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POPULAR NEWS
Gold futures marks highest settlement since March 2013

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concerns about the global economy. April gold rose $17.20, or 1.1%, to settle at $1,603.60 an ounce. That was the highest most-active contract settlement since March 27, 2013, FactSet data show. Source : MarketWatch

Gold Scales Two-Week High as Coronavirus Hits Business

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth. Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20. Gold is considered a hedge against risks from political and economic turmoil. Apple's warning that its sales would fall short...

Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold Rises on Mounting Business Impact From Virus Outbreak

Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc™s revenue warning underscored the financial fallout of the coronavirus epidemic in China. Spot gold was up 0.4% at $1,586.32 per ounce as of 0246 GMT. Earlier in the session, prices touched their highest since Feb. 3 at $1,586.90. U.S. gold futures inched up by 0.2% to $1,589.30. Apple is one of the largest Western firms to be hurt by the epidemic. It said manufacturing facilities in...

Oil settles unchanged, paring early losses

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Brent crude was up 8 cents at $57.75 per barrel. U.S. West Texas Intermediate crude futures settled unchanged at $52.05. Earlier in the session WTI fell to a session low of $51.15 per barrel. Though new cases of the coronavirus in mainland China have dipped, global experts said it was...

Oil futures snap back for second session after dipping into bear market this week
Friday, 7 June 2019 19:30 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures climbed sharply for a second straight session Friday, with bulls cheered by trade developments even as worrisome demand factors mix with news that domestic supplies hit a nearly two-year high, a combo that sent U.S. benchmark crude into bear territory this week.

Early Friday, West Texas Intermediate crude for July delivery rose 70 cents, or 1.3%, to $53.29 a barrel on the New York Mercantile Exchange, moving away from the five-month lows hit earlier this week. WTI is headed for a narrowly lower finish for the week.

WTI prices remained about 20% below the most recent high of $66.30 on April 23, according to Dow Jones Market Data. A bear market is traditionally marked by a drop of 20% or more from a recent high.

International benchmark August Brent was up $1.03, or 1.7%, at $62.70 a barrel on ICE Futures Europe. Before the late-week rebound, front-month contract prices logged their lowest finish since Jan. 28 at midweek, nearly dropping back below $60. Brent prices are trading about 17% below their settlement high seen in April. A finish below $59.656 would mark Brent™s entry into a bear market. Front-month futures are down about 6.8% for the week.

Source : MarketWatch

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POPULAR NEWS
Gold futures marks highest settlement since March 2013

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central bank stimulus as the spread of COVID-19 raised concerns about the global economy. April gold rose $17.20, or 1.1%, to settle at $1,603.60 an ounce. That was the highest most-active contract settlement since March 27, 2013, FactSet data show. Source : MarketWatch

Gold Scales Two-Week High as Coronavirus Hits Business

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth. Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20. Gold is considered a hedge against risks from political and economic turmoil. Apple's warning that its sales would fall short...

Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold Rises on Mounting Business Impact From Virus Outbreak

Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc™s revenue warning underscored the financial fallout of the coronavirus epidemic in China. Spot gold was up 0.4% at $1,586.32 per ounce as of 0246 GMT. Earlier in the session, prices touched their highest since Feb. 3 at $1,586.90. U.S. gold futures inched up by 0.2% to $1,589.30. Apple is one of the largest Western firms to be hurt by the epidemic. It said manufacturing facilities in...

Oil settles unchanged, paring early losses

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Brent crude was up 8 cents at $57.75 per barrel. U.S. West Texas Intermediate crude futures settled unchanged at $52.05. Earlier in the session WTI fell to a session low of $51.15 per barrel. Though new cases of the coronavirus in mainland China have dipped, global experts said it was...

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