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POPULAR NEWS
Gold claws up from 2019 low, but ascent limited by stock-market gains

Gold trade steadied Wednesday morning, with prices poking into positive territory, after a hunt for assets viewed as risky took the haven metal to its lowest finish of the year a day ago. Gold for June delivery on Comex was up $1.10, or less than 0.1%, at $1,278.30 an ounce. June gold settled at $1,277.20 Tuesday. That was the lowest finish for a most-active contract since Dec. 26, according to FactSet data. Gold had moved lower this week as equity benchmarks in the U.S. flirted with records...

Gold Traded Near Lowest Level This Year on Growth Optimism

Gold traded near the lowest level this year as world equities held near a six-month high on renewed optimism about global growth after China™s economy unexpectedly held up in the first quarter. China™s first-quarter GDP figures out Wednesday exceeded economist estimates and March retail sales and industrial production were also better-than-expected. That™s easing concerns about a slowdown that had rattled investors. A bearish technical indicator is also weighing on gold....

Stocks open higher after upbeat corporate earnings

Stocks rose at the opening bell on Wednesday as investors keyed into the next round of first-quarter corporate earnings, while showing little interest in China's robust economic data. The S&P 500 was up 0.3% to 2,916. The Dow Jones Industrial Average picked up 32 points, or 0.1%, to 26,484. The Nasdaq Composite climbed 0.6% to 8,046. Key equity benchmarks continue to move toward their record highs, with the S&P 500 less than 1% away from its all-time closing high on Sept. 20. China's...

U.S. dollar edges lower after stronger-than-expected China GDP data

The U.S. dollar was off slightly versus its biggest rivals Wednesday after data showed the pace of Chinese economic growth steadied in the first quarter, helping to soothe fears of a global economic slowdown. The ICE U.S. Dollar Index a measure of the currency against six major rivals, was off 0.1% at 96.918. The U.S. unit traded at 111.99 Japanese yen down marginally from its level late Tuesday in New York trading at ¥112.02. The euro fetched $1.1308, up from $1.1283. China's economy grew...

Oil snaps back as preliminary data show a dip in U.S. supply, China growth surprises

Oil futures pushed higher for back-to-back sessions Wednesday as preliminary data showed a drop in U.S. supplies, with prices recovering from the roughly one-week lows hit to start the week. A snapshot of weekly domestic petroleum data ” with official data due later Wednesday ” showed that a supply dip may have snapped a string of three weekly gains in a row. The U.S. benchmark, West Texas Intermediate crude for May delivery rose 42 cents, or 0.7%, to $64.48 a barrel on the New York...

Gold Declines After Two-Day Gain as Dollar Rebounds
Thursday, 14 March 2019 15:29 WIB | PRECIOUS METALS |GOLDEMAS

Gold drops to snap two days of gains as the dollar recovers, while investors weigh the latest economic data from China, progress in the trade war, and Brexit developments.

Spot gold -0.5% to $1,302.26/oz at 7:14am in London; +1.2% over previous two days. Bloomberg Dollar Spot Index +0.3%, after -0.4% Wednesday to cap 4-day decline.

President Donald Trump acknowledged concerns in Beijing about the possibility of him walking away from an agreement, offering to push back a summit with Chinese leader Xi Jinping until a final deal is reached.

Source : Bloomberg

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POPULAR NEWS
Gold claws up from 2019 low, but ascent limited by stock-market gains

Gold trade steadied Wednesday morning, with prices poking into positive territory, after a hunt for assets viewed as risky took the haven metal to its lowest finish of the year a day ago. Gold for June delivery on Comex was up $1.10, or less than 0.1%, at $1,278.30 an ounce. June gold settled at $1,277.20 Tuesday. That was the lowest finish for a most-active contract since Dec. 26, according to FactSet data. Gold had moved lower this week as equity benchmarks in the U.S. flirted with records...

Gold Traded Near Lowest Level This Year on Growth Optimism

Gold traded near the lowest level this year as world equities held near a six-month high on renewed optimism about global growth after China™s economy unexpectedly held up in the first quarter. China™s first-quarter GDP figures out Wednesday exceeded economist estimates and March retail sales and industrial production were also better-than-expected. That™s easing concerns about a slowdown that had rattled investors. A bearish technical indicator is also weighing on gold....

Stocks open higher after upbeat corporate earnings

Stocks rose at the opening bell on Wednesday as investors keyed into the next round of first-quarter corporate earnings, while showing little interest in China's robust economic data. The S&P 500 was up 0.3% to 2,916. The Dow Jones Industrial Average picked up 32 points, or 0.1%, to 26,484. The Nasdaq Composite climbed 0.6% to 8,046. Key equity benchmarks continue to move toward their record highs, with the S&P 500 less than 1% away from its all-time closing high on Sept. 20. China's...

U.S. dollar edges lower after stronger-than-expected China GDP data

The U.S. dollar was off slightly versus its biggest rivals Wednesday after data showed the pace of Chinese economic growth steadied in the first quarter, helping to soothe fears of a global economic slowdown. The ICE U.S. Dollar Index a measure of the currency against six major rivals, was off 0.1% at 96.918. The U.S. unit traded at 111.99 Japanese yen down marginally from its level late Tuesday in New York trading at ¥112.02. The euro fetched $1.1308, up from $1.1283. China's economy grew...

Oil snaps back as preliminary data show a dip in U.S. supply, China growth surprises

Oil futures pushed higher for back-to-back sessions Wednesday as preliminary data showed a drop in U.S. supplies, with prices recovering from the roughly one-week lows hit to start the week. A snapshot of weekly domestic petroleum data ” with official data due later Wednesday ” showed that a supply dip may have snapped a string of three weekly gains in a row. The U.S. benchmark, West Texas Intermediate crude for May delivery rose 42 cents, or 0.7%, to $64.48 a barrel on the New York...

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