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POPULAR NEWS
Gold Retreats After 2-Session Climb as Palladium Futures Look to Settle Above Gold

Gold futures headed lower Tuesday, pulling back after a two-session climb as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, looked to extend their streak of gains to an 11th consecutive session, setting futures prices up to settle above that of gold for the first time in over 16 years. February gold shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296.60 on Monday, haven™t been able to settle...

Gold Rises as Brexit Turmoil Eclipses Jump in Equities

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal is heading for a fifth week of gains as the U.K. parliament is mired in turmoil surrounding the terms of leaving the European Union. Haven demand helped boost holdings in exchange-traded funds backed by bullion to a 13th straight gain and the highest since May. In the cash market, platinum, trading near a decade low, is near...

Gold Sees Little Reaction After Economic Data

Gold prices are seeing little reaction but remain under pressure as inflation pressures remain elusive in the U.S. economy. Gold prices were under modest selling pressure ahead of the report and remain relatively unchanged in initial reaction. The market continues to stubbornly hold just below $1,300 an ounce. February gold futures last traded at $1,289.80 an ounce, down 0.12% on the day. Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.2% in December following a...

Gold Prices Rise as Failed Brexit Vote Drags on Dollar

Gold prices inched up on Wednesday on expectations of a pause in U.S. interest rate hikes and as the dollar weakened against the pound after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union. Spot gold was up 0.1 percent at $1,290.56 per ounce at 0050 GMT. U.S. gold futures had risen 0.2 percent to $1,290.60 per ounce. Source : Reuters

Gold pauses as investors wave off geopolitical worries, snap up stocks

Gold futures struggled for direction Wednesday as investors waved off turmoil surrounding the U.K.'s plan to leave the European Union and continued to pile into equities, depriving the yellow metal of haven-related demand. Gold for February delivery was up $2, or 0.2%, at $1,290.40 an ounce, while March silver was off 4 cents, or 0.3%, to $15.58 an ounce. In other metals trading, April platinum rose 0.1% to $800.70 an ounce, while March palladium was up 1.2% to $1,292 an ounce. March copper...

May Says U.K. Could Extend Brexit Transition by a Few Months
Thursday, 18 October 2018 16:09 WIB | FISCAL & MONETARY |

U.K. Prime Minister Theresa May said she is weighing a plan that would extend a transition period, which is already due to keep the U.K. bound to EU rules for 21 months after Brexit day, for a œmatter of months.

œA further idea that has emerged is to create an option that extends the implementation period for a matter of months, May told reporters in Brussels on Thursday. œThis is not expected to be used because we are working to ensure that we have the future relationship in place by the end of 2020. I™m clear that I expect the implementation period to end at the end of 2020.

May signaled her willingness to give ground on transition during talks with fellow EU leaders at a summit in Brussels Wednesday. European Parliament President Antonio Tajani confirmed the issue was discussed between the 28 leaders.

The move, which would effectively prolong the terms of Britain™s EU membership, could come at a high political price in London, with the idea outraging Brexiteers in May™s Conservative Party.

Source : Bloomberg

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POPULAR NEWS
Gold Retreats After 2-Session Climb as Palladium Futures Look to Settle Above Gold

Gold futures headed lower Tuesday, pulling back after a two-session climb as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, looked to extend their streak of gains to an 11th consecutive session, setting futures prices up to settle above that of gold for the first time in over 16 years. February gold shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296.60 on Monday, haven™t been able to settle...

Gold Rises as Brexit Turmoil Eclipses Jump in Equities

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal is heading for a fifth week of gains as the U.K. parliament is mired in turmoil surrounding the terms of leaving the European Union. Haven demand helped boost holdings in exchange-traded funds backed by bullion to a 13th straight gain and the highest since May. In the cash market, platinum, trading near a decade low, is near...

Gold Sees Little Reaction After Economic Data

Gold prices are seeing little reaction but remain under pressure as inflation pressures remain elusive in the U.S. economy. Gold prices were under modest selling pressure ahead of the report and remain relatively unchanged in initial reaction. The market continues to stubbornly hold just below $1,300 an ounce. February gold futures last traded at $1,289.80 an ounce, down 0.12% on the day. Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.2% in December following a...

Gold Prices Rise as Failed Brexit Vote Drags on Dollar

Gold prices inched up on Wednesday on expectations of a pause in U.S. interest rate hikes and as the dollar weakened against the pound after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union. Spot gold was up 0.1 percent at $1,290.56 per ounce at 0050 GMT. U.S. gold futures had risen 0.2 percent to $1,290.60 per ounce. Source : Reuters

Gold pauses as investors wave off geopolitical worries, snap up stocks

Gold futures struggled for direction Wednesday as investors waved off turmoil surrounding the U.K.'s plan to leave the European Union and continued to pile into equities, depriving the yellow metal of haven-related demand. Gold for February delivery was up $2, or 0.2%, at $1,290.40 an ounce, while March silver was off 4 cents, or 0.3%, to $15.58 an ounce. In other metals trading, April platinum rose 0.1% to $800.70 an ounce, while March palladium was up 1.2% to $1,292 an ounce. March copper...

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