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POPULAR NEWS
Gold poised to snap 4-day rally as metal hits a wall at around $1,370

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018. Some commodity strategists say the precious...

USD/JPY: Tokyo open welcomes risk-on amid quiet trading

The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday. Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday. India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday. U.S. stores and factories reported a pickup in activity...

Tokyo's Nikkei edges up with eyes on trade, central banks

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investor eyes on the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74. Source : AFP

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. U.S. stores and factories reported a pickup in activity last month, according to government figures released Friday. Still, earlier numbers for payrolls and inflation were less robust, which means that investors will be closely watching the Fed™s policy decision Wednesday for signals on...

US crude slips 49 cents, settling at $63.40, as Russia floats output hikes
Tuesday, 16 April 2019 02:27 WIB | ENERGY |Minyak jenis BrentMinyak WTI BerjangkaMinyak Mentah

Oil prices fell on Monday after Russia's finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs.

Losses were limited by a tightening of global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers. Renewed fighting also threatened to wipe out crude production in Libya.

U.S. West Texas Intermediate crude futures settled 49 cents lower on Monday at $63.33 per barrel, dropping nearly 1%. WTI touched a five-month high at $64.79 last week.

Brent crude oil futures fell 37 cents to $71.18 a barrel, having hit their highest since Nov. 12 on Friday at $71.87.

Source : Reuters

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POPULAR NEWS
Gold poised to snap 4-day rally as metal hits a wall at around $1,370

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018. Some commodity strategists say the precious...

USD/JPY: Tokyo open welcomes risk-on amid quiet trading

The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday. Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday. India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday. U.S. stores and factories reported a pickup in activity...

Tokyo's Nikkei edges up with eyes on trade, central banks

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investor eyes on the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74. Source : AFP

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. U.S. stores and factories reported a pickup in activity last month, according to government figures released Friday. Still, earlier numbers for payrolls and inflation were less robust, which means that investors will be closely watching the Fed™s policy decision Wednesday for signals on...

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