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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

Pentagon Defends Track Record in Afghanistan

The Pentagon is rejecting accusations that military leadership "incentivized lying" to portray a more optimistic picture of U.S. efforts in the nearly two-decade-long war in Afghanistan. "The idea that there was some ... effort to hide the truth or the reality on the ground just doesn't hold water," chief Pentagon spokesman Jonathan Hoffman told reporters Thursday. "This idea that there were somehow misstatements or lies, I don't think that really gels," he added. Hoffman's response took...

Oil Prices Suffer Their First Loss in 5 Sessions
Thursday, 15 August 2019 02:27 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil futures ended lower on Wednesday for the first time in five sessions, after a U.S. government report revealed that domestic crude inventories rose for a second week in row, and as the risks of an economic recession fed worries about energy demand.

Investors digested a round of downbeat economic data from China and Europe, which contributed to a sharp fall in U.S. Treasury yields, prompting the spread between the 2-year note  and the 10-year note to temporarily fall to a negative 1 basis point. An inversion of this measure has often preceded an economic downturn.

West Texas Intermediate crude for September delivery fell $1.87, or 3.3%, to settle at $55.23 a barrel on the New York Mercantile Exchange, while October Brent crude declined $1.82, or 3%, to $59.48 a barrel on ICE Futures Europe. Both crude benchmarks had posted gains in each of the last four trading sessions.

Source : Marketwatch

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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

Pentagon Defends Track Record in Afghanistan

The Pentagon is rejecting accusations that military leadership "incentivized lying" to portray a more optimistic picture of U.S. efforts in the nearly two-decade-long war in Afghanistan. "The idea that there was some ... effort to hide the truth or the reality on the ground just doesn't hold water," chief Pentagon spokesman Jonathan Hoffman told reporters Thursday. "This idea that there were somehow misstatements or lies, I don't think that really gels," he added. Hoffman's response took...

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