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POPULAR NEWS
Gold Heads for 3rd Week of Losses Amid Signs of Recovery

Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like stocks, at the metal's expense. Spot gold was down 0.2% at $1,708.07 per ounce as of 07:00 GMT, while U.S. gold futures slid 0.9% to $1,711.80. Bullion has declined about 1% so far this week, and is on track for its biggest fall since the week ending May 1. However, spot prices remain just 3% below...

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

Hong Kong Stocks Surge For Fifth Straight Gain

Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the global economy. The Hang Seng Index rallied 1.66 percent, or 404.11 points, to 24,770.41. The benchmark Shanghai Composite Index rose 0.40 percent, or 11.55 points, to 2,930.80, while the Shenzhen Composite Index on China's second exchange gained 0.22 percent, or 4.07 points, to 1,856.61. Source...

Oil Tanks Again as Iran Fears Top Resolute OPEC
Friday, 13 September 2019 02:50 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Barely a week after appearing like they'd won the market back, oil bulls were at a loss again on Thursday as crude prices tumbled for a third-straight day on concerns that sanctioned Iranian supplies might come roaring back.

New York-traded West Texas Intermediate crude, the U.S. benchmark blend, settled down 66 cents, or 1.2%, at $55.09 per barrel as OPEC's vow to balance the market with supply cuts were trumped by fears there might be a resolution soon to the near year-long U.S. embargo on Iranian crude. WTI fell as much as $1.73 earlier, before pulling back some of its losses late bargain-hunting activity.

London-traded Brent crude, the international benchmark blend, settled down 43 cents, or 0.7%, at $60.38 per barrel. Brent tumbled as much as $1.90 earlier.

Both WTI and Brent have lost about 4% or more since Tuesday after the White House announced that U,S. National Security Advisor John Bolton, a long-time hawk on Iran, had left the Trump administration. Prior to that, the two benchmarks had gained about 7% each over a four-day rally helped by optimism about outsize weekly U.S. crude draws.

Source : Investing.com

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POPULAR NEWS
Gold Heads for 3rd Week of Losses Amid Signs of Recovery

Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like stocks, at the metal's expense. Spot gold was down 0.2% at $1,708.07 per ounce as of 07:00 GMT, while U.S. gold futures slid 0.9% to $1,711.80. Bullion has declined about 1% so far this week, and is on track for its biggest fall since the week ending May 1. However, spot prices remain just 3% below...

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

Hong Kong Stocks Surge For Fifth Straight Gain

Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the global economy. The Hang Seng Index rallied 1.66 percent, or 404.11 points, to 24,770.41. The benchmark Shanghai Composite Index rose 0.40 percent, or 11.55 points, to 2,930.80, while the Shenzhen Composite Index on China's second exchange gained 0.22 percent, or 4.07 points, to 1,856.61. Source...

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