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POPULAR NEWS
Gold Scores Highest Finish in a Month as Global Market Jitters Persist

Haven gold pushed higher again Monday to tally its best finish in about a month, as financial markets kept attention fixed on global growth fears and as a recessionary alarm persisted in the bond market. Bonds rose on Monday after Friday™s action marked the first U.S. Treasury yield curve inversion since 2007, feeding concerns around this oft-referenced recession signal. As such, U.S. stocks moved lower in Monday dealings as gold futures settled. Gold for April delivery on Comex rose...

Gold Futures Suffer a Retreat From March Highs as U.S. Stocks And Yields Climb

Gold futures on Tuesday settled in negative territory, giving back the bulk of gains from a day earlier that landed the metal at its highest finish in about a month. Stocks and other assets perceived as risky regained some footing higher on the session, dulling the appeal of the haven metal. April gold on Comex declined by $7.60, or 0.6%, to settle at $1,315 an ounce. The contract rose 0.8% Monday to finish at $1,322.60 ” the loftiest close for a most-active contract since Feb. 26,...

Tokyo Stocks Open Higher on Bargain-Hunting

Tokyo stocks opened higher Tuesday on bargain-hunting following a three-percent plunge the previous day, but investors remained cautious on signs of a possible global economic slowdown. The benchmark Nikkei 225 index rose 0.94 percent, or 197.23 points, to 21,174.34 in early trade while the broader Topix index was up 0.92 percent, or 14.59 points, at 1,592.00. Source : AFP

Gold Prices Lose Momentum After Hitting One-Month High

Gold prices traded lower on Tuesday in Asia after hitting a one-month high the previous day. Gold Futures traded on the Comex division of the New York Mercantile Exchange was down $5.05, or 0.4%, at $1,323.95 per ounce by 1:40 AM ET (05:40 GMT). The fall in gold prices today came as stock markets and other risky assets recovered from a tumble on Monday. The precious metal received support the previous day after the spreads between U.S. three-month and 10-year Treasury yields modestly...

Hong Kong, Chinese Markets Plunge on Growth Worries

Hong Kong and mainland Chinese stocks tumbled more than two percent Monday, in line with a sell-off across Asian markets fuelled by concerns about the global economy. The Hang Seng Index dropped 2.03 percent, or 590.01 points, to close at 28,523.35. The benchmark Shanghai Composite Index sank 1.97 percent, or 61.12 points, to 3,043.03 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, shed 1.44 percent, or 24.51 points, to 1,676.43. Source : AFP

Oil Set for Sixth Weekly Loss as Trade War Stokes Demand Fears
Friday, 10 August 2018 11:13 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

A bruising week for oil has set prices on course for the longest weekly losing streak in three years as a trade war between the world™s two biggest economies stokes fears it could sap energy demand.

Futures were headed for a 2.4 percent loss this week. The U.S. and China are threatening to slap additional tariffs on imports from each other in a matter of weeks, with the tit-for-tat protectionist measures set to expand. The trade conflict overshadowed a decline in American crude inventories and potential supply losses from Iran.

West Texas Intermediate crude for September delivery traded at $66.83 a barrel on the New York Mercantile Exchange, up 2 cents, at 12:43 p.m. in Tokyo. The contract slipped 13 cents to $66.81 on Thursday. Prices are headed for a sixth weekly decline, the longest such streak since August 2015. Total volume traded was about 55 percent below the 100-day average.

Brent for October settlement rose 6 cents to $72.13 on the London-based ICE Futures Europe exchange. Prices fell 21 cents to $72.07 on Thursday, and are headed for a 1.5 percent drop this week. The global benchmark crude traded at a $5.97 premium to WTI for the same month.

Source : Bloomberg

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POPULAR NEWS
Gold Scores Highest Finish in a Month as Global Market Jitters Persist

Haven gold pushed higher again Monday to tally its best finish in about a month, as financial markets kept attention fixed on global growth fears and as a recessionary alarm persisted in the bond market. Bonds rose on Monday after Friday™s action marked the first U.S. Treasury yield curve inversion since 2007, feeding concerns around this oft-referenced recession signal. As such, U.S. stocks moved lower in Monday dealings as gold futures settled. Gold for April delivery on Comex rose...

Gold Futures Suffer a Retreat From March Highs as U.S. Stocks And Yields Climb

Gold futures on Tuesday settled in negative territory, giving back the bulk of gains from a day earlier that landed the metal at its highest finish in about a month. Stocks and other assets perceived as risky regained some footing higher on the session, dulling the appeal of the haven metal. April gold on Comex declined by $7.60, or 0.6%, to settle at $1,315 an ounce. The contract rose 0.8% Monday to finish at $1,322.60 ” the loftiest close for a most-active contract since Feb. 26,...

Tokyo Stocks Open Higher on Bargain-Hunting

Tokyo stocks opened higher Tuesday on bargain-hunting following a three-percent plunge the previous day, but investors remained cautious on signs of a possible global economic slowdown. The benchmark Nikkei 225 index rose 0.94 percent, or 197.23 points, to 21,174.34 in early trade while the broader Topix index was up 0.92 percent, or 14.59 points, at 1,592.00. Source : AFP

Gold Prices Lose Momentum After Hitting One-Month High

Gold prices traded lower on Tuesday in Asia after hitting a one-month high the previous day. Gold Futures traded on the Comex division of the New York Mercantile Exchange was down $5.05, or 0.4%, at $1,323.95 per ounce by 1:40 AM ET (05:40 GMT). The fall in gold prices today came as stock markets and other risky assets recovered from a tumble on Monday. The precious metal received support the previous day after the spreads between U.S. three-month and 10-year Treasury yields modestly...

Hong Kong, Chinese Markets Plunge on Growth Worries

Hong Kong and mainland Chinese stocks tumbled more than two percent Monday, in line with a sell-off across Asian markets fuelled by concerns about the global economy. The Hang Seng Index dropped 2.03 percent, or 590.01 points, to close at 28,523.35. The benchmark Shanghai Composite Index sank 1.97 percent, or 61.12 points, to 3,043.03 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, shed 1.44 percent, or 24.51 points, to 1,676.43. Source : AFP

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