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POPULAR NEWS
Gold futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed weekly U.S. jobless claims remained well above one million. August gold fell $16.80, or 0.9%, to settle at $1,803.80 an ounce, a day after the most-active contract rose 0.6% to settle at $1,820.60, the highest since Sept. 14, 2011, according to FactSet data. Prices on Thursday touched a low of...

Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Hong Kong Stocks Close On Strong Note (Review)

Hong Kong stocks finished with more gains on Thursday, in line with advances across Asia following another record-breaking lead from Wall Street. The Hang Seng Index rose 0.31 percent, or 80.98 points, to 26,210.16. The benchmark Shanghai Composite Index climbed 1.39 percent, or 47.15 points, to 3,450.59 while the Shenzhen Composite Index on China's second exchange jumped 2.70 percent, or 59.33 points, to 2257.95. Source : AFP

Oil falls, with U.S. benchmark settling back under $40 as coronavirus concerns swirl

Oil futures fell on Thursday, with U.S. benchmark prices settling back below $40 a barrel, as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may threaten to unsettle demand for crude. August West Texas Intermediate crude fell by $1.28, or 3.1%, to settle at $39.62 a barrel on the New York Mercantile Exchange, after climbing 0.7% on Wednesday. Prices finished Thursday at the lowest since for a front-month contract June 30, according to...

Gold's Rally Stretches to 5th Week on Virus Resurgence

Gold held above $1,800 an ounce and headed for a fifth weekly advance as concerns about a resurgence in coronavirus cases bolstered demand for a haven. The U.S. outbreak shows no signs of abating, with new daily cases topping 60,000 for the first time and record deaths in Florida and California. Asian stocks followed their U.S. peers with modest declines in early Friday trading on concerns about the economic fallout of the pandemic. Spot gold little changed at $1,802.91/oz at...

Sterling Consolidates Gains after Change of Finance Minister
Friday, 14 February 2020 16:17 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling held to its recent jump on Friday as traders stuck with the view that the new British finance minister would unveil a more expansionary budget next month.

With growth weak in Britain, many economists and investors want to see the UK expand fiscal spending to help weather the impact of Britain's departure from the European Union at the end of last month.

On Thursday, Prime Minister Boris Johnson forced the resignation of finance minister Sajid Javid after the latter refused to sack his advisers.

The pound rose marginally on Friday to $1.3048, retaining most of its gains from Thursday's move. It had traded below $1.30 before news broke of Sunak's appointment. Against the euro the pound rose 0.1% to 82.995, close to a two-month high.

Source : Reuters

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POPULAR NEWS
Gold futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed weekly U.S. jobless claims remained well above one million. August gold fell $16.80, or 0.9%, to settle at $1,803.80 an ounce, a day after the most-active contract rose 0.6% to settle at $1,820.60, the highest since Sept. 14, 2011, according to FactSet data. Prices on Thursday touched a low of...

Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Hong Kong Stocks Close On Strong Note (Review)

Hong Kong stocks finished with more gains on Thursday, in line with advances across Asia following another record-breaking lead from Wall Street. The Hang Seng Index rose 0.31 percent, or 80.98 points, to 26,210.16. The benchmark Shanghai Composite Index climbed 1.39 percent, or 47.15 points, to 3,450.59 while the Shenzhen Composite Index on China's second exchange jumped 2.70 percent, or 59.33 points, to 2257.95. Source : AFP

Oil falls, with U.S. benchmark settling back under $40 as coronavirus concerns swirl

Oil futures fell on Thursday, with U.S. benchmark prices settling back below $40 a barrel, as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may threaten to unsettle demand for crude. August West Texas Intermediate crude fell by $1.28, or 3.1%, to settle at $39.62 a barrel on the New York Mercantile Exchange, after climbing 0.7% on Wednesday. Prices finished Thursday at the lowest since for a front-month contract June 30, according to...

Gold's Rally Stretches to 5th Week on Virus Resurgence

Gold held above $1,800 an ounce and headed for a fifth weekly advance as concerns about a resurgence in coronavirus cases bolstered demand for a haven. The U.S. outbreak shows no signs of abating, with new daily cases topping 60,000 for the first time and record deaths in Florida and California. Asian stocks followed their U.S. peers with modest declines in early Friday trading on concerns about the economic fallout of the pandemic. Spot gold little changed at $1,802.91/oz at...

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