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POPULAR NEWS
Gold Inches Lower as Investors Seek Clarity on Virus Severity

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency. Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30. Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency. However,...

Gold prices notch gains for the day and week as coronavirus fears intensify

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%. China has moved to restrict movement of some 46 million people in and out of cities near the center of the outbreak, while also canceling Lunar New Year events as the number of infections continued to rise. The virus...

European Stocks Open Higher as WHO Says No 'Global Emergency' Yet For China Virus

European stocks opened higher on Friday, looking to break a four-day losing streak after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a œglobal emergency yet. The pan-European Stoxx 600 added 0.7% in early trade, basic resources rebounding 1.5% to lead gains as almost all sectors and major bourses entered positive territory. Following a torrid week for stocks on the back of fears over the spread of the new coronavirus, which has killed 25 people in...

Gold Edges Lower as Traders Assess China Virus Outbreak

Gold edged lower Friday as traders assessed the severity of a viral outbreak originating out of China a day after the World Health Organization said it was too early to declare a global emergency. Gold for February delivery on Comex fell $5.10, or 0.3%, to $1,560.30 an ounce, while March silver was up 13.1 cents, or 0.7%, at $17.96 an ounce. The yellow metal saw its highest close in more than two weeks on Thursday as the spread of the coronavirus triggered a selloff in global equities and...

Japanese Stocks Book Weekly Loss Amid China Virus Concerns

Japan™s stocks completed a weekly decline as the rising death toll from China™s coronavirus damped demand for riskier assets. Automakers and retail companies were the heaviest drags on the Topix index, with the yen little changed after a three-day gain against the dollar. China is rushing to halt the spread of a new coronavirus as the death toll rose to 25. Japanese Prime Minister Shinzo Abe said he would strengthen measures to tackle the virus and do everything possible to...

Oil Set for Weekly Gain on Signs of Trade Thaw, Tighter Supplies
Friday, 23 August 2019 07:50 WIB | COMMODITY |MinyakWTIBrent

Oil is on track for a weekly gain, buoyed by signs of a cooling in trade tensions between the U.S. and China and after official data showed a draw down in U.S. crude inventories.

Futures in New York were up 0.1%, after falling 0.6% on Thursday. The U.S. benchmark is up about 1% over the week. Investors are balancing fears about slowing global economies and demand with anticipation the Federal Reserve Chair Jerome Powell will signal a rate cut is coming during a speech Friday at a Wyoming conference. Meanwhile, U.S. President Donald Trump said Thursday he would œprobably make a deal with China on trade, after a move to delay sanctions against Huawei Technologies Co. earlier in the week offered a hint of progress.

U.S. crude inventories fell by a bigger-than-forecast 2.73 million barrels last week, according to government data, although a 2.61 million-barrel increase in stored supplies of diesel and other distillates, muddied the outlook for demand.

West Texas Intermediate crude for October delivery was up 5 cents at $55.40 a barrel on the New York Mercantile Exchange as at 8:35 a.m. Sydney time. October WTI settled down 33 cents to end at $55.35 a barrel on Thursday.

Brent for October settled down 38 cents to $59.92 on the ICE Futures Europe Exchange.

Source : Bloomberg

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POPULAR NEWS
Gold Inches Lower as Investors Seek Clarity on Virus Severity

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency. Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30. Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency. However,...

Gold prices notch gains for the day and week as coronavirus fears intensify

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%. China has moved to restrict movement of some 46 million people in and out of cities near the center of the outbreak, while also canceling Lunar New Year events as the number of infections continued to rise. The virus...

European Stocks Open Higher as WHO Says No 'Global Emergency' Yet For China Virus

European stocks opened higher on Friday, looking to break a four-day losing streak after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a œglobal emergency yet. The pan-European Stoxx 600 added 0.7% in early trade, basic resources rebounding 1.5% to lead gains as almost all sectors and major bourses entered positive territory. Following a torrid week for stocks on the back of fears over the spread of the new coronavirus, which has killed 25 people in...

Gold Edges Lower as Traders Assess China Virus Outbreak

Gold edged lower Friday as traders assessed the severity of a viral outbreak originating out of China a day after the World Health Organization said it was too early to declare a global emergency. Gold for February delivery on Comex fell $5.10, or 0.3%, to $1,560.30 an ounce, while March silver was up 13.1 cents, or 0.7%, at $17.96 an ounce. The yellow metal saw its highest close in more than two weeks on Thursday as the spread of the coronavirus triggered a selloff in global equities and...

Japanese Stocks Book Weekly Loss Amid China Virus Concerns

Japan™s stocks completed a weekly decline as the rising death toll from China™s coronavirus damped demand for riskier assets. Automakers and retail companies were the heaviest drags on the Topix index, with the yen little changed after a three-day gain against the dollar. China is rushing to halt the spread of a new coronavirus as the death toll rose to 25. Japanese Prime Minister Shinzo Abe said he would strengthen measures to tackle the virus and do everything possible to...

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