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POPULAR NEWS
Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve™s...

Gold Prices Drops from Two-Week Highs to Stay Below $1,650 Level

Gold prices dropped on Friday in Asia as equities rebounded. Gold Futures for April delivery on the Comex exchange slid 0.7% to $1,640.05 by 12:55 AM ET (04:55 GMT). Despite the losses today, gold prices still traded sharply higher this week, gaining over 8% and heading for its biggest weekly gain in over a decade as the total number of coronavirus cases across the world continued to rise. The U.S. has now overtaken China for the most confirmed cases worldwide, as infections in New York...

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....

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...

Oil Rises as Broader Markets Gain on Hopes For More Stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. After tumbling for the past four weeks, Brent crude was up 50 cents, or nearly 2%, at $26.84 a barrel by 0116 GMT, and on track to end the week steady or only slightly lower. U.S. crude was up 60 cents, or 2.7%, at $23.20, and is heading for a weekly gain of about 3%. Both contracts are down...

Oil Rally Fizzles as OPEC Again Faces Dilemma Over Trump Tweet
Tuesday, 26 February 2019 13:20 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil is stumbling after a 30 percent rally since Christmas Eve as speculation swirls over whether OPEC will heed Donald Trump™s call to temper prices.

Futures in New York extended losses after sliding 3.1 percent on Monday, the most in four weeks. While crude is still over 25 percent below a four-year high in October, the U.S. president tweeted on Monday that prices are getting too high and called on the Organization of Petroleum Exporting Countries to œrelax and take it easy. Oil™s recovery in 2019 has been propelled by output curbs by OPEC, with top member Saudi Arabia making the deepest cuts.

Last year, the Saudis obliged when Trump urged that taps should be kept open as his administration sought to shrink Iranian exports to zero via sanctions. Then the U.S. eased its hard-line demand that the Persian Gulf state™s customer halt purchases and gave a number of them waivers to buy limited quantities. That American move triggered a 38 percent collapse in crude in the fourth quarter, dealing a blow to the economies of OPEC members.

The group has learned from that mistake and is unlikely to repeat it, according to two oil officials in the Gulf region who asked not to be identified. Still, investors are wary over whether OPEC will be able to defy Trump, who could enforce legislation that shakes the organization to its foundations. The Saudis, meanwhile, are also facing political backlash in the U.S. for the murder of Washington Post columnist and critic Jamal Khashoggi.

West Texas Intermediate for April delivery traded at $55.17 a barrel on the New York Mercantile Exchange, down 31 cents, at 12:06 p.m. in Singapore. The contract decreased $1.78 to $55.48 on Monday, the lowest level since Feb. 14.

Brent for April settlement slid 15 cents to $64.61 a barrel on the London-based ICE Futures Europe exchange. The contract dropped $2.36 to $64.76 on Monday. The global benchmark crude traded at a $9.46 premium over WTI.

Source : Bloomberg

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POPULAR NEWS
Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve™s...

Gold Prices Drops from Two-Week Highs to Stay Below $1,650 Level

Gold prices dropped on Friday in Asia as equities rebounded. Gold Futures for April delivery on the Comex exchange slid 0.7% to $1,640.05 by 12:55 AM ET (04:55 GMT). Despite the losses today, gold prices still traded sharply higher this week, gaining over 8% and heading for its biggest weekly gain in over a decade as the total number of coronavirus cases across the world continued to rise. The U.S. has now overtaken China for the most confirmed cases worldwide, as infections in New York...

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....

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...

Oil Rises as Broader Markets Gain on Hopes For More Stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. After tumbling for the past four weeks, Brent crude was up 50 cents, or nearly 2%, at $26.84 a barrel by 0116 GMT, and on track to end the week steady or only slightly lower. U.S. crude was up 60 cents, or 2.7%, at $23.20, and is heading for a weekly gain of about 3%. Both contracts are down...

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