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POPULAR NEWS
Gold ends lower as Trump tweet raises optimism that trade deal with China near

Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold  fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...

Gold Extends Decline After Trade Breakthrough, U.K. Election

Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday. Traders pulled $275 million from the VanEck Vectors Junior Gold Miners...

Oil rises on US-China trade deal optimism

Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a barrel. Oil prices received a fresh boost after Trump™s tweet saying the United States was very close to a big deal with China amid reports that the country was considering a delay or possible...

Hong Kong Stocks End Sharply Higher (Review)

Hong Kong stocks surged more than one percent Thursday after the Federal Reserve indicated it would leave interest rate unchanged next year, while investors are keeping tabs on the China-US trade talks. The Hang Seng index climbed 1.31 percent, or 348.71 points, to 26,994.14. But the benchmark Shanghai Composite Index fell 0.30 percent, or 8.72 points, to 2,915.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.19 percent, or 3.17 points, to...

Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies

The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.™s Conservative Party wins a crushing majority in Thursday™s election. USD/JPY up 0.3% to 109.63 GBP/USD rallies by 2.7% to 1.3514, strongest since May 2018 before paring the advance; flows are nearly 10 times the average for the past month, as they now come two-way with a slight preference to fade dips, according to two traders in...

Oil Holds Two Days of Losses as Demand Outlook Deteriorates
Wednesday, 16 October 2019 09:17 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal.

Futures in New York edged higher after dropping 3.5% over the previous two sessions. Beijing wants a rollback in tariffs before it agrees to buy as much as $50 billion of U.S. agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said. China also threatened to retaliate if the U.S. Congress passes a law on Hong Kong.

West Texas Intermediate for November delivery rose 13 cents, or 0.3%, to $52.94 a barrel on the New York Mercantile Exchange as of 10:04 a.m. in Singapore. It fell 1.5% on Tuesday.

Brent crude for December settlement climbed 0.2% to $58.85 a barrel on the London-based ICE Futures Europe Exchange after falling 1% on Tuesday. The global benchmark traded at a $5.85 premium to WTI for the same month.

Source : Bloomberg

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POPULAR NEWS
Gold ends lower as Trump tweet raises optimism that trade deal with China near

Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold  fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...

Gold Extends Decline After Trade Breakthrough, U.K. Election

Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday. Traders pulled $275 million from the VanEck Vectors Junior Gold Miners...

Oil rises on US-China trade deal optimism

Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a barrel. Oil prices received a fresh boost after Trump™s tweet saying the United States was very close to a big deal with China amid reports that the country was considering a delay or possible...

Hong Kong Stocks End Sharply Higher (Review)

Hong Kong stocks surged more than one percent Thursday after the Federal Reserve indicated it would leave interest rate unchanged next year, while investors are keeping tabs on the China-US trade talks. The Hang Seng index climbed 1.31 percent, or 348.71 points, to 26,994.14. But the benchmark Shanghai Composite Index fell 0.30 percent, or 8.72 points, to 2,915.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.19 percent, or 3.17 points, to...

Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies

The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.™s Conservative Party wins a crushing majority in Thursday™s election. USD/JPY up 0.3% to 109.63 GBP/USD rallies by 2.7% to 1.3514, strongest since May 2018 before paring the advance; flows are nearly 10 times the average for the past month, as they now come two-way with a slight preference to fade dips, according to two traders in...

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