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POPULAR NEWS
Gold Drops 2nd Day on Rising Stocks, Trade Comments

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...

Oil Holds Gains After Drone Attack Fails to Disrupt Saudi Output

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...

Gold prices dip as equities gain, dollar strengthens

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT. U.S. gold futures also fell 0.5% to $1,516.80 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other...

Tokyo Stocks Open Higher Following Wall St Climb

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP

Gold slips 1% as equities, US Treasury yields rise

Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1. Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve between two- and 10-year bonds inverted for the first time since 2007 on Wednesday. Equity markets around...

FOMC lowers federal funds rate by 25 basis points to 2% - 2.25% range as expected
Thursday, 1 August 2019 01:34 WIB | FISCAL & MONETARY |FOMC

Following its 2-day meeting, the Federal Open Market Committee announced that it lowered the benchmark interest rate by 25 basis points to the target range of 2% - 2.25% in a widely expected decision. Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is scheduled to deliver his comments on the monetary policy in a press conference at 18:30 GMT.

With the initial reaction, the US Dollar Index gained traction and rose to its highest level since May 23 at 98.32.

"In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent."

"As the Committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective."

"In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective."

Source : FXstreet

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ECB signals its ready to cut rates; opens door to renewed QE measures...
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POPULAR NEWS
Gold Drops 2nd Day on Rising Stocks, Trade Comments

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...

Oil Holds Gains After Drone Attack Fails to Disrupt Saudi Output

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...

Gold prices dip as equities gain, dollar strengthens

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT. U.S. gold futures also fell 0.5% to $1,516.80 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other...

Tokyo Stocks Open Higher Following Wall St Climb

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP

Gold slips 1% as equities, US Treasury yields rise

Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1. Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve between two- and 10-year bonds inverted for the first time since 2007 on Wednesday. Equity markets around...

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