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POPULAR NEWS
Gold Ends Higher after Settling Last Week at 2019 Low

Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge. A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing support for haven gold. Gold for June delivery rose $1.60, or 0.1%, to settle at $1,277.60 an ounce. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec....

Gold moves up from low of the year, tracking higher oil and weaker stocks

Gold prices pushed up from the four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge, and as stock futures pointed to a lower start for riskier assets. A firmer dollar was limiting the metal™s upside, however. Gold for June delivery rose $5.30, or 0.4%, at $1,281.30 an ounce early Monday. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet...

Gold Ticks Higher From Near 2019 Low as Week Opens

Gold rose from near the lowest this year as investors weighed risk sentiment amid the long Easter holiday weekend in many countries, with a slew of major companies set to deliver results in the coming days. Spot gold +0.2% to $1,277.46/oz at 8:16am in London. Metal dropped to $1,271.26 last week, lowest level since Dec.Bloomberg Dollar Spot Index steady. œSome caution has set in at the start of the week as investors await the releases, according to Jingyi Pan,...

Gold Near 2019 Low as ETF Holdings Drop Most in a Year

Gold traded near the lowest level this year as investors exited bullion-backed exchange-traded funds, with the haven asset losing some of its appeal amid easing concerns over a global economic slowdown. Prospects for a U.S.-China trade deal and gains in equities have also hurt demand. Hedge funds are taking note of the dip in prices. Money managers have flippedto bearish from bullish as short positions outnumbered long ones by 3,969, weekly CFTC data on futures and options...

Dollar edges up in thin post-holiday trade after positive U.S. data

The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week. The index remained within striking distance of its 2019 high of 97.71 brushed in early March. The euro was a tad lower at $1.1244, adding to last...

Euro Falls Towards Two-Month Low after EU Confronts Italy Over Budget
Friday, 19 October 2018 15:34 WIB | CURRENCIES | EuroEuro zone,

The euro fell towards a two-month low on Friday after the European Union criticized Italy's spending plans, raising fresh concern over conflict within the common currency zone.

Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the dollar this week.

In the first step of a procedure that could end with Brussels rejecting the budget and fining Italy, the Commission sent Rome a letter on Thursday calling a draft budget an œunprecedented breach of EU fiscal rules.

The single currency fell to an intra-day low of $1.1433 close to a two-month low of $1.1432 hit on October 9.

Italy is the third-largest economy of the 19-country euro zone, and a crisis there could unsettle the entire bloc.

Source : Reuters

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POPULAR NEWS
Gold Ends Higher after Settling Last Week at 2019 Low

Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge. A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing support for haven gold. Gold for June delivery rose $1.60, or 0.1%, to settle at $1,277.60 an ounce. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec....

Gold moves up from low of the year, tracking higher oil and weaker stocks

Gold prices pushed up from the four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge, and as stock futures pointed to a lower start for riskier assets. A firmer dollar was limiting the metal™s upside, however. Gold for June delivery rose $5.30, or 0.4%, at $1,281.30 an ounce early Monday. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet...

Gold Ticks Higher From Near 2019 Low as Week Opens

Gold rose from near the lowest this year as investors weighed risk sentiment amid the long Easter holiday weekend in many countries, with a slew of major companies set to deliver results in the coming days. Spot gold +0.2% to $1,277.46/oz at 8:16am in London. Metal dropped to $1,271.26 last week, lowest level since Dec.Bloomberg Dollar Spot Index steady. œSome caution has set in at the start of the week as investors await the releases, according to Jingyi Pan,...

Gold Near 2019 Low as ETF Holdings Drop Most in a Year

Gold traded near the lowest level this year as investors exited bullion-backed exchange-traded funds, with the haven asset losing some of its appeal amid easing concerns over a global economic slowdown. Prospects for a U.S.-China trade deal and gains in equities have also hurt demand. Hedge funds are taking note of the dip in prices. Money managers have flippedto bearish from bullish as short positions outnumbered long ones by 3,969, weekly CFTC data on futures and options...

Dollar edges up in thin post-holiday trade after positive U.S. data

The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week. The index remained within striking distance of its 2019 high of 97.71 brushed in early March. The euro was a tad lower at $1.1244, adding to last...

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