DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...

Gold eases on firmer dollar, coronavirus slowdown signs

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...

Gold ticks higher as coronavirus worries deepen, Fed minutes eyed

Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...

Gold inches up on weak dollar, pandemic peaking hopes cap gains

Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...

RBA Sees Risk of Property-Price Spike as House-Building Dwindles
Tuesday, 17 September 2019 09:03 WIB | FISCAL & MONETARY |RBA

Australia's central bank said there's potential for an upswing in home prices as dwelling construction weakens, while reiterating it's prepared to lower interest rates further.

In minutes of its Sept. 3 policy meeting released in Sydney Tuesday, the Reserve Bank also noted that "the upward trend in wages growth appeared to have stalled" and that forward-looking indicators suggested employment growth would moderate over the next six months. It kept the cash rate unchanged at 1% after back-to-back cuts in June and July.

Policy makers reaffirmed that they see an œextended period of low rates and will ease further œif needed to support sustainable economic growth and faster inflation. The RBA noted positive investment intentions for mining in the 12 months through June 2020, modestly lower plans for non-mining industries and a œparticularly weak outlook for construction.

œThere was likely to be further weakness in dwelling investment in the near term, the RBA said. œMembers recognized that this could sow the seeds of an upswing in the housing price cycle at some point, particularly given the lengthy stages in the construction of higher-density residential housing.

Since the two cuts and an easing of lending restrictions, property prices in Sydney and Melbourne have been resurgent. Policy makers are hoping this will generate a wealth effect that encourages consumers to resume spending, particularly as a government cash rebate is being transferred to households.

œHowever, the bank's liaison with retailers suggested that this had yet to lift spending noticeably, the minutes said. The bank noted that even if the cash œwas used to pay off debts, this would still bring forward the point at which households could increase their spending.

Australian household debt is at a record-high and this is being compounded by weak wages growth.

The minutes also showed members had a œdetailed discussion of the ways in which financial conditions abroad affect Australia. The board noted that Australia's floating exchange rate -- currently near its lowest in some years -- meant policy could be set according to domestic conditions.

At an international level, the RBA expects trade will remain weak for some time and noted that heightened geopolitical uncertainty -- the U.S.-China trade war, Brexit and Europe -- had contributed to lower growth and investment in many economies.

Australian firms didn't seem to have been affected by the weak trade environment as much as counterparts in other advanced economies, the minutes said, pointing out Australian companies are more geared to China's domestic demand and less integrated in global supply chains.

Still, the bank reiterated that œit was reasonable to expect that an extended period of low interest rates would be required, the minutes showed. œMembers would assess developments in both the international and domestic economies, including labor market conditions, and would ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time.

The RBA targets inflation of 2-3% and has struggled to reach that target for almost five years.

Source : Bloomberg

RELATED NEWS
Fed Staff's Worst-Case Scenario: No Major Recovery Until Next Year: Minutes...
Thursday, 9 April 2020 02:08 WIB

The worst-case scenario of the staff of the Federal Reserve for the economy is no recovery until next year, according to minutes of the central bank's March 15 policy meeting released Wednesday. The ...

RBA keeps Official Cash Rate steady at 0.25%, AUD/USD little changed...
Tuesday, 7 April 2020 11:49 WIB

At its scheduled April monetary policy meeting held Tuesday, the Reserve Bank of Australia (RBA) maintains its official cash rate (OCR) at a record low of 0.25%, as widely expected. The RBA, at its e...

Bank of England Keeps Rates at Nearly Zero and Says Could Expand Asset Purchases if Necessary...
Thursday, 26 March 2020 19:22 WIB

The Bank of England voted unanimously to keep interest rates at 0.1% and maintain its £200 billion program of buying UK government bond and sterling non-financial investment-grade corporate bond purc...

The Fed 'is working hard to support you now,' Powell says in rare morning-television interview...
Thursday, 26 March 2020 18:47 WIB

Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you now." The $2 trillion stimulus package passed ...

The Federal Reserve Just Pledged Asset Purchases With No Limit To Support Markets...
Monday, 23 March 2020 20:53 WIB

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis. Among the initiatives is a commitment to...

POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...

Gold eases on firmer dollar, coronavirus slowdown signs

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...

Gold ticks higher as coronavirus worries deepen, Fed minutes eyed

Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...

Gold inches up on weak dollar, pandemic peaking hopes cap gains

Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.