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POPULAR NEWS
Gold Tallies Back-To-Back Gains as Treasury Yields Retreat

Gold futures settled higher on Thursday, building on gains from a day earlier as weakness in U.S. benchmark stock indexes and a drop in yields on government debt raised the precious metal™s investment appeal. Gold concluded Thursday "on a positive note amid market caution and general risk aversion," said Lukman Otunuga, senior research analyst at FXTM. œTensions in Hong Kong, fading optimism over a US-China trade deal, and disappointing economic data from the second-largest economy in the...

Gold Pares Weekly Gain After Kudlow's Comments on Deal

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China. Spot gold as much as -0.3% to $1,466.90/oz and traded at $1,468.50 at 9:56am in Singapore; +0.6% this week. Bloomberg Dollar Spot Index -0.1%. Other precious metals: Spot silver -0.2% to $16.9965/oz. Palladium +0.1% to $1,741.21/oz. Platinum +0.2% to $882.52/oz. Source: Bloomberg

Gold Claws Back Ground as Treasury Yields Retreat

Gold futures were modestly higher Thursday, finding support as yields on government debt continue to fall, lowering the opportunity cost of holding the metal. Gold for December delivery on Comex, rose $7.20, or 0.5%, to $1,470.50 an ounce, a day after snapping a four-day losing streak and rebounding from a more-than-two-month low. December silver rose 6.7 cents, or 0.4%, to $16.98 an ounce. Analysts said appetite for traditional haven assets amid renewed uncertainty over the outlook for a...

Gold Holds Gain as U.S.-China Trade Deal Optimism

Emas menahan gainnya karena para investor mengkaji kekhawatiran atas kemungkinan kesepakatan perdagangan AS-China diikuti komentar dari Ketua Federal Reserve Jerome Powell mengenai kebijakan moneter. Sementara Presiden Donald Trump mengatakan bahwa pembicaraan perdagangan dengan China bergerak "cepat," ada sedikit berita tentang tanggal penandatanganan dan lokasi untuk kesepakatan fase-satu. Harga emas spot -0,1% menjadi $ 1,461.88 / oz pada jam 9:30 pagi di Singapura; Rabu + 0,5%. Harga...

Oil falls on larger-than-expected US inventory

Oil prices fell on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent. Brent futures fell 7 cents to settle at $62.30 per barrel, while West Texas Intermediate crude futures fell 35 cents, or 0.6%, to settle at $56.77. U.S. crude stockpiles grew last week by 2.2 million barrels, compared with analysts™...

U.S. Personal Spending Increased More Than Forecast in July
Friday, 30 August 2019 19:48 WIB | ECONOMY |Ekonomi AS

U.S. personal spending accelerated in July, exceeding forecasts and indicating household consumption remained solid at the start of the third quarter and will continue as the economy™s dominant growth engine.

Consumer outlays for goods and services, which account for about 70% of gross domestic product, increased 0.6% during the month after a 0.3% June advance, Commerce Department data showed Friday. The report also showed incomes rose less than forecast, while the Federal Reserve™s preferred inflation gauge remained range bound.

The data indicate Americans are showing scant signs of reining in their spending despite recent concerns about the prospects of cooler economic growth. A report yesterday showed consumption rambled ahead in the second quarter at the fastest pace since the end of 2014.

The report™s inflation figures show prices pressures continue to fall short of the Fed™s goal and, in conjunction with the risks to the economy from stumbling overseas economies and an escalation of the U.S.-China trade war, give policy makers reason to keep reducing interest rates.

The broader personal consumption expenditures price gauge rose 0.2% from the prior month and was up 1.4% from a year earlier, matching the median estimates in a Bloomberg survey. The Fed officially targets 2% inflation.

The core PCE price index, which excludes food and energy, increased 1.6% from July of last year, also matching estimates. Policy makers view the core gauge as a better indicator of underlying price trends and have said they™re also aiming for it to rise 2%.

After adjusting for the increase in inflation, spending rose 0.4%. The July gain was driven by a 0.8% increase in outlays for merchandise, the largest advance in four months, according to the report. Spending on services also picked up.

The Commerce Department™s report showed incomes were restrained in July by a 1.8% decline in personal interest income, although wages and salaries settled back as well. Worker pay increased 0.2% after a 0.5% advance a month earlier.

Source : Bloomberg

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POPULAR NEWS
Gold Tallies Back-To-Back Gains as Treasury Yields Retreat

Gold futures settled higher on Thursday, building on gains from a day earlier as weakness in U.S. benchmark stock indexes and a drop in yields on government debt raised the precious metal™s investment appeal. Gold concluded Thursday "on a positive note amid market caution and general risk aversion," said Lukman Otunuga, senior research analyst at FXTM. œTensions in Hong Kong, fading optimism over a US-China trade deal, and disappointing economic data from the second-largest economy in the...

Gold Pares Weekly Gain After Kudlow's Comments on Deal

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China. Spot gold as much as -0.3% to $1,466.90/oz and traded at $1,468.50 at 9:56am in Singapore; +0.6% this week. Bloomberg Dollar Spot Index -0.1%. Other precious metals: Spot silver -0.2% to $16.9965/oz. Palladium +0.1% to $1,741.21/oz. Platinum +0.2% to $882.52/oz. Source: Bloomberg

Gold Claws Back Ground as Treasury Yields Retreat

Gold futures were modestly higher Thursday, finding support as yields on government debt continue to fall, lowering the opportunity cost of holding the metal. Gold for December delivery on Comex, rose $7.20, or 0.5%, to $1,470.50 an ounce, a day after snapping a four-day losing streak and rebounding from a more-than-two-month low. December silver rose 6.7 cents, or 0.4%, to $16.98 an ounce. Analysts said appetite for traditional haven assets amid renewed uncertainty over the outlook for a...

Gold Holds Gain as U.S.-China Trade Deal Optimism

Emas menahan gainnya karena para investor mengkaji kekhawatiran atas kemungkinan kesepakatan perdagangan AS-China diikuti komentar dari Ketua Federal Reserve Jerome Powell mengenai kebijakan moneter. Sementara Presiden Donald Trump mengatakan bahwa pembicaraan perdagangan dengan China bergerak "cepat," ada sedikit berita tentang tanggal penandatanganan dan lokasi untuk kesepakatan fase-satu. Harga emas spot -0,1% menjadi $ 1,461.88 / oz pada jam 9:30 pagi di Singapura; Rabu + 0,5%. Harga...

Oil falls on larger-than-expected US inventory

Oil prices fell on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent. Brent futures fell 7 cents to settle at $62.30 per barrel, while West Texas Intermediate crude futures fell 35 cents, or 0.6%, to settle at $56.77. U.S. crude stockpiles grew last week by 2.2 million barrels, compared with analysts™...

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