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POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Hong Kong Stocks Bounce After Sell-Off (Review)

Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China. The Hang Seng index climbed 1.27 percent, or 355.71 points, to close at 28,341.04. The benchmark Shanghai Composite Index rose 0.28 percent, or 8.61 points, to 3,060.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.72 percent, or 13.07...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

Oil Steadies After Big Plunge on High Inventories, Lower Demand Forecasts
Thursday, 13 June 2019 08:29 WIB | COMMODITY |MinyakWTIBrent

Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in U.S. crude stockpiles and worries about lower demand growth.

Brent crude futures were up 12 cents, or 0.2%, at $ 60.09 by 00:35 GMT. They fell 3.7% on Wednesday to settle at $59.97 a barrel, the international benchmark's lowest close since Jan. 28.

U.S. West Texas Intermediate crude futures were also 12 cents, or 0.2%, higher at $51.26. They ended 4.0% lower in the previous session at $51.14 a barrel, the lowest close since Jan. 14.

The U.S. Energy Information Administration (EIA) on Wednesday reported domestic crude stockpiles rose unexpectedly for a second week in a row, climbing 2.2 million barrels last week after analysts had forecast a decrease of 481,000 barrels.

At 485.5 million barrels, U.S. commercial stocks were at their highest since July 2017 and about 8% above the five-year average for this time of year, it said.

Source : Reuters

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POPULAR NEWS
Gold finishes lower as worries over China virus ebb

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday. In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce,...

Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Hong Kong Stocks Bounce After Sell-Off (Review)

Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China. The Hang Seng index climbed 1.27 percent, or 355.71 points, to close at 28,341.04. The benchmark Shanghai Composite Index rose 0.28 percent, or 8.61 points, to 3,060.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.72 percent, or 13.07...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

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