Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures for delivery in June fell 1.1% to settle at $1,324/oz at 1:30pm on Comex in New York, its third consecutive decline. It touched $1,323.80, lowest since Apr. 6. Bloomberg Dollar Spot Index climbs to highest since Jan. 18. œThe sell-off in gold is mainly due to the strength in the dollar index,Naeem Aslam, chief market analyst at...
Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven demand for the precious metal. June gold climbed by $9, or 0.7%, to settle at $1,333 an ounce. Source: Marketwatch
On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was North Korea's statement that it was prepared to suspend its nuclear program. This may prove to be a ploy to get...
The U.S. dollar on Tuesday weakened slightly against its major rivals, but remained near three-month highs, as the 10-year Treasury yield hit the psychologically important 3% level for the first time since 2014. Rising government bond yields have been a driver for the greenback over the last several sessions, though the correlation was nowhere to be found in Tuesday™s session. The ICE U.S. Dollar Index which gauges the buck against a basket of six currencies, was down 0.2% at 90.736. A...
Oil held losses near $68 a barrel after French PresidentEmmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program in a bid to keep the U.S. on board. Futures in New York were little changed Wednesday after dropping 1.4 percent on Tuesday. Macron said during a trip to Washington he wants a new Iran agreement that would curb the Mideast nation™s ballistic missile development and halt its nuclear program. U.S. President Donald Trump earlier...
Faster factory inflation and higher industrial profits in the past year have created space for an increase in overall interest rates, People™s Bank of China researcher Ji Min said, according to a report by China Daily.
Inflation and foreign exchange rates also have to be factored in before adjusting interest rates, the newspaper cited Ji, deputy head of the central bank™s research bureau, as saying.
China™s central bank will make modest increases in money-market rates in 2018 as it aims to keep up the pressure on deleveraging and prevent too much divergence with U.S. policy, according to a Bloomberg survey published earlier this month.
Economists don™t forecast any change to the benchmark rate, which sets borrowing costs economy-wide, through early 2020, according to a separate survey by Bloomberg. The central bank has kept the one-year lending rate unchanged since October 2015.
Source : Bloomberg
People Bank of China (PBOC) mengatakan akan memangkas rasio cadangan-syarat bagi beberapa bank untuk mengurangi biaya pendanaan mereka dan pada gilirannya membantu meringankan kondisi untuk bisnis dan...
Perekonomian Australia tahun ini diperkirakan tumbuh lebih cepat daripada batas kecepatannya - diperkirakan 2,75 persen oleh Treasury - dengan inflasi tepat di atas bagian bawah targetnya, bank sentra...
Pejabat Bank Sentral Eropa memperingatkan pada pertemuan kebijakan Maret mereka bahwa perang perdagangan dan penguatan euro berisiko merusak pemulihan ekonomi zona euro, memperlihatkan kewaspadaan ECB...
Risalah pertemuan Komite Pasar Terbuka Federal 20-21 Maret yang dirilis Rabu menunjukkan "semua" peserta melihat adanya kemungkinan beberapa kenaikan suku bunga lainnya. Alih-alih membahas apakah aka...
Bank of England pada Kamis ini mempertahankan suku bunga utamanya sebesar 0,5%, memenuhi harapan yang dipegang secara luas. Komite Kebijakan Moneter memilih 7-2 untuk tidak membuat perubahan dalam ke...
Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures for delivery in June fell 1.1% to settle at $1,324/oz at 1:30pm on Comex in New York, its third consecutive decline. It touched $1,323.80, lowest since Apr. 6. Bloomberg Dollar Spot Index climbs to highest since Jan. 18. œThe sell-off in gold is mainly due to the strength in the dollar index,Naeem Aslam, chief market analyst at...
Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven demand for the precious metal. June gold climbed by $9, or 0.7%, to settle at $1,333 an ounce. Source: Marketwatch
On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was North Korea's statement that it was prepared to suspend its nuclear program. This may prove to be a ploy to get...
The U.S. dollar on Tuesday weakened slightly against its major rivals, but remained near three-month highs, as the 10-year Treasury yield hit the psychologically important 3% level for the first time since 2014. Rising government bond yields have been a driver for the greenback over the last several sessions, though the correlation was nowhere to be found in Tuesday™s session. The ICE U.S. Dollar Index which gauges the buck against a basket of six currencies, was down 0.2% at 90.736. A...
Oil held losses near $68 a barrel after French PresidentEmmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program in a bid to keep the U.S. on board. Futures in New York were little changed Wednesday after dropping 1.4 percent on Tuesday. Macron said during a trip to Washington he wants a new Iran agreement that would curb the Mideast nation™s ballistic missile development and halt its nuclear program. U.S. President Donald Trump earlier...