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POPULAR NEWS
Gold Down 4th Straight Session as Traders Cast a Wary Eye on Economic Data Amid Coronavirus Spread

Gold futures on Wednesday started the month with a loss, stretching their decline to a fourth straight session, as traders cast a wary eye on the latest U.S. economic data amid the spread of the COVID-19 pandemic, which has helped to partly support gold buying or at least limited downside for the precious metal. Equity markets are "down on dire modeling predictions from U.S. officials Monday on the number of potential deaths in the nation from the coronavirus pandemic, said Jeff Wright,...

Gold Futures End Higher as Weekly Jobless Claims Climb to Record

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million. The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. That was the biggest one-day percentage gain since March 24, according to FactSet data. Source : Marketwatch

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal. Earlier Wednesday, a report on private-sector employment from Automatic Data Processing Inc. ADP, -0.82% helped give gold prices a modest push higher. The report found that 27,000 jobs were lost in the...

Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a strong dollar. U.S. gold futures gained 0.5% at $1,604.50. Gold is considered an attractive investment during times of political or economic uncertainty. It is highly sensitive to  interest...

Gold Prices Up Amid Fears of Unending Economic Turbulence

Gold prices in Asia were up on Thursday as investors prepare for continuous economic turbulence. Gold futures were up by 0.41% at $1,598 by 10:21 PM ET (3:21 AM GMT), recouping its losses from yesterday™s session. Gold prices' gains today came as Asian equities traded mostly in the red. Australia™s ASX 200 slid 2.2% in morning trade, while Japan™s Nikkei 225 lost more than 1%.  The yellow metal is regaining its reputation as a safe haven amidst the unending economic turbulence...

RBA Reviewed Case for Further Rate Cut, Worried About Borrowing
Tuesday, 18 February 2020 08:02 WIB | FISCAL & MONETARY |Bank Sentral Australia,RBA

Australia™s central bank reviewed the case for a further interest-rate cut, but decided against it in order to avoid encouraging additional borrowing as house prices climb, minutes of its Feb. 4 meeting in Sydney showed.

The Reserve Bank also expects the coronavirus outbreak to œsubtract from growth in exports over the first half of 2020, the minutes released Tuesday showed. It acknowledged it was œdifficult to assess potential indirect effects on activity from the epidemic and devastating wildfires over summer as data were yet to be published.

Yet while maintaining an easing bias and reiterating its expectation rates were likely to stay low for œan extended period, the bank retained a broadly upbeat view of the economy™s prospects. The RBA eased policy three times last year to a record-low 0.75% and kept rates unchanged two weeks ago.

œThe outlook for the Australian economy was for growth to improve, supported by a turnaround in mining investment and, further out, dwelling investment and consumption, the bank said. œIn the short-term, the effects of the bushfires were temporarily weighing on domestic growth, but the recovery was likely to reverse the negative effects on GDP.

While the RBA persisted in its longer-term view that consumption would eventually pick up following rate cuts, tax rebates and a lift in house prices, it noted few near-term positive signs.

œThe prolonged period of slow growth in income was expected to continue to weigh on consumption over coming quarters, the bank said. œFurthermore, recent data had suggested that households were directing more income to saving and reducing their debt.

The central bank forecasts little movement in wages growth and sees unemployment holding in its recent range. It noted that jobs growth in the final quarter of 2019 was all part-time and sees weaker hiring in the first half of this year based on leading indicators and slower near-term economic growth.

Source : Bloomberg

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The Fed 'is working hard to support you now,' Powell says in rare morning-television interview...
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Fed and Other Top Central Banks Take Steps to Enhance Dollar-Swap Lines...
Friday, 20 March 2020 21:28 WIB

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RBA Offers to Buy $2.9 billion in First Bond Purchase Operation...
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POPULAR NEWS
Gold Down 4th Straight Session as Traders Cast a Wary Eye on Economic Data Amid Coronavirus Spread

Gold futures on Wednesday started the month with a loss, stretching their decline to a fourth straight session, as traders cast a wary eye on the latest U.S. economic data amid the spread of the COVID-19 pandemic, which has helped to partly support gold buying or at least limited downside for the precious metal. Equity markets are "down on dire modeling predictions from U.S. officials Monday on the number of potential deaths in the nation from the coronavirus pandemic, said Jeff Wright,...

Gold Futures End Higher as Weekly Jobless Claims Climb to Record

Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million. The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. That was the biggest one-day percentage gain since March 24, according to FactSet data. Source : Marketwatch

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal. Earlier Wednesday, a report on private-sector employment from Automatic Data Processing Inc. ADP, -0.82% helped give gold prices a modest push higher. The report found that 27,000 jobs were lost in the...

Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a strong dollar. U.S. gold futures gained 0.5% at $1,604.50. Gold is considered an attractive investment during times of political or economic uncertainty. It is highly sensitive to  interest...

Gold Prices Up Amid Fears of Unending Economic Turbulence

Gold prices in Asia were up on Thursday as investors prepare for continuous economic turbulence. Gold futures were up by 0.41% at $1,598 by 10:21 PM ET (3:21 AM GMT), recouping its losses from yesterday™s session. Gold prices' gains today came as Asian equities traded mostly in the red. Australia™s ASX 200 slid 2.2% in morning trade, while Japan™s Nikkei 225 lost more than 1%.  The yellow metal is regaining its reputation as a safe haven amidst the unending economic turbulence...

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