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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

Oil Rises to Five-Week High as Outlook for Demand Brightens
Thursday, 14 September 2017 03:12 WIB | ENERGY |WTIBrent

Oil closed at its highest in five weeks after the International Energy Agency and OPEC improved their outlooks for demand.

Futures gained 2.2 percent in New York. The IEA sees global oil demand rising this year by the most since 2015, while OPEC boosted projections for consumption in Europe and China. Plus, the cartel and its allies are said to be considering an extension of their output-cut deal. In the U.S., refineries are set to process more crude as they come back online after Hurricane Harvey led gasoline inventories to tumble the most on record last week.

West Texas Intermediate for October delivery rose $1.07 to settle at $49.30 a barrel on the New York Mercantile Exchange. Total volume traded was about 15 percent above the 100-day average.

Brent for November settlement increased 89 cents to end the session at $55.16 on the London-based ICE Futures Europe exchange., the highest level since April. The global benchmark crude traded at a premium of $5.41 to November WTI.

 

Source: Bloomberg

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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

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