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POPULAR NEWS
Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for the key monthly U.S. jobs data due later Friday. President Donald Trump said that talks were œmoving along well, although a news report said that Washington and Beijing remained at odds over agricultural purchases. Investors will likely focus on any trade-related headlines in the lead up to Dec. 15, which is when the U.S. has pledged to impose...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data due later Friday. China said Friday it's in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies, a procedural step that may also signal a broader trade agreement with the U.S. is drawing closer. President Donald Trump said that talks were œmoving along well. Investors are...

Tokyo Stocks Edge Up On Hopes For US-China Trade Deal

Tokyo stocks inched up Friday on continued hopes for a US-China trade deal, with investors cautious thanks to outstanding uncertainties, including Britain's general election next week. The benchmark Nikkei 225 index rose 0.23 per cent, or 54.31 points, to close at 23,354.40, while the broader Topix index was up 0.11 per cent, or 1.95 points, at 1,713.36. Source : AFP

Oil gains 1.7%, shrugging off rising supply concerns
Saturday, 16 November 2019 03:09 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices.

Benchmark Brent crude gained $1.03, or 1.7%, to settle at $63.31 a barrel, while West Texas Intermediate crude rose 95 cents, or 1.7%, to settle at $57.72 a barrel. Brent and WTI both posted their second straight weekly gain.

U.S. Commerce Secretary Wilbur Ross said in an interview on Fox Business Network on Friday that there was a very high probability the United States would reach a final agreement on a phase one trade deal with China.

Source : Reuters

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POPULAR NEWS
Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for the key monthly U.S. jobs data due later Friday. President Donald Trump said that talks were œmoving along well, although a news report said that Washington and Beijing remained at odds over agricultural purchases. Investors will likely focus on any trade-related headlines in the lead up to Dec. 15, which is when the U.S. has pledged to impose...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Heads for 2nd Weekly Gain as Trade, Jobs in Focus

Gold headed for a second weekly advance as developments in the trade war took center stage and as traders waited for key monthly U.S. jobs data due later Friday. China said Friday it's in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies, a procedural step that may also signal a broader trade agreement with the U.S. is drawing closer. President Donald Trump said that talks were œmoving along well. Investors are...

Tokyo Stocks Edge Up On Hopes For US-China Trade Deal

Tokyo stocks inched up Friday on continued hopes for a US-China trade deal, with investors cautious thanks to outstanding uncertainties, including Britain's general election next week. The benchmark Nikkei 225 index rose 0.23 per cent, or 54.31 points, to close at 23,354.40, while the broader Topix index was up 0.11 per cent, or 1.95 points, at 1,713.36. Source : AFP

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