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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Gains on Virus Spread, Rate Cut Hopes

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods
Saturday, 14 September 2019 02:18 WIB | GLOBAL |Global

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month.

The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.   

On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking into purchasing U.S. agricultural goods such as pork and soybeans.

Gao also voiced hope the two sides will continue to create favorable conditions for the upcoming trade talks in Washington.

China previously imposed tariffs of 25 percent on U.S. farm goods and ordered importers to stop buying soybeans, the largest U.S. export to China. Beijing did not indicate Friday whether soybean purchases would resume.

Beijing's tariffs were imposed in response to U.S. President Donald Trump's tariff increases on Chinese products.

On Wednesday, however, Trump announced he was postponing tariffs on $250 billion in Chinese goods from Oct. 1 to Oct. 15.

He said on Twitter that Chinese Vice Premier Liu He had asked for the delay because of celebrations for the 70th anniversary of the People's Republic of China on Oct. 1.

Source : VOA

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POPULAR NEWS
Gold futures finish lower for a second straight session

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the economic hit from COVID-19 remain. "It would appear that gold needs a clear sign of a pandemic and clear signs of severe global slowing to ignite a return of aggressive investment buying," said analysts at Zaner Metals, in a daily note. "The trade could be fearful about the potential for a sustained setback in Chinese physical gold...

Gold futures give up earlier gains to log a third straight session decline

Gold futures gave up earlier gains on Thursday to finish lower for a third straight session. "Gold prices are always sensitive to the outlook for interest rates, but it's rarely been more strongly correlated against bond yields than it is right now," said Adrian Ash, director of research at BullionVault. "So while the plunge in the stock market should keep driving gold higher, any pullback in these surging bond prices is also going to hit gold short-term," he said. Bond prices move in the...

Gold Climbs as Trump Comments Fail to Ease Virus Fears

Gold rose for the seventh time in eight days as investors continued to weigh the impact of the coronavirus outbreak, with comments by the Trump administration failing to allay concerns about the disease. More cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, with new infections in nations from Pakistan to Brazil. President Donald Trump assured Americans that they face little risk, although...

Gold Gains on Virus Spread, Rate Cut Hopes

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as...

Oil futures settle at lowest in over a year

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data. Source : MarketWatch

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