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POPULAR NEWS
Gold pares gains on stronger dollar, posts a modest weekly decline

Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal's appeal to investors. Prices still logged their highest settlement since last Friday. For the week, they fell by 0.1%, with the haven metal failing to get a significant boost on the back of tensions in the Middle East and Hong Kong. "The fact that gold has managed to trade over $1,340 is a positive sign for next week," said Chintan Karnani, chief market analyst at Insignia...

Gold hits 14-month high on growth woes, Middle East tensions

Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level. Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session. Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an...

US Blames Iran for Attacks on 2 Oil Tankers in Gulf of Oman

U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast. One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space. Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation. The secretary noted that Iran was behind other...

Oil Prices Set for Weekly Decline as Weak Demand Forecasts Dominate Tanker Attacks

Oil prices struggled for direction on Friday, but headed for a weekly decline as fresh signs of expectations for weak demand and a forecast for strong supply growth next year more than offset the tension caused by suspected attacks on tankers off the coast of Iran. New York-traded West Texas Intermediate crude futures fell 19 cents, or 0.4%, to $52.09 a barrel by 8:15 AM ET (12:15 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S. edged forward 7 cents, or 0.1%, to...

Wall Street opens lower as Broadcom warning hits tech stocks

U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump's trade war crystallized in slashed sales forecast from chipmaker Broadcom. The Dow Jones Industrial Average fell 30.41 points, or 0.12%, at the open to 26,076.36. The S&P 500 opened lower by 4.82 points, or 0.17%, at 2,886.82. The Nasdaq Composite dropped 29.94 points, or 0.38%, to 7,807.19 at the opening bell. Source : Reuters

U.S. oil slips on demand worries; but global crude buoyed by Mideast tensions
Wednesday, 22 May 2019 02:33 WIB | ENERGY |MinyakMinyak WTIMinyak MentahMinyak Brent

U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark.

West Texas Intermediate crude for June delivery lost 11 cents, or 0.2%, to settle at $62.99 a barrel on the New York Mercantile Exchange. WTI settled at $63.10 Monday, the highest finish for a front-month contract since May 1, according to Dow Jones Market Data. The June contract expired at the day™s settlement. The new front-month July WTI oil contract fell 8 cents, or 0.1%, to $63.13.

Global benchmark July Brent meanwhile, added 21 cents, or 0.3%, to $72.18 a barrel on ICE Futures Europe following two consecutive declines.

Source : MarketWatch

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POPULAR NEWS
Gold pares gains on stronger dollar, posts a modest weekly decline

Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal's appeal to investors. Prices still logged their highest settlement since last Friday. For the week, they fell by 0.1%, with the haven metal failing to get a significant boost on the back of tensions in the Middle East and Hong Kong. "The fact that gold has managed to trade over $1,340 is a positive sign for next week," said Chintan Karnani, chief market analyst at Insignia...

Gold hits 14-month high on growth woes, Middle East tensions

Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level. Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session. Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an...

US Blames Iran for Attacks on 2 Oil Tankers in Gulf of Oman

U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast. One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space. Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation. The secretary noted that Iran was behind other...

Oil Prices Set for Weekly Decline as Weak Demand Forecasts Dominate Tanker Attacks

Oil prices struggled for direction on Friday, but headed for a weekly decline as fresh signs of expectations for weak demand and a forecast for strong supply growth next year more than offset the tension caused by suspected attacks on tankers off the coast of Iran. New York-traded West Texas Intermediate crude futures fell 19 cents, or 0.4%, to $52.09 a barrel by 8:15 AM ET (12:15 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S. edged forward 7 cents, or 0.1%, to...

Wall Street opens lower as Broadcom warning hits tech stocks

U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump's trade war crystallized in slashed sales forecast from chipmaker Broadcom. The Dow Jones Industrial Average fell 30.41 points, or 0.12%, at the open to 26,076.36. The S&P 500 opened lower by 4.82 points, or 0.17%, at 2,886.82. The Nasdaq Composite dropped 29.94 points, or 0.38%, to 7,807.19 at the opening bell. Source : Reuters

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