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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

Dollar slips versus yen as trade tensions cloud outlook
Wednesday, 4 April 2018 09:02 WIB | CURRENCIES |DOLLARDolar AS

The dollar eased against the yen on Wednesday, with the outlook clouded by worries that escalating U.S.-China trade tensions could exert a toll on the global economy and U.S. growth.

The dollar fell 0.1 percent to 106.50 yen, giving back some of the gains made on Tuesday, when it rose 0.6 percent against the Japanese currency.

The greenback gained on the yen the day before as risk appetite improved and Wall Street™s main indexes advanced, helping the U.S. currency stabilise after recent declines.

Considered a safe haven currency, the yen attracts demand in times of economic uncertainty. On the flip side, it often weakens when investors™ appetite for riskier assets improves.

The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing™s intellectual property practices.

China™s commerce ministry said on Wednesday it œstrongly condemns and firmly opposes the proposed U.S. tariffs following the Section 301 probe and will take counter measures.

Against a basket of six major currencies, the dollar last traded at 90.133, having edged back from Tuesday™s near two-week high of 90.275.

The euro edged up 0.1 percent to $1.2274, regaining some footing after slipping 0.3 percent on Tuesday.

Source: Reuters

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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

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