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POPULAR NEWS
Gold prices dip on upbeat appetite for riskier assets

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech. Spot gold slipped 0.1% to $1,453.70 per ounce, having touched its lowest since Aug. 5 earlier. U.S. gold futures settled down 0.2% at $1,453.70 per ounce. Among other precious metal, palladium gained 0.8% to $1,700.60 per ounce, having touched a one-month low in the previous...

Gold Slips as Hopes of US-China Trade Progress Lift Stocks

Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits. Spot gold slipped 0.1% to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session. U.S. gold futures dropped 0.1% to $1,455.60 per ounce. World markets edged higher on Tuesday as investors awaited a speech by U.S. President Donald Trump on trade policy, and amid news he will probably delay a decision...

Asia shares turn sluggish ahead of Trump speech

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation in Hong Kong. MSCI™s broadest index of Asia-Pacific shares outside Japan eased 0.05%, following a sharp 1.2% pullback on Monday. Japan's Nikkei dithered either side of flat, while South Korean stocks inched up 0.3%. E-Mini futures for the S&P 500 was off 0.1% in quiet trade. Source: reuters

Gold Rises From Three-Month Low on Trump Tariff Threat

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5 Bloomberg Dollar Spot Index steady after +0.2% Tuesday. Other precious metals: Spot silver +0.3% to $16.825/oz, Palladium -0.2% to $1,699.32/oz,...

Tokyo: Stocks open flat amid concerns over trade, Hong Kong

Tokyo stocks opened almost flat on Tuesday amid worries over a US-China trade deal and fresh unrest in Hong Kong. The benchmark Nikkei 225 index edged up 0.06 per cent or 15.04 points at 23,346.88 in early trade, while the broader Topix index was down 0.10 per cent or 1.71 points at 1,702.32. Source: AFP

Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB | FISCAL & MONETARY |Federal ReserveThe FedEkonomi AS

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war.

œMembers who voted for the policy action sought to better position the overall stance of policy to help counter the effects on the outlook of weak global growth and trade policy uncertainty, insure against any further downside risks from those sources, and promote a faster return of inflation to the 2% target, according to minutes of the July 30-31 Federal Open Market Committee meeting, released Wednesday in Washington.

The Fed cut rates for the first time since 2008, a move Chairman Jerome Powell called a œmid-cycle adjustment. The minutes described the quarter-point cut as part of an œongoing reassessment of the policy path that began in late 2018.

 œMembers generally agreed that it was important to maintain optionality in setting the future target range for the federal funds rate, the minutes said, indicating the committee didn™t view the cut as part of an extended cycle of reductions.

The Fed went out of its way to highlight the reasons for the cut in three bullet points, citing signs of economic deceleration, risk management concerns and too low inflation. The minutes said participants noted that œtrade uncertainty would remain a persistent headwind for the outlook.

FOMC participants said they still viewed a sustained U.S. economic expansion, strong labor markets and inflation near the target œas the most likely outcomes.

The minutes began with a lengthy discussion of the Fed™s policy strategy review, which indicated that officials aren™t ruling out any options, including an expansion of their policy toolkit.

Since the last meeting, the dollar has strengthened as the global economic outlook dimmed, raising the prospect for rate cuts abroad. Yields on U.S. 10-year Treasury notes have plunged toward record lows. Investors expect as many as three more quarter-point rate cuts this year to offset increasing downside risks, including a move next month.

Source : Bloomberg

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POPULAR NEWS
Gold prices dip on upbeat appetite for riskier assets

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech. Spot gold slipped 0.1% to $1,453.70 per ounce, having touched its lowest since Aug. 5 earlier. U.S. gold futures settled down 0.2% at $1,453.70 per ounce. Among other precious metal, palladium gained 0.8% to $1,700.60 per ounce, having touched a one-month low in the previous...

Gold Slips as Hopes of US-China Trade Progress Lift Stocks

Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits. Spot gold slipped 0.1% to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session. U.S. gold futures dropped 0.1% to $1,455.60 per ounce. World markets edged higher on Tuesday as investors awaited a speech by U.S. President Donald Trump on trade policy, and amid news he will probably delay a decision...

Asia shares turn sluggish ahead of Trump speech

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation in Hong Kong. MSCI™s broadest index of Asia-Pacific shares outside Japan eased 0.05%, following a sharp 1.2% pullback on Monday. Japan's Nikkei dithered either side of flat, while South Korean stocks inched up 0.3%. E-Mini futures for the S&P 500 was off 0.1% in quiet trade. Source: reuters

Gold Rises From Three-Month Low on Trump Tariff Threat

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5 Bloomberg Dollar Spot Index steady after +0.2% Tuesday. Other precious metals: Spot silver +0.3% to $16.825/oz, Palladium -0.2% to $1,699.32/oz,...

Tokyo: Stocks open flat amid concerns over trade, Hong Kong

Tokyo stocks opened almost flat on Tuesday amid worries over a US-China trade deal and fresh unrest in Hong Kong. The benchmark Nikkei 225 index edged up 0.06 per cent or 15.04 points at 23,346.88 in early trade, while the broader Topix index was down 0.10 per cent or 1.71 points at 1,702.32. Source: AFP

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