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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 Holds Biggest Drop in 2 Weeks on China Economy

Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals: Silver +0.3% to $14.0110/oz after -22% in the first quarter, Platinum steady at $723.25/oz; -25%...

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...

EU Approves Trade Deal With Vietnam
Wednesday, 19 February 2020 00:09 WIB | GLOBAL |Global

The European Union has approved a trade agreement with Vietnam, disproving skeptics who thought the EU's divorce with Britain and Vietnam human rights concerns would delay the vote.

Members of the EU Parliament last week voted 401 to 192 in favor of ratifying the agreement, which would roll back almost all import tariffs between the bloc and Vietnam. The EU is looking for new economic tailwinds amid concerns with other partners: the British exit from the union threatens commerce, while U.S. President Donald Trump has turned his attention from the China trade war to issue more tariffs against the European Union this month. The vote was also welcomed as good news by Vietnam, which worries its economy will be hurt by the U.S.-China trade war and the spread of the new coronavirus.

œHistory shows that isolation does not change a country,  said Bernd Lange, chair of the EU Parliament trade committee and vice chair of the Progressive Alliance of Socialists and Democrats. œThat is why Parliament voted in favor of this trade agreement with Vietnam. With it, we strengthen the role of the EU in Vietnam and the region, ensuring that our voice has more weight than before.

The EU-Vietnam Free Trade Agreement would be Europe's second in Southeast Asia, after one with Singapore. Its decreased tariffs are expected to increase Vietnamese exports of seafood, textiles, and wood products to the EU, and EU exports of beverages, machinery, and drugs to Vietnam.

Source : VOA

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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 Holds Biggest Drop in 2 Weeks on China Economy

Gold held the biggest decline in more than two weeks amid signs China™s economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals: Silver +0.3% to $14.0110/oz after -22% in the first quarter, Platinum steady at $723.25/oz; -25%...

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...

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