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POPULAR NEWS
Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Prices Rose Amid Skepticism About U.S.-China Deal

Gold prices rose on Friday in Asia amid skepticism about the U.S.-China trade deal.The two countries signed the phase one trade deal on Wednesday, however, there are still doubts whether the U.S. and China can consistently develop the relations. Gold Futures for February delivery on New York™s COMEX was up 0.19% to $1,553.45by 09:41PM ET (02:41 GMT).¯ The phase one deal has been criticized for its loopholes. The deal says Beijing will increase purchases of the U.S. products and services...

Oil Steady Ahead of Data Seen Confirming Sluggish China Growth

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after gaining nearly 1% on Thursday. U.S. crude was up 6 cents at $58.58 a barrel, having risen more than 1% the previous session. The Phase 1 accord between the world™s top two economies helped boosted...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Sterling Steady as Hopes of Tory Election Win Overshadows Weak Data
Wednesday, 13 November 2019 16:53 WIB | CURRENCIES |PoundsterlingSterling,

The pound was slightly weaker against the U.S. dollar on Wednesday and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain.

Average weekly earnings rose at a weaker pace in the three months to September in the UK, but the pound continues to derive support from Monday™s news that the Brexit Party will not contest the seats the Conservative Party won in 2017 at the general election next month.

The move increased the chance that Boris Johnson will stay as prime minister and implement his deal to take Britain out of the European Union.

Optimism was further fuelled by a YouGov poll released on Tuesday showing Johnson™s Tories had a 14-point lead over the opposition Labour Party.

Sterling was last down marginally at $1.2834. Against the euro, the pound was flat at 85.72 pence.

Traders will be watching UK inflation data released at 09:30 GMT. Economists polled by Reuters expect the consumer price index to fall to 1.6% in October year-on-year from 1.7% in September.

Source : Reuters

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POPULAR NEWS
Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Prices Rose Amid Skepticism About U.S.-China Deal

Gold prices rose on Friday in Asia amid skepticism about the U.S.-China trade deal.The two countries signed the phase one trade deal on Wednesday, however, there are still doubts whether the U.S. and China can consistently develop the relations. Gold Futures for February delivery on New York™s COMEX was up 0.19% to $1,553.45by 09:41PM ET (02:41 GMT).¯ The phase one deal has been criticized for its loopholes. The deal says Beijing will increase purchases of the U.S. products and services...

Oil Steady Ahead of Data Seen Confirming Sluggish China Growth

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after gaining nearly 1% on Thursday. U.S. crude was up 6 cents at $58.58 a barrel, having risen more than 1% the previous session. The Phase 1 accord between the world™s top two economies helped boosted...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

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