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POPULAR NEWS
Gold futures settle above $1,800 for first time since 2011

Gold futures settled above $1,800 an ounce on Tuesday, the first time for a most-active contract since 2011. Prices for the haven metal continued to find support on the heels of uncertainty over a recovery in the economy, ending the quarter 12.8% higher and trading up by more than 18% for the first half of the year, according to Dow Jones Market Data. "With a potent combination of low rates, ongoing global monetary and fiscal stimulus and COVID-19 uncertainty, there is plenty of catalyst in...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Hong Kong Stocks Finish Higher (Review)

Hong Kong shares closed with gains Tuesday following a rally in New York as traders welcomed upbeat economic data, though they remained cautious after China passed a controversial security law for the city. The Hang Seng Index added 0.52 percent, or 125.91 points, to 24,427.19. The benchmark Shanghai Composite Index rose 0.78 percent, or 23.16 points, to 2,984.67 while the Shenzhen Composite Index on China's second exchange jumped 1.88 percent, or 36.40 points, to 1,975.52. Source : AFP

Gold prices see subdued action as metals wrap up month, quarter and 2020's first half

Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70 an ounce, after rising less than 0.1% on Monday. Early last week, gold touched its highest level...

Oil futures end down for the session, but post a more than 90% gain for the quarter

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil production and amid signs of some recovery in demand for oil. August West Texas Intermediate oil CLQ20,...

Stocks Open Slightly Higher After Strong Earnings
Friday, 24 January 2020 21:44 WIB | MARKET UPDATE |SahamASS & P 500DOW JONES

Stocks opened with modest gains Friday, with the Nasdaq Composite pushing further into record territory, after a round of strong corporate earnings overshadowed worries over the spread of the coronavirus.

The Dow Jones Industrial Average rose 96 points, or 0.3%, to 29,256, while the S&P 500 was up around 3 points, or 0.1%, at 3,329. The Nasdaq Composite rose 40 points or 0.4%, to 9,441 -- after posting a record finish on Thursday. Shares of Dow component Intel Corp. jumped more than 7% after reporting data-center sales late Thursday that topped Wall Street estimates. Shares of American Express Co. also powered higher, rising 5%, after reporting a fourth-quarter profit that beat expectations.

Source : Marketwatch

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POPULAR NEWS
Gold futures settle above $1,800 for first time since 2011

Gold futures settled above $1,800 an ounce on Tuesday, the first time for a most-active contract since 2011. Prices for the haven metal continued to find support on the heels of uncertainty over a recovery in the economy, ending the quarter 12.8% higher and trading up by more than 18% for the first half of the year, according to Dow Jones Market Data. "With a potent combination of low rates, ongoing global monetary and fiscal stimulus and COVID-19 uncertainty, there is plenty of catalyst in...

Gold futures end lower a day after highest finish since 2011

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he...

Hong Kong Stocks Finish Higher (Review)

Hong Kong shares closed with gains Tuesday following a rally in New York as traders welcomed upbeat economic data, though they remained cautious after China passed a controversial security law for the city. The Hang Seng Index added 0.52 percent, or 125.91 points, to 24,427.19. The benchmark Shanghai Composite Index rose 0.78 percent, or 23.16 points, to 2,984.67 while the Shenzhen Composite Index on China's second exchange jumped 1.88 percent, or 36.40 points, to 1,975.52. Source : AFP

Gold prices see subdued action as metals wrap up month, quarter and 2020's first half

Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70 an ounce, after rising less than 0.1% on Monday. Early last week, gold touched its highest level...

Oil futures end down for the session, but post a more than 90% gain for the quarter

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil production and amid signs of some recovery in demand for oil. August West Texas Intermediate oil CLQ20,...

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