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POPULAR NEWS
Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning concerns of a fresh economic setback and drove traders towards the safe-haven metal. Spot gold was up 0.6% at $1,736.31 per ounce, as of 1243 GMT. U.S. gold futures were flat at $1,751.30. Protesters in the United States have flooded the streets over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and...

Rallies in the US Continue to Remain Curfews and Emergencies

The demonstrators continued to voice their correction of the death of George Floyd for the death of the sixth night in cities across the US on Sunday (31/5). Fix the problem of confrontation again with the police trying to enforce the curfew. Los Angeles, Chicago, Miami, Detroit and Philadelphia are among the major cities that have imposed orders that apply to residents at night. The governors of Texas and Virginia have imposed a state of emergency in their state. Fire, vandalism, looting...

Gold edges lower as investors play down U.S.-China tensions

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China tensions and a weekend of civil unrest in several U.S. cities. Gold for August delivery on Comex fell $6.50, or 0.4%, to $1,745.10 an ounce, while July silver was up 14.10 cents, or 0.8%, at $18.64 an ounce. Source : MarketWatch

Aussie Dollar Surges As Investors Focus On Recovery From Pandemic

Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China™s post-coronavirus economic recovery and wagered on an easing in Sino-U.S. tensions. The trade-sensitive Australian dollar surged 1% to a three-month high of $0.6742 to lead broader gains that put the dollar close to an 11-week low against a basket of currencies. U.S. President Donald Trump made no move to impose new tariffs on China during a news conference on Friday where he outlined his...

Gold Climbs As U.S. Riots Spark Safe-Haven Rush

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support. Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60. Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided...

Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB | FISCAL & MONETARY |Federal ReserveThe FedEkonomi AS

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war.

œMembers who voted for the policy action sought to better position the overall stance of policy to help counter the effects on the outlook of weak global growth and trade policy uncertainty, insure against any further downside risks from those sources, and promote a faster return of inflation to the 2% target, according to minutes of the July 30-31 Federal Open Market Committee meeting, released Wednesday in Washington.

The Fed cut rates for the first time since 2008, a move Chairman Jerome Powell called a œmid-cycle adjustment. The minutes described the quarter-point cut as part of an œongoing reassessment of the policy path that began in late 2018.

 œMembers generally agreed that it was important to maintain optionality in setting the future target range for the federal funds rate, the minutes said, indicating the committee didn™t view the cut as part of an extended cycle of reductions.

The Fed went out of its way to highlight the reasons for the cut in three bullet points, citing signs of economic deceleration, risk management concerns and too low inflation. The minutes said participants noted that œtrade uncertainty would remain a persistent headwind for the outlook.

FOMC participants said they still viewed a sustained U.S. economic expansion, strong labor markets and inflation near the target œas the most likely outcomes.

The minutes began with a lengthy discussion of the Fed™s policy strategy review, which indicated that officials aren™t ruling out any options, including an expansion of their policy toolkit.

Since the last meeting, the dollar has strengthened as the global economic outlook dimmed, raising the prospect for rate cuts abroad. Yields on U.S. 10-year Treasury notes have plunged toward record lows. Investors expect as many as three more quarter-point rate cuts this year to offset increasing downside risks, including a move next month.

Source : Bloomberg

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RBA : Australia Economic Downturn To Be Less Severe Than Initially Feared...
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Thursday, 21 May 2020 02:33 WIB

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Mnuchin Defends U.S. Fiscal Response to Pandemic, Seeks Payroll Loan Extension...
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POPULAR NEWS
Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning concerns of a fresh economic setback and drove traders towards the safe-haven metal. Spot gold was up 0.6% at $1,736.31 per ounce, as of 1243 GMT. U.S. gold futures were flat at $1,751.30. Protesters in the United States have flooded the streets over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and...

Rallies in the US Continue to Remain Curfews and Emergencies

The demonstrators continued to voice their correction of the death of George Floyd for the death of the sixth night in cities across the US on Sunday (31/5). Fix the problem of confrontation again with the police trying to enforce the curfew. Los Angeles, Chicago, Miami, Detroit and Philadelphia are among the major cities that have imposed orders that apply to residents at night. The governors of Texas and Virginia have imposed a state of emergency in their state. Fire, vandalism, looting...

Gold edges lower as investors play down U.S.-China tensions

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China tensions and a weekend of civil unrest in several U.S. cities. Gold for August delivery on Comex fell $6.50, or 0.4%, to $1,745.10 an ounce, while July silver was up 14.10 cents, or 0.8%, at $18.64 an ounce. Source : MarketWatch

Aussie Dollar Surges As Investors Focus On Recovery From Pandemic

Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China™s post-coronavirus economic recovery and wagered on an easing in Sino-U.S. tensions. The trade-sensitive Australian dollar surged 1% to a three-month high of $0.6742 to lead broader gains that put the dollar close to an 11-week low against a basket of currencies. U.S. President Donald Trump made no move to impose new tariffs on China during a news conference on Friday where he outlined his...

Gold Climbs As U.S. Riots Spark Safe-Haven Rush

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support. Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60. Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided...

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