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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 sinking into $1,240, looking for a new low for 2018
Thursday, 12 July 2018 12:53 WIB | PRECIOUS METALS |GOLD

Gold is holding close to 2018 lows as the precious metal continues to slump, with traders opting to hold USD for the time being.

Trade tensions continue to rise between the US and China, with further tariffs due to come into effect as last Friday's reciprocal tariffs saw neither side willing to back down.

Broader markets have recoiled from the ramped-up trade tensions, with traders flocking into safe havens and buying up the USD, driving commodities and equities into lows, and Gold continues to slump on the back of a rising Greenback.

Gold levels to watch

With Gold tipping into lows, 1,241 remains the current week's low, with 2018's low nearby at 1,237. The 1,235 region present heavy support for Gold prices, with a firm rejection taking place at the same region back in December of 2017. Bulls are looking up from the bottom of a very steep decline, with resistance resting at the week's high at 1,265, with the previous week's peak far above at 1,309.

Source: FXstreet

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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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