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POPULAR NEWS
Gold Snaps 4-Day Rise as Markets Take Breather From Virus

Gold snapped a four-day rally on Tuesday as investors returned to give life to stocks and other risk assets crushed in the aftermath of the coronavirus crisis. But the yellow metal™s retreat was, nevertheless, modest as markets awaited the outcome of the Federal Reserve™s monthly policy meeting and what that could mean for U.S. rates. Gold futures for February delivery on New York™s COMEX settled down $7.60, or 0.5%, at $1,569.80 per ounce. It reached a three-week high of $1,588.10 on...

Gold showcases haven credentials as Equities sink on Virus Fears

Gold is once again showcasing its long-standing reputation as an effective haven in troubled times, trading near the highest close in more than six years amid rising concern over the economic and human impact of China's deadly coronavirus. Prices steadied after surging Monday as investors weighed the fallout from the spread of the disease, with Germany reportedly seeing its first case. The virus has killed at least 80, and infected more than 2,700. China's markets...

Dollar Advance Kept in Check by Yen Amid Safe-Haven Rush

The dollar remained on the back foot Monday, pressured by a surprise fall in new home sales data and a bid in the yen and Swiss franc as worries intensified over the spread of the deadly coronavirus. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.12% to 97.97. The Commerce Department said new home sales fell fell 0.4% to a seasonally adjusted annual rate of 694,000 units in December, confounding expectations for a 1.5%...

Gold Eases Ahead of Fed Meeting; Virus Fears Persist

Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat at $1,578.10. Bullion rose for the past four sessions as the spread of the coronavirus rattled financial markets and prompted authorities to impose travel restrictions and extend the...

Gold edges lower as traders assess China virus outbreak

Gold futures edged lower Tuesday, as investor worries over the spread of China™s coronavirus abated somewhat and prices consolidated a day after ending at a more-than-six-year high. Gold for February delivery on Comex fell $4, or 0.3%, to $1,573.40 an ounce, while March silver was off 30.6 cents, or 1.7%, at $17.75 an ounce. Gold on Monday saw the highest close for a most-active contract since April 9, 2013, according to Dow Jones Market Data. In other metals trading, April platinum fell...

Oil Rises Further Above $62 as Trade Hopes Support
Tuesday, 12 November 2019 19:10 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub.

Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks.

Brent crude, the global benchmark, was up 47 cents at $62.65 a barrel by 1115 GMT, after falling as low as $61.90. West Texas Intermediate (WTI) crude was up 36 cents at $57.22.

The U.S. president said on Saturday that talks with China were moving along œvery nicely but the United States would make a deal only if it was the right one. He said there had been incorrect reporting about U.S. willingness to lift tariffs.

Source : Reuters

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POPULAR NEWS
Gold Snaps 4-Day Rise as Markets Take Breather From Virus

Gold snapped a four-day rally on Tuesday as investors returned to give life to stocks and other risk assets crushed in the aftermath of the coronavirus crisis. But the yellow metal™s retreat was, nevertheless, modest as markets awaited the outcome of the Federal Reserve™s monthly policy meeting and what that could mean for U.S. rates. Gold futures for February delivery on New York™s COMEX settled down $7.60, or 0.5%, at $1,569.80 per ounce. It reached a three-week high of $1,588.10 on...

Gold showcases haven credentials as Equities sink on Virus Fears

Gold is once again showcasing its long-standing reputation as an effective haven in troubled times, trading near the highest close in more than six years amid rising concern over the economic and human impact of China's deadly coronavirus. Prices steadied after surging Monday as investors weighed the fallout from the spread of the disease, with Germany reportedly seeing its first case. The virus has killed at least 80, and infected more than 2,700. China's markets...

Dollar Advance Kept in Check by Yen Amid Safe-Haven Rush

The dollar remained on the back foot Monday, pressured by a surprise fall in new home sales data and a bid in the yen and Swiss franc as worries intensified over the spread of the deadly coronavirus. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.12% to 97.97. The Commerce Department said new home sales fell fell 0.4% to a seasonally adjusted annual rate of 694,000 units in December, confounding expectations for a 1.5%...

Gold Eases Ahead of Fed Meeting; Virus Fears Persist

Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat at $1,578.10. Bullion rose for the past four sessions as the spread of the coronavirus rattled financial markets and prompted authorities to impose travel restrictions and extend the...

Gold edges lower as traders assess China virus outbreak

Gold futures edged lower Tuesday, as investor worries over the spread of China™s coronavirus abated somewhat and prices consolidated a day after ending at a more-than-six-year high. Gold for February delivery on Comex fell $4, or 0.3%, to $1,573.40 an ounce, while March silver was off 30.6 cents, or 1.7%, at $17.75 an ounce. Gold on Monday saw the highest close for a most-active contract since April 9, 2013, according to Dow Jones Market Data. In other metals trading, April platinum fell...

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