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POPULAR NEWS
Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Slips, But on Track For 3rd Monthly Gain on Pandemic Fears

Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks. Spot gold was down 0.7% at $1,630.86 per ounce. U.S. gold futures slipped 0.6% to $1,631.90 per ounce. Bullion has added almost 3% so far this month, its third straight monthly gain. Prices hit a 7-year high of $1,688.66 earlier this week. Source :...

Oil settles at lowest since January 2019

Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $47.09 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Wall Street Plunges At The Open As Pandemic Fears Heighten

U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global recession. The Dow Jones Industrial Average fell 495.81 points, or 1.92%, at the open to 25,270.83. The S&P 500 opened lower by 61.86 points, or 2.08%, at 2,916.90. The Nasdaq Composite dropped 296.74 points, or 3.46%, to 8,269.74 at the opening bell. Source : Reuters

Gold futures post biggest daily percentage drop since 2013

Gold futures fell by nearly 5% on Friday to log the biggest daily percentage decline for a most-active contract since June 2013, according to Dow Jones Market Data. Analysts attributed the decline to investors selling the precious metal to generate cash to cover losses in the stock market. "We are witnessing some large forced selling due to overextended margin positions," said Jeff Wright, executive vice president of GoldMining Inc. However, "fundamentally, gold will recover" the $1,600-...

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Thursday, 10 October 2013 22:56 WIB | ABOUT |

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POPULAR NEWS
Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Slips, But on Track For 3rd Monthly Gain on Pandemic Fears

Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks. Spot gold was down 0.7% at $1,630.86 per ounce. U.S. gold futures slipped 0.6% to $1,631.90 per ounce. Bullion has added almost 3% so far this month, its third straight monthly gain. Prices hit a 7-year high of $1,688.66 earlier this week. Source :...

Oil settles at lowest since January 2019

Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $47.09 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Wall Street Plunges At The Open As Pandemic Fears Heighten

U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global recession. The Dow Jones Industrial Average fell 495.81 points, or 1.92%, at the open to 25,270.83. The S&P 500 opened lower by 61.86 points, or 2.08%, at 2,916.90. The Nasdaq Composite dropped 296.74 points, or 3.46%, to 8,269.74 at the opening bell. Source : Reuters

Gold futures post biggest daily percentage drop since 2013

Gold futures fell by nearly 5% on Friday to log the biggest daily percentage decline for a most-active contract since June 2013, according to Dow Jones Market Data. Analysts attributed the decline to investors selling the precious metal to generate cash to cover losses in the stock market. "We are witnessing some large forced selling due to overextended margin positions," said Jeff Wright, executive vice president of GoldMining Inc. However, "fundamentally, gold will recover" the $1,600-...

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