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POPULAR NEWS
Gold prices end higher for first time in 3 sessions

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday. February gold lost $3.20, or 0.2%, to settle at $1,468.10 an ounce. Source: marketwatch

Gold prices slip a bit ahead of Fed meeting this week

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets. February gold on Comex lost 20 cents, or 0.01%, to settle at $1,464.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 4.6 cents, or 0.3%, at $16.642 an ounce, following a weekly decline of 3%, according to FactSet data. Among other metals traded on Comex,...

Dollar Steadies as Investors Brace for Key Risk Events

The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or whether a deal with China can be reached before then. White House economic adviser Larry Kudlow said on Friday that the Dec. 15 deadline is still in place, but Bloomberg reported Agriculture...

Oil rises but US-China trade war weighs on demand outlook

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to $64.32 a barrel, and West Texas Intermediate oil settled up 22 cents at $59.24 a barrel. The benchmarks fell 0.2% and 0.3% respectively on Monday. Last week, the Organization of the Petroleum Exporting Countries and associated producers like Russia...

Gold Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck

Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. general election that could roil markets. February gold on Comex picked up $3.70, or 0.3%, to trade at $1,468.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 8 cents, or 0.5%, at $16.680 an ounce, following a weekly decline of 3%, according to FactSet data. On Monday...

FOMC Chairman Powell testimony: Baseline outlook for US economy remains favourable
Wednesday, 13 November 2019 23:14 WIB | FISCAL & MONETARY |Testimoni

In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook.

These remarks don't seem to be having a noticeable impact on the greenback's valuation with the US Dollar Index clinging to modest daily gains above the 98.30 mark. Below are some additional takeaways, per Reuters.

"If developments cause a material reassessment in the Fed's outlook, the central bank will respond accordingly."

"The Fed sees a sustained expansion of economic activity, strong labour market and inflation near symmetric 2% goal as most likely."

"Noteworthy risks to the US economic outlook remain."

"Sluggish economic growth abroad, trade developments pose ongoing risks."

"Persistent below-target inflation could lead to slide in longer-term inflation expectations."

"Level of vulnerabilities in the financial system at a moderate level."

"Investor appetite for risk elevated in some asset classes."

"Core of the financial sector appears resilient."

"Sustained expansion likely for the US economy."

Source : FXstreet

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POPULAR NEWS
Gold prices end higher for first time in 3 sessions

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday. February gold lost $3.20, or 0.2%, to settle at $1,468.10 an ounce. Source: marketwatch

Gold prices slip a bit ahead of Fed meeting this week

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets. February gold on Comex lost 20 cents, or 0.01%, to settle at $1,464.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 4.6 cents, or 0.3%, at $16.642 an ounce, following a weekly decline of 3%, according to FactSet data. Among other metals traded on Comex,...

Dollar Steadies as Investors Brace for Key Risk Events

The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or whether a deal with China can be reached before then. White House economic adviser Larry Kudlow said on Friday that the Dec. 15 deadline is still in place, but Bloomberg reported Agriculture...

Oil rises but US-China trade war weighs on demand outlook

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent crude was up 7 cents to $64.32 a barrel, and West Texas Intermediate oil settled up 22 cents at $59.24 a barrel. The benchmarks fell 0.2% and 0.3% respectively on Monday. Last week, the Organization of the Petroleum Exporting Countries and associated producers like Russia...

Gold Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck

Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. general election that could roil markets. February gold on Comex picked up $3.70, or 0.3%, to trade at $1,468.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 8 cents, or 0.5%, at $16.680 an ounce, following a weekly decline of 3%, according to FactSet data. On Monday...

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