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POPULAR NEWS
Gold Prices Up on Rate Cut Expectations

Gold prices gained on Friday in Asia on rate cut expectations, but gains were capped by a rebound in U.S. stocks. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.4% at $1,348.95 per ounce by 01:15 AM ET (05:15 GMT). The U.S. Federal Reserve is expected to keep rates unchanged at its meeting on June 19, but markets believe the likelihood of a rate cut before the end of the year has increased due to slowing inflation and rising...

Gold Heads for Fourth Weekly Advance on Haven Demand

Gold is poised for a fourth weekly gain as rising geopolitical tensions add to concerns that trade frictions may jeopardize global growth, boosting demand for a haven. The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. Separately, economic adviser Larry Kudlow warned Beijing may face consequences it if refuses an invitation from the U.S. to restart trade talks. Investors are also awaiting next...

Gold Busts Above $1,350 as Iran Tension, Fed Outlook Spur Demand

Gold smashed above $1,350 an ounce to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week's Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1,358.26 an ounce. Prices are set for a fourth weekly gain, the longest run since January. Investors are also pouring into gold-backed exchange-traded funds, with holdings rising to the highest since late...

US Blames Iran for Attacks on 2 Oil Tankers in Gulf of Oman

U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast. One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space. Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation. The secretary noted that Iran was behind other...

Gold hits 14-month high on growth woes, Middle East tensions

Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level. Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session. Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an...

ECB's Draghi Warns That Uncertainty is Weighing on Sentiment
Monday, 28 January 2019 22:10 WIB | FISCAL |

The euro zone economy has performed worse than expected in recent months and global uncertainty is weighing on economic sentiment, European Central Bank President Mario Draghi said on Monday, repeating the bank's recent warnings about growth.

The ECB left policy on hold last week but warned that the bloc's growth dip may be bigger and longer than earlier feared, pointing to even more protracted policy normalization and suggesting that the bank™s next step could be to provide more support, not less.

œOver the past few months, incoming information has continued to be weaker than expected on account of softer external demand and some country and sector-specific factors, Draghi told the European Parliament™s committee on economic affairs in Brussels.

œThe persistence of uncertainties in particular relating to geopolitical factors and the threat of protectionism is weighing on economic sentiment, Draghi added.

The ECB has long guided for steady interest rates ˜through™ the summer but markets have already scaled back their expectations, pricing in a move only in mid-2020, well after Draghi leaves office in October.

The problem is that the euro zone™s three biggest economies ” Germany, France and Italy ” are barely growing. Even if this is down mostly to one off factors, the resulting drop in business confidence threatens to make the downturn self fulfilling.

œSignificant monetary policy stimulus remains essential to support the further build-up of domestic price pressures and headline inflation developments over the medium term, Draghi added. œThe Governing Council stands ready to adjust all of its instruments, as appropriate

To prop up confidence, it could offer banks another round of cheap, long-term loans to make sure they continue to lend to the real economy.

The next move could be to formally push out the date of its first rate hike, a more tricky move as it could tie the hand of the new president, who is likely to named only after European elections in late May.

Source : Reuters

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Gubernur Bank of England Mark Carney mengatakan pada hari Senin bahwa kemungkinan Inggris meninggalkan Uni Eropa bulan depan tanpa mendapatkan kesepakatan sebagai skenario Brexit paling berisiko untuk...

POPULAR NEWS
Gold Prices Up on Rate Cut Expectations

Gold prices gained on Friday in Asia on rate cut expectations, but gains were capped by a rebound in U.S. stocks. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.4% at $1,348.95 per ounce by 01:15 AM ET (05:15 GMT). The U.S. Federal Reserve is expected to keep rates unchanged at its meeting on June 19, but markets believe the likelihood of a rate cut before the end of the year has increased due to slowing inflation and rising...

Gold Heads for Fourth Weekly Advance on Haven Demand

Gold is poised for a fourth weekly gain as rising geopolitical tensions add to concerns that trade frictions may jeopardize global growth, boosting demand for a haven. The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. Separately, economic adviser Larry Kudlow warned Beijing may face consequences it if refuses an invitation from the U.S. to restart trade talks. Investors are also awaiting next...

Gold Busts Above $1,350 as Iran Tension, Fed Outlook Spur Demand

Gold smashed above $1,350 an ounce to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week's Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1,358.26 an ounce. Prices are set for a fourth weekly gain, the longest run since January. Investors are also pouring into gold-backed exchange-traded funds, with holdings rising to the highest since late...

US Blames Iran for Attacks on 2 Oil Tankers in Gulf of Oman

U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast. One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space. Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation. The secretary noted that Iran was behind other...

Gold hits 14-month high on growth woes, Middle East tensions

Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level. Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session. Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an...

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