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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...

Tokyo Shares Open Higher on Wall Street Gains, Higher Dollar

Tokyo shares opened higher on Friday after US markets finished at new record highs thanks to bright corporate earnings and a higher dollar that also encouraged investors. The Nikkei 225 index added 0.76 percent or 181.87 points to 24,115.00 in early trade, while the broader Topix index gained 0.49 percent or 8.45 points to 1,737.17. Source : AFP

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 Holds Near Lows on Trump Trade Barbs, Easing Iran Tensions
Wednesday, 17 July 2019 08:04 WIB | COMMODITY |MinyakWTIBrent

Oil held near its lows after President Donald Trump™s threat of new tariffs on China rekindled fears about global demand, while signs of a thawing in U.S.-Iran tensions eased concerns about the threat to shipping lanes in the Middle East.

Futures in New York were steady, after dropping 3.3% on Tuesday. Trump reiterated his warnings about additional tariffs at a cabinet meeting Tuesday, after promising to hold off on more duties in a trade-war truce he reached with China™s Xi Jinping last month. Meanwhile, U.S. Secretary of State Mike Pompeosaid Iran, which has been hit by American sanctions over its weapons program, had signaled an openness to talks. The Islamic Republic™s foreign minister made similar comments, offering the first hint of a diplomatic solution since Trump announced plans in May 2019 to squeeze Iranian oil exports.

The industry-funded American Petroleum Institute reported U.S. distillate stockpiles rose by 6.23 million barrels last week. That would be the largest build since January if Energy Information Administration data confirms it on Wednesday. The API also reported domestic crude stockpiles fell by 1.4 million barrels.

August West Texas Intermediate oil was down 5 cents to $57.57 a barrel on the New York Mercantile Exchange as at 9:06 a.m. Sydney time. August WTI ended Tuesday™s session down $1.96 at $57.62.

Brent futures for September settlement declined $2.13 to $64.35 on Tuesday on the ICE Futures Europe Exchange in London.

Source : Bloomberg

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Friday, 10 January 2020 13:54 WIB

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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...

Tokyo Shares Open Higher on Wall Street Gains, Higher Dollar

Tokyo shares opened higher on Friday after US markets finished at new record highs thanks to bright corporate earnings and a higher dollar that also encouraged investors. The Nikkei 225 index added 0.76 percent or 181.87 points to 24,115.00 in early trade, while the broader Topix index gained 0.49 percent or 8.45 points to 1,737.17. Source : AFP

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...

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