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POPULAR NEWS
Gold prices end lower for a second straight session

Gold futures ended lower Monday, extending their losses from the previous session after posting a third straight weekly advance, as the U.S. dollar strengthened against most of its currency rivals to start the week. December gold fell $4.10, or 0.3%, to settle at $1,224.60 an ounce after losing about 0.1% on Friday. Last week, however, prices tallied a gain of roughly 0.6%. In Monday dealings, the ICE U.S. Dollar Index added 0.3% to 95.99, trading about 0.9% higher month to date in the wake...

Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Gold Prices Head Lower For a Second Straight Session

Gold futures edged lower Monday, extending their losses from the previous session after posting a third straight weekly advance, as the U.S. dollar strengthened against most of its currency rivals to start the week. December gold fell $3.90, or 0.3%, to $1,224.80 an ounce after losing about 0.1% on Friday. Last week, however, prices tallied a gain of roughly 0.6%. In Monday dealings, the ICE U.S. Dollar Index added 0.3% to 95.98, trading about 0.9% higher month to date in the wake of...

MKS: Gold Support Around $1,210-$1,220 Should Restrict Declines

Spot gold remains above chart support that starts around $1,220 an ounce, says MKS (Switzerland) S.A. 'Trade concerns between the U.S. and China remain elevated and the ongoing U.S.-Saudi tensions are likely to continue to underpin a bid tone for bullion over the near term,' MKS says. 'Supportive price action around $1,210-$1,220 should restrict declines amid current global political uncertainty, while a test through $1,230-$1,235 will likely squeeze further shorts out of the market and see...

Dollar settles after biggest weekly rise in a month
Monday, 16 July 2018 16:08 WIB | CURRENCIES |Dolar Indeks Dolar

The dollar edged down on Monday, having notched up its biggest weekly gain in a month last week as investors raised their long bets to the highest level since early 2017, although concerns the economic rebound may be fading has prompted caution about the outlook.

Against a basket of its rivals, the greenback fell 0.2 percent to 94.60 after rising 0.7 percent last week, its biggest weekly rise since mid-June.

In early London trading on Monday, the euro edged 0.1 percent higher to $1.1698 after weakening half a percent last week.

The Australian dollar edged 0.2 percent higher at 0.7433 cents per dollar. Volumes were lower as Japanese markets were out on a holiday.

Source: Reuters

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POPULAR NEWS
Gold prices end lower for a second straight session

Gold futures ended lower Monday, extending their losses from the previous session after posting a third straight weekly advance, as the U.S. dollar strengthened against most of its currency rivals to start the week. December gold fell $4.10, or 0.3%, to settle at $1,224.60 an ounce after losing about 0.1% on Friday. Last week, however, prices tallied a gain of roughly 0.6%. In Monday dealings, the ICE U.S. Dollar Index added 0.3% to 95.99, trading about 0.9% higher month to date in the wake...

Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Gold Prices Head Lower For a Second Straight Session

Gold futures edged lower Monday, extending their losses from the previous session after posting a third straight weekly advance, as the U.S. dollar strengthened against most of its currency rivals to start the week. December gold fell $3.90, or 0.3%, to $1,224.80 an ounce after losing about 0.1% on Friday. Last week, however, prices tallied a gain of roughly 0.6%. In Monday dealings, the ICE U.S. Dollar Index added 0.3% to 95.98, trading about 0.9% higher month to date in the wake of...

MKS: Gold Support Around $1,210-$1,220 Should Restrict Declines

Spot gold remains above chart support that starts around $1,220 an ounce, says MKS (Switzerland) S.A. 'Trade concerns between the U.S. and China remain elevated and the ongoing U.S.-Saudi tensions are likely to continue to underpin a bid tone for bullion over the near term,' MKS says. 'Supportive price action around $1,210-$1,220 should restrict declines amid current global political uncertainty, while a test through $1,230-$1,235 will likely squeeze further shorts out of the market and see...

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