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POPULAR NEWS
Gold futures end at lowest in 2 months, down nearly 4% for the week

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold. August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data. Source: Marketwatch

Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session. Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday. For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions. Source : Marketwatch

Wall Street Jumps On Surprise Fall In Unemployment Rate

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump. The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell. Source : Reuters

Wall Street closes up sharply on surprise U.S. jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more. Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Euro in The Ascendancy on The Back of ECB Stimulus

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme. The euro rose to $1.1380 against a weakening dollar, its highest level since March 10, and was on course for a weekly jump of 2.5% and a ninth straight day of gains. This would represent the euro's longest series of rises on record since October 2004, while the dollar index is on course for its third consecutive week of losses at...

Gold scores a pop from historic oil outage
Monday, 16 September 2019 20:44 WIB | PRECIOUS METALS |GOLDEMASSILVER

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals.

December gold on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weekly decline of 1.1%. Silver for December delivery added 32 cents, or 1.8%, to trade at $17.885 an ounce, following a weekly loss of 3%, according to FactSet data.

The gain for oil comes after Saudi oil production facilities on Saturday were hit by a drone attack according to Saudi Arabian officials, which knocked out 5.7 million barrels of daily production, representing some 5% of global production. The event, described by commodity experts as the largest-ever single disruption to crude output, has rattled markets because spikes in oil prices can hobble global economies. The kingdom has been racing to restore roughly one-third of the disrupted production.

Source : MarketWatch

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Gold futures end at lowest in 2 months, down nearly 4% for the week...
Saturday, 6 June 2020 01:18 WIB

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Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report...
Friday, 5 June 2020 19:13 WIB

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up...

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Friday, 5 June 2020 12:54 WIB

Gold eased ahead of a highly awaited U.S. jobs report on Friday as markets pinned hopes on an economic recovery, putting the safe-haven metal on track for a third consecutive weekly decline. Spot gol...

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POPULAR NEWS
Gold futures end at lowest in 2 months, down nearly 4% for the week

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold. August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data. Source: Marketwatch

Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session. Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday. For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions. Source : Marketwatch

Wall Street Jumps On Surprise Fall In Unemployment Rate

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump. The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell. Source : Reuters

Wall Street closes up sharply on surprise U.S. jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more. Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Euro in The Ascendancy on The Back of ECB Stimulus

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme. The euro rose to $1.1380 against a weakening dollar, its highest level since March 10, and was on course for a weekly jump of 2.5% and a ninth straight day of gains. This would represent the euro's longest series of rises on record since October 2004, while the dollar index is on course for its third consecutive week of losses at...

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