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POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six years. August gold trading fell by $1.40, or 0.1%, to settle at $1,426.70 an ounce, after touching an intraday high of $1,454.40. Friday™s intraday high and Thursday™s settlement were the loftiest for a most-active contract since mid-May 2013, according to Dow Jones Market Data. Gold tallied...

Gold extends rise, as yellow metal's monster rally persists

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold trading was gaining $10.70, or 0.8%, to $1,438.80 an ounce, after hitting $1,448 an ounce in electronic trade Thursday at 4 p.m. Eastern time. Thursday™s settlement was the loftiest for a most-active contract since May 13, 2013, marking a fresh 52-week high for the commodity, according to Dow...

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. Benchmark crude prices were still on track for their biggest weekly decline in seven weeks, however, having fallen sharply earlier in the week on concerns over global oil demand amid slowing economic growth. Brent crude futures were up 1.11 cents, or 1.78%, at $63.04 a barrel by 10:37 GMT,...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide...

Iran Offers to Take Steps Toward Easing Tensions with US

Iran signaled Thursday that it was willing to take steps to reduce the tensions over its nuclear program with the Trump administration. Iranian Foreign Minister Mohammad Javad Zarif told reporters in New York that Tehran would be open to more intrusive inspections of its nuclear program if Washington lifted its economic sanctions.  But the offer, which Zarif described as "a substantial move," was met with a tepid response.  A senior administration official told VOA on background,...

Gold Set for Longest Run of Weekly Gains Since January
Friday, 19 October 2018 15:59 WIB | PRECIOUS METALS |GOLDEMASBullion

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven.

Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping into a recession in the next two years is now greater than 60 percent.

Bullion for immediately delivery little changed at $1,226.38/oz at 9:41am in London; +0.8% this week.

Source : Bloomberg

RELATED NEWS
Gold loses stream after tapping fresh 6-year highs...
Saturday, 20 July 2019 02:02 WIB

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six y...

Gold extends rise, as yellow metal's monster rally persists...
Friday, 19 July 2019 19:32 WIB

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold...

Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions...
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Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Res...

Gold Hits 6-Year High on Rate Outlook; Silver Climbs...
Friday, 19 July 2019 13:58 WIB

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...

Gold Hits 6-Year High on Rate Outlook; Silver Climbs...
Friday, 19 July 2019 09:25 WIB

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...

POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six years. August gold trading fell by $1.40, or 0.1%, to settle at $1,426.70 an ounce, after touching an intraday high of $1,454.40. Friday™s intraday high and Thursday™s settlement were the loftiest for a most-active contract since mid-May 2013, according to Dow Jones Market Data. Gold tallied...

Gold extends rise, as yellow metal's monster rally persists

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold trading was gaining $10.70, or 0.8%, to $1,438.80 an ounce, after hitting $1,448 an ounce in electronic trade Thursday at 4 p.m. Eastern time. Thursday™s settlement was the loftiest for a most-active contract since May 13, 2013, marking a fresh 52-week high for the commodity, according to Dow...

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. Benchmark crude prices were still on track for their biggest weekly decline in seven weeks, however, having fallen sharply earlier in the week on concerns over global oil demand amid slowing economic growth. Brent crude futures were up 1.11 cents, or 1.78%, at $63.04 a barrel by 10:37 GMT,...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide...

Iran Offers to Take Steps Toward Easing Tensions with US

Iran signaled Thursday that it was willing to take steps to reduce the tensions over its nuclear program with the Trump administration. Iranian Foreign Minister Mohammad Javad Zarif told reporters in New York that Tehran would be open to more intrusive inspections of its nuclear program if Washington lifted its economic sanctions.  But the offer, which Zarif described as "a substantial move," was met with a tepid response.  A senior administration official told VOA on background,...

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