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POPULAR NEWS
Gold Holds Tight Range Ahead of Key Brexit Vote, Focus on Fed

Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve™s stance on interest rate cuts. Spot gold was steady at $1,484.60 per ounce. U.S. gold futures settled mostly unchanged at $1,487.5. œEverything is really quiet. The biggest factor, with the Fed looming and Brexit on the horizon, in the U.S. is really company earnings right now, said Michael Matousek, head trader at U.S....

Gold Futures Mark First Climb in 4 Sessions

Gold futures climbed on Wednesday to mark their first gain in four sessions, with prices settling at their highest in nearly a week. "As investors grow weary waiting for a resolution to the Brexit saga, they are bound to fall back on their flight-to-safety mantra as they let the U.K. political uncertainties play out," said Han Tan, market analyst at FXTM. Also, "although investors' hopes over the U.S.-China 'phase-one' trade deal have dampened bullion of late, overarching concerns over the...

Gold Gains As ETF Holdings Inch Closer to Record

Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012. Gold ETFs expanded for a third day Monday, extending this year's increase to 16%. Central banks including Turkey and Germany also added gold holdings last month, joining major buyers like Russia and China, data from the International Monetary fund show. Spot gold rose 0.3% to $1,488.68/oz after...

Hong Kong shares close with gains

Hong Kong stocks finished on a positive note Tuesday, tracking gains on Wall Street thanks to growing hopes that China and the US will hammer out the first phase of their trade pact by next month. The Hang Seng Index rose 0.23 percent, or 60.52 points, to 26,786.20. The benchmark Shanghai Composite Index added 0.50 percent, or 14.76 points, to 2,954.38 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 1.01 percent, or 16.34 points, to 1,631.22. Source...

Oil Gains 1.6% on Report That OPEC Will Consider Deeper Production Cuts

Oil prices were higher following a report that OPEC and its allies would consider deeper production cuts when they meet in December. The report, which appeared on Reuters, quoted sources close to the producer group and reflected rumors that had been in the oil market previously. The cuts are expected to be made in response to the outlook for weaker demand growth. Oil had been slightly higher earlier after China signaled progress in trade talks with the United States, but gains were capped by...

Powell says August job report is sign of continued strength in labor market, doesn't see a recession
Saturday, 7 September 2019 01:23 WIB | FISCAL & MONETARY |ECONOMIC

Federal Reserve Chairman Jerome Powell said Friday afternoon that the most recent monthly gauge of the U.S. labor market fit into an overall picture of a healthy jobs market and economy.

In a question-and-answer session in Zurich, Powell said the outlook for the economy remains favorable, describing the future as one likely to reflect continued moderate economic expansion.

Powell said the central bank is œnot forecasting or expecting a recession.

Repeating his message from Jackson Hole, Wyoming, Powell said there are œsignificant downside risks facing the economy and said the Fed is going to monitor all these factors.

In one comment that some watchers could interpret as dovish, or accommodative, Powell said the Fed was worried about inflation getting too low, suggesting that the central bank may act to bolster stubbornly low inflation.

Asked specifically about possible interest-rate cuts, Powell said he only wanted to say that the Fed œwould act as appropriate to sustain the expansion.

Source : MarketWatch

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Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective...
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Breaking: Fed's Powell says there is no reason why expansion can't continue...
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POPULAR NEWS
Gold Holds Tight Range Ahead of Key Brexit Vote, Focus on Fed

Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve™s stance on interest rate cuts. Spot gold was steady at $1,484.60 per ounce. U.S. gold futures settled mostly unchanged at $1,487.5. œEverything is really quiet. The biggest factor, with the Fed looming and Brexit on the horizon, in the U.S. is really company earnings right now, said Michael Matousek, head trader at U.S....

Gold Futures Mark First Climb in 4 Sessions

Gold futures climbed on Wednesday to mark their first gain in four sessions, with prices settling at their highest in nearly a week. "As investors grow weary waiting for a resolution to the Brexit saga, they are bound to fall back on their flight-to-safety mantra as they let the U.K. political uncertainties play out," said Han Tan, market analyst at FXTM. Also, "although investors' hopes over the U.S.-China 'phase-one' trade deal have dampened bullion of late, overarching concerns over the...

Gold Gains As ETF Holdings Inch Closer to Record

Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012. Gold ETFs expanded for a third day Monday, extending this year's increase to 16%. Central banks including Turkey and Germany also added gold holdings last month, joining major buyers like Russia and China, data from the International Monetary fund show. Spot gold rose 0.3% to $1,488.68/oz after...

Hong Kong shares close with gains

Hong Kong stocks finished on a positive note Tuesday, tracking gains on Wall Street thanks to growing hopes that China and the US will hammer out the first phase of their trade pact by next month. The Hang Seng Index rose 0.23 percent, or 60.52 points, to 26,786.20. The benchmark Shanghai Composite Index added 0.50 percent, or 14.76 points, to 2,954.38 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 1.01 percent, or 16.34 points, to 1,631.22. Source...

Oil Gains 1.6% on Report That OPEC Will Consider Deeper Production Cuts

Oil prices were higher following a report that OPEC and its allies would consider deeper production cuts when they meet in December. The report, which appeared on Reuters, quoted sources close to the producer group and reflected rumors that had been in the oil market previously. The cuts are expected to be made in response to the outlook for weaker demand growth. Oil had been slightly higher earlier after China signaled progress in trade talks with the United States, but gains were capped by...

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