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POPULAR NEWS
Wall. St. Sees More Weakness In Gold Price; Main St. Leans Bullish

Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey. Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways market. Meanwhile, 642 voters responded in an online Main Street survey. A total of 280 respondents, or...

Gold Holds Drop Amid Trade Tension; Powell Speech Eyed

Gold holds drop amid ongoing trade tensions and as investors await Federal Reserve Chairman Jerome Powell's speech later this week for further clues on the central bank's monetary policy path. Bullion for immediate delivery little changed at $1,243.55/oz at 9:27am in Singapore, after lost 0.3% Friday, according to Bloomberg generic pricing. This metal lost 0.9% last week. Bloomberg Dollar Spot Index flat after added 0.6% last week. œWhile the USD strength is...

China Stocks Hold Loss After GDP Meets Estimates; Xiaomi Tumbles

Chinese stocks remained lower after data showed 2Q GDP grew 6.7%, in line with expectations, while Xiaomi dropped after being excluded from a list of stocks eligible for trading via connects with mainland China. Shanghai Composite Index down 0.6% as of 10:19am local time. CSI 300 Index also 0.6% lower, ChiNext retreats 0.5%. Hang Seng Index falls 0.3%, erasing 0.6% gain; Hang Seng China Enterprises Index -0.9%. Xiaomi, which made its debut in Hong Kong last week, slides as much...

Hong Kong stocks ease by break

Hong Kong stocks ended the morning session slightly lower after data showed China's economic growth slowed marginally in the second quarter, just as the country faces the prospect of a damaging trade war with the US. The Hang Seng Index dipped 0.17 percent, or 47.71 points, to 28,477.73. Source: AFP

Oil prices dip as markets eye potential supply increases

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 00:57 GMT. U.S. West Texas Intermediate (WTI) crude was down 27 cents, or 0.4 percent, at $70.74 a barrel. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although...

Oil Rebounds as Uncertainty Swirls Over Escalating Trade War
Thursday, 12 July 2018 13:04 WIB | ENERGY |Minyak WTIMinyak jenis Brent

Oil in London pared some losses after the biggest plunge in more than two years as uncertainty swirled over how an escalating trade war between the world™s two largest economies will affect demand.

Futures rose as much as 1.9 percent after plunging 6.9 percent on Wednesday. Traders are trying to assess what impact America™s proposed tariffs on $200 billion worth of Chinese goods could have on global economic growth after yesterday™s selloff across risk assets. Meanwhile, U.S. crude inventories shrunk by the most in almost two years, a supportive factor for prices.

Brent for September settlement added 1.6 percent to $74.57 a barrel on the London-based ICE Futures Europe exchange at 2:29 p.m. in Tokyo. Prices on Wednesday tumbled the most since February 2016, dropping 6.9 percent to $73.40. The global benchmark traded at a $5.08 premium to West Texas Intermediate for the same month.

WTI crude for August delivery rose 0.7 percent to $70.87 a barrel on the New York Mercantile Exchange. The contract slumped $3.73 to $70.38 on Wednesday. Total volume traded was about 39 percent above the 100-day average.

Source: Bloomberg

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POPULAR NEWS
Wall. St. Sees More Weakness In Gold Price; Main St. Leans Bullish

Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey. Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways market. Meanwhile, 642 voters responded in an online Main Street survey. A total of 280 respondents, or...

Gold Holds Drop Amid Trade Tension; Powell Speech Eyed

Gold holds drop amid ongoing trade tensions and as investors await Federal Reserve Chairman Jerome Powell's speech later this week for further clues on the central bank's monetary policy path. Bullion for immediate delivery little changed at $1,243.55/oz at 9:27am in Singapore, after lost 0.3% Friday, according to Bloomberg generic pricing. This metal lost 0.9% last week. Bloomberg Dollar Spot Index flat after added 0.6% last week. œWhile the USD strength is...

China Stocks Hold Loss After GDP Meets Estimates; Xiaomi Tumbles

Chinese stocks remained lower after data showed 2Q GDP grew 6.7%, in line with expectations, while Xiaomi dropped after being excluded from a list of stocks eligible for trading via connects with mainland China. Shanghai Composite Index down 0.6% as of 10:19am local time. CSI 300 Index also 0.6% lower, ChiNext retreats 0.5%. Hang Seng Index falls 0.3%, erasing 0.6% gain; Hang Seng China Enterprises Index -0.9%. Xiaomi, which made its debut in Hong Kong last week, slides as much...

Hong Kong stocks ease by break

Hong Kong stocks ended the morning session slightly lower after data showed China's economic growth slowed marginally in the second quarter, just as the country faces the prospect of a damaging trade war with the US. The Hang Seng Index dipped 0.17 percent, or 47.71 points, to 28,477.73. Source: AFP

Oil prices dip as markets eye potential supply increases

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 00:57 GMT. U.S. West Texas Intermediate (WTI) crude was down 27 cents, or 0.4 percent, at $70.74 a barrel. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although...

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