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POPULAR NEWS
Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Russia Proposes Grain Export Quota in Response to Coronavirus

Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on Friday, prompting concern among traders that the measures by the world's largest wheat exporter could be extended. In fellow Black Sea exporter Ukraine, the economy ministry on Friday said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the...

European markets close lower as investors monitor coronavirus and stimulus measures

European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response. The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory. European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according...

Dow drops more than 900 points on Friday, but still finishes higher for the week

Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street. Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases. The Dow Jones Industrial Average dropped 904 points, or about 4%. The S&P 500 slid 3.4% while the Nasdaq Composite traded 3.7% lower. The major averages cut most of their initial losses, however, in...

Gold Gains on Virus Spread, Rate Cut Hopes
Thursday, 27 February 2020 20:17 WIB | PRECIOUS METALS |EMASGOLD

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries.

Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50.

Governments ramped up measures on Thursday to battle the coronavirus as the number of infections outside China, the source of the outbreak, for the first time surpassed those appearing inside the country.

Source : Reuters

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POPULAR NEWS
Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Russia Proposes Grain Export Quota in Response to Coronavirus

Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on Friday, prompting concern among traders that the measures by the world's largest wheat exporter could be extended. In fellow Black Sea exporter Ukraine, the economy ministry on Friday said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the...

European markets close lower as investors monitor coronavirus and stimulus measures

European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response. The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory. European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according...

Dow drops more than 900 points on Friday, but still finishes higher for the week

Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street. Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases. The Dow Jones Industrial Average dropped 904 points, or about 4%. The S&P 500 slid 3.4% while the Nasdaq Composite traded 3.7% lower. The major averages cut most of their initial losses, however, in...

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