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POPULAR NEWS
Gold futures up a fourth straight session to mark another finish at the highest since 2011

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold rose $10.70, or 0.6%, to settle at...

Gold Holds Near 2011 High on Virus Concerns, Dollar

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and deaths. Spot gold little changed at $1,809.01/oz at 8:09am in Singapore. On Wednesday, prices touched...

Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. On Tuesday, the Federal Reserve's No. 2, Richard Clarida, did little to disabuse investors of the view that the Fed would do whatever it takes to limit the damage from the viral outbreak. Precious metals have benefited from loose monetary policy...

Oil rises on improving U.S. gasoline demand

Oil prices edged up on Wednesday on signs of a recovery in gasoline consumption in the United States, but rising U.S. crude inventories and an increase in coronavirus infections limited gains. Brent crude futures rose 25 cents to $43.37 a barrel. West Texas Intermediate crude futures settled 28 cents, or 0.69%, higher at $40.90 per barrel. Both benchmarks were on track for a fourth session of daily percentage changes of less 1% in either direction, shrugging off news that OPEC member Libya...

Dollar slides as US stocks rally, but sentiment cautious

The dollar fell on Wednesday, tempering its safe-haven appeal for now, as U.S. stocks rallied, although sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States. Demand for the U.S. currency proved remarkably stable as oil prices steadied while European bourses traded in negative territory. Against a basket of its rivals, the dollar index dropped 0.5% to 96.527. The euro rose 0.6% versus the dollar to $1.1337 marginally, while a...

S&P 500 Edges Higher After Mixed Retail Earnings
Wednesday, 20 May 2020 03:13 WIB | MARKET UPDATE |S & P 500Saham AS

The S&P 500 edged up on Tuesday, taking a breather a day after its best one-day performance in six weeks, as investors attempted to glean information from a mixed bag of results from major retailers such as Walmart and Home Depot.

Home improvement chain Home Depot fell 1.59% after it missed quarterly profit estimates due to higher costs, while department store operator Kohl™s Corp tumbled 4.94% after reporting a bigger-than-expected loss.

The Dow Jones Industrial Average fell 30.68 points, or 0.12%, to 24,566.69, the S&P 500 gained 7.76 points, or 0.26%, to 2,961.67, and the Nasdaq Composite added 74.72 points, or 0.81%, to 9,309.55.

Source : Reuters

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POPULAR NEWS
Gold futures up a fourth straight session to mark another finish at the highest since 2011

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold rose $10.70, or 0.6%, to settle at...

Gold Holds Near 2011 High on Virus Concerns, Dollar

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and deaths. Spot gold little changed at $1,809.01/oz at 8:09am in Singapore. On Wednesday, prices touched...

Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. On Tuesday, the Federal Reserve's No. 2, Richard Clarida, did little to disabuse investors of the view that the Fed would do whatever it takes to limit the damage from the viral outbreak. Precious metals have benefited from loose monetary policy...

Oil rises on improving U.S. gasoline demand

Oil prices edged up on Wednesday on signs of a recovery in gasoline consumption in the United States, but rising U.S. crude inventories and an increase in coronavirus infections limited gains. Brent crude futures rose 25 cents to $43.37 a barrel. West Texas Intermediate crude futures settled 28 cents, or 0.69%, higher at $40.90 per barrel. Both benchmarks were on track for a fourth session of daily percentage changes of less 1% in either direction, shrugging off news that OPEC member Libya...

Dollar slides as US stocks rally, but sentiment cautious

The dollar fell on Wednesday, tempering its safe-haven appeal for now, as U.S. stocks rallied, although sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States. Demand for the U.S. currency proved remarkably stable as oil prices steadied while European bourses traded in negative territory. Against a basket of its rivals, the dollar index dropped 0.5% to 96.527. The euro rose 0.6% versus the dollar to $1.1337 marginally, while a...

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