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POPULAR NEWS
Gold Hits 3-Week High, on Course to Reclaiming $1,600 Perch

The fear factor across markets is like manna from heaven for gold bugs. Both bullion and futures of the yellow metal breached the key $1,580 per ounce resistance on Monday before consolidating gains, although analysts said the $1,600 target seemed well within the market™s reach. Gold futures for February delivery on New York™s COMEX settled up $5.50, or 0.4%, at $1,577.40 per ounce. It earlier reached $1,588.10, a peak since Jan. 8. Spot gold, which tracks live trades in bullion, was up...

Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Gold eyes $1,600 as Fed meeting, new virus threat in focus this week

Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest...

Oil Prices Log Lowest Finish in Over 3 Months as Coronavirus Stokes Fears of Weak Demand

Oil prices fell for a fifth session in a row on Monday, settling at their lowest in more than three months, as the growing death toll and spread of China's deadly influenza over the weekend incited fresh fears that the illness could hurt global energy demand. West Texas Intermediate crude for March delivery declined by $1.05, or 1.9%, to settle at $53.14 a barrel on the New York Mercantile Exchange. Prices for the front-month contract, which fell 7.5% last week, settled Monday at their lowest...

U.S. Oil Dips Lower on Latest Sign of Rising Supply, Splits With Brent
Wednesday, 6 March 2019 20:06 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Major oil benchmarks took to split paths for a second straight session Wednesday, with U.S.-focused WTI easing on a fresh sign of rising U.S. inventories.

West Texas Intermediate crude for April delivery fell 39 cents, or 0.7%, to $56.17 a barrel on the New York Mercantile Exchange, while May Brent tacked on 2 cents, or less than 0.1%, to $65.88 a barrel ICE Futures Europe.

The ICE U.S. Dollar index moved higher, weighing on commodities, including oil, that are priced in the unit. U.S. stocks headed for a sluggish start, failing to get fresh traction as a wait-and-see mood over U.S.-China trade finalization takes hold and with little reaction so far to China™s economic stimulus measures.

U.S. oil prices ended slightly lower on Tuesday after China cut its economic growth target for this year to between 6% and 6.5% and on news that Libya planned to boost crude production following the reopening of its largest oil field. Prices for global benchmark Brent crude, however, managed to finish modestly higher Tuesday, getting a lift from ongoing cuts among members of the Organization of the Petroleum Exporting Countries and their allies.

Source : Marketwatch

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POPULAR NEWS
Gold Hits 3-Week High, on Course to Reclaiming $1,600 Perch

The fear factor across markets is like manna from heaven for gold bugs. Both bullion and futures of the yellow metal breached the key $1,580 per ounce resistance on Monday before consolidating gains, although analysts said the $1,600 target seemed well within the market™s reach. Gold futures for February delivery on New York™s COMEX settled up $5.50, or 0.4%, at $1,577.40 per ounce. It earlier reached $1,588.10, a peak since Jan. 8. Spot gold, which tracks live trades in bullion, was up...

Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Gold eyes $1,600 as Fed meeting, new virus threat in focus this week

Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest...

Oil Prices Log Lowest Finish in Over 3 Months as Coronavirus Stokes Fears of Weak Demand

Oil prices fell for a fifth session in a row on Monday, settling at their lowest in more than three months, as the growing death toll and spread of China's deadly influenza over the weekend incited fresh fears that the illness could hurt global energy demand. West Texas Intermediate crude for March delivery declined by $1.05, or 1.9%, to settle at $53.14 a barrel on the New York Mercantile Exchange. Prices for the front-month contract, which fell 7.5% last week, settled Monday at their lowest...

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