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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...

Crude Advances as U.S., China Close in on Healing Trading Rift
Tuesday, 5 March 2019 03:48 WIB | ENERGY |Minyak WTIMinyak WTI BerjangkaMinyak BrentOpec

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world's largest economies.

Futures in New York rose 1.4 percent on Monday. American and Chinese negotiators are close to signing an accord that would lift tariffs and usher in new intellectual-property protections, according to people familiar with the talks. Meanwhile, OPEC crude exports fell by almost 700,000 barrels a day last month, tanker-tracking consultant Kpler said in a report.

Oil has rallied about 25 percent this year as the Organization of the Petroleum Exporting Countries and allies such as Russia restrained production. Adding to the momentum over the weekend, a pipeline closure threatened crude flows from Nigeria while American oil exploration was reported to have collapsed to the lowest level since May.

West Texas Intermediate for April delivery rose 79 cents to $56.59 a barrel at the close of trading on the New York Mercantile Exchange.

Brent for May settlement rose 60 cents to $65.67 on the London-based ICE Futures Europe exchange. The global benchmark crude's premium over WTI for the same month was at $8.70.

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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