lost 0.8% this week. This metal touched $1,261.50 on Thurs, lowest since Dec. 20. Bloomberg Dollar Spot Index weakened 0.2%

While gold inches up because of dollar profit taking, technical indicators don™t suggest that it can sustain gains or push higher, says Gnanasekar Thiagarajan, director at Commtrendz Risk Management Services

In other precious metals, silver rose 0.7% at $16.4258/oz, set for 2nd weekly loss, platinum added 0.5% to $867.71/oz after it touched $857.66, lowest since Feb. 2016. Palladium gained 0.8%, trimming weekly loss to 3%, worst since 5 days to April 27.

Source: Bloomberg

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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

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