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POPULAR NEWS
Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

Gold dips as dollar and equities gain; investors await ECB meeting
Thursday, 24 January 2019 19:42 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold edged lower on Thursday, weighed down by a stronger dollar and an uptick in equities, while investors awaited the conclusion of the European Central Bank (ECB) policy meeting later in the day for further cues on the health of the economy.

Spot gold was down 0.2 percent at $1,278.97 an ounce at 1118 GMT. U.S. gold futures were down 0.4 percent at $1,278.20.

A stronger U.S. dollar,, another refuge for investors, makes gold more expensive for holders of other currencies. The dollar index was up 0.3 percent against a basket of currencies on Thursday.

Source: Reuters

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POPULAR NEWS
Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

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