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POPULAR NEWS
Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve™s...

Gold Prices Drops from Two-Week Highs to Stay Below $1,650 Level

Gold prices dropped on Friday in Asia as equities rebounded. Gold Futures for April delivery on the Comex exchange slid 0.7% to $1,640.05 by 12:55 AM ET (04:55 GMT). Despite the losses today, gold prices still traded sharply higher this week, gaining over 8% and heading for its biggest weekly gain in over a decade as the total number of coronavirus cases across the world continued to rise. The U.S. has now overtaken China for the most confirmed cases worldwide, as infections in New York...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Oil Rises as Broader Markets Gain on Hopes For More Stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. After tumbling for the past four weeks, Brent crude was up 50 cents, or nearly 2%, at $26.84 a barrel by 0116 GMT, and on track to end the week steady or only slightly lower. U.S. crude was up 60 cents, or 2.7%, at $23.20, and is heading for a weekly gain of about 3%. Both contracts are down...

S&P 500, Nasdaq open at records as coronavirus fears ease; Fed's Powell set to deliver House testimony
Tuesday, 11 February 2020 21:46 WIB | MARKET UPDATE |SahamASIndeks Dow JonesIndeks S&P 500Indeks Nasdaq

U.S. stock benchmarks opened at fresh records Tuesday morning, with analysts attributing strength in part to signs that the spread of the coronavirus in China may be abating. The gains were enough to push the three major equity indexes to records after the opening bell.

Meanwhile, market participants were bracing for congressional testimony later Tuesday from Federal Reserve Chairman Jerome Powell, who said in prepared remarks that the central bank is monitoring the viral outbreak in China.

The Dow Jones Industrial Average gained 120 points, or 0.4%, at 29,396, trading above its closing record. The S&P 500 index gained 0.4% to 3,365, while the Nasdaq Composite Index advanced 0.5% at 9,678.

The S&P 500 and the Nasdaq both set intraday all-time highs at the start of trade. The number of new, confirmed cases fell to 2,478 from 3,062 a day earlier, bringing the total to 42,638 on the mainland, including some of whom have since recovered and been released from treatment.

In corporate news, shares of T-Mobile US and Sprint surged after The Wall Street Journal said that a federal judge was about to approve their merger.

Source : MarketWatch

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POPULAR NEWS
Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve™s...

Gold Prices Drops from Two-Week Highs to Stay Below $1,650 Level

Gold prices dropped on Friday in Asia as equities rebounded. Gold Futures for April delivery on the Comex exchange slid 0.7% to $1,640.05 by 12:55 AM ET (04:55 GMT). Despite the losses today, gold prices still traded sharply higher this week, gaining over 8% and heading for its biggest weekly gain in over a decade as the total number of coronavirus cases across the world continued to rise. The U.S. has now overtaken China for the most confirmed cases worldwide, as infections in New York...

Gold Pulls Back but Set for Biggest Weekly Gain Since 2008

Gold futures pulled back Friday, but remained on track for the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market. Gold for April delivery on Comex fell $33.30, or 2%, to $1.617.90 an ounce, while May silver dropped 22.6 cents, or 1.7%, to $14.45 an ounce. For the week, gold is up nearly 9%, which would mark the biggest weekly rise since December 2008, according to FactSet. A retreat by the U.S....

Gold scores biggest weekly gain since 2008

Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal. Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet. May silver dropped 14.2 cents, or...

Oil Rises as Broader Markets Gain on Hopes For More Stimulus

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. After tumbling for the past four weeks, Brent crude was up 50 cents, or nearly 2%, at $26.84 a barrel by 0116 GMT, and on track to end the week steady or only slightly lower. U.S. crude was up 60 cents, or 2.7%, at $23.20, and is heading for a weekly gain of about 3%. Both contracts are down...

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