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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand. Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT). An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%. U.S. President Donald Trump said...

Gold Rallies on Concern Saudi Attack May Presage Wider Conflict

Gold and other precious metals rallied after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory U.S. military action in the Middle East. Investors are seeking haven assets at the start of a week that will also see critical policy decisions from central banks including the Federal Reserve. Gold jumped as much as 1.6% as investors gauged the ramifications from the assault against the world™s top oil exporter, and palladium hit a fresh record. Secretary...

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Euro Drops on Weak German Orders; Aussie Slumps on RBA Comment
Wednesday, 6 February 2019 17:13 WIB | CURRENCIES | EuroDolar ASPoundsterling

The U.S. dollar rose to its highest in over a week against the euro in early trading in Europe Wednesday, after more soft data from Germany underlined the loss of momentum in the euro zone's traditional growth engine.

Incoming orders to German factories fell by 1.6% in December, their second straight monthly drop and the biggest monthly fall since June.

Economists had expected an increase of 0.3% on the month.

The news is likely to result in a weak start to the year for German industrial production, which tends to follow the orders data with a lag of one or two months.

At 03:00 AM ET (08:00 GMT), the euro was at $1.1383, having earlier hit a two-week low of 1.1380.

The British pound also slipped to a two-week low of $1.2926 after reports that Prime Minister Theresa May had accepted that the so-called œIrish backstop would have to be a part of any withdrawal agreement it signs with the European Union.

Source : Investing.com

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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand. Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT). An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%. U.S. President Donald Trump said...

Gold Rallies on Concern Saudi Attack May Presage Wider Conflict

Gold and other precious metals rallied after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory U.S. military action in the Middle East. Investors are seeking haven assets at the start of a week that will also see critical policy decisions from central banks including the Federal Reserve. Gold jumped as much as 1.6% as investors gauged the ramifications from the assault against the world™s top oil exporter, and palladium hit a fresh record. Secretary...

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

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