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POPULAR NEWS
Gold Futures Fall Sharply for The Session, Climb for The Month

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Gold Futures Settle Lower for a Second Session

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George Gero, managing director at RBC Wealth Management, following the record coronavirus-led retreat in the stock market. June gold fell $10.90, or 0.7%, to settle at $1,643.20 an ounce. The contract, which is now the most active, posted a loss of 0.4% on Friday. Source : Marketwatch

Gold Rose As Virus-Led Growth Fears Spur Safety Buying

Gold prices rose on Monday as investors sought safe havens amid fears over growing economic damage from the coronavirus after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.89 an ounce. U.S. gold futures edged 0.1% higher to $1,625.70. Investors appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight session and oil prices to their weakest...

Gold Prices Slip After Big Weekly Gains

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic. The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic continues to show no signs of abating as the World Health Organization said that there are now 638,146...

Gold Gains as Virus-Led Growth Fears Spur Safety Buying

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. Investors™ appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight...

Draghi Talks Tough on Stimulus as ECB Discusses More Rate Cuts
Thursday, 6 June 2019 21:26 WIB | MONETARY | ECBMario Draghi

Mario Draghi hardened his language as he said the European Central Bank won™t shy away from action to support the euro-area economy as growth weakens.

Policy makers are œdetermined to act if needed, citing the œprolonged persistence of uncertainties and the œrising threat of protectionism, the ECB president said in Vilnius after the Governing Council met. Some officials raised the prospect of interest-rate cuts or restarting quantitative easing and there is œconsiderable headroom for more QE, he added.

council extended its pledge to keep interest rates at record lows and announced details on a program for infusing lenders with more cheap cash. That wasn™t enough for some investors in a week when global central banks including the Federal Reserve turned more dovish. German bond yields and the euro rose. Still, bank stocks gained on the details of the long-term loans.

Trade tensions buffeting the global economy have spurred monetary policy makers to move toward easing. Australia reduced rates on Tuesday for the first time in three years and India cut for a third time this year on Thursday, while Fed Chairman Jerome Powell shifted closer to acting.

Draghi said ECB economists downgraded their outlook for growth and inflation next year. The euro-zone economy is now seen expanding 1.4% in 2020 compared with a March forecast for 1.6%. Inflation is seen at 1.3% this year, 1.4% next year and 1.6% in 2021 -- well below target.

The long-term loans to banks will start in September and initially be priced at the main refinancing rate plus 0.1 percentage point. They can fall as low as the deposit rate plus 0.1 percentage point if banks meet lending benchmarks. The main refinancing rate is currently zero, and the deposit rate is minus 0.4%.

Market-based inflation expectations are at their lowest since 2016, a trend that Draghi said policy makers take seriously, while stressing that there is no threat of deflation and a very low probability of recession.

The ECB™s action on Thursday œtakes into account the prolongation of uncertainty with respect to what we saw and believed in March, Draghi told reporters, citing Brexit and rising populism as well as trade.

Markets œmight see a much broader phenomena, where the multilateral order that we have lived in since World War II is disappearing, he said. œAnd then of course the uncertainty about Brexit negotiations, the uncertainty of vulnerabilities of certain emerging-market countries, which are important.

Source: Bloomberg

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POPULAR NEWS
Gold Futures Fall Sharply for The Session, Climb for The Month

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Gold Futures Settle Lower for a Second Session

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the answer to needed cash for the most part," said George Gero, managing director at RBC Wealth Management, following the record coronavirus-led retreat in the stock market. June gold fell $10.90, or 0.7%, to settle at $1,643.20 an ounce. The contract, which is now the most active, posted a loss of 0.4% on Friday. Source : Marketwatch

Gold Rose As Virus-Led Growth Fears Spur Safety Buying

Gold prices rose on Monday as investors sought safe havens amid fears over growing economic damage from the coronavirus after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.89 an ounce. U.S. gold futures edged 0.1% higher to $1,625.70. Investors appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight session and oil prices to their weakest...

Gold Prices Slip After Big Weekly Gains

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic. The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic continues to show no signs of abating as the World Health Organization said that there are now 638,146...

Gold Gains as Virus-Led Growth Fears Spur Safety Buying

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. Investors™ appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight...

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