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POPULAR NEWS
Gold Falls as Potential Japan Stimulus Boosts Risk Appetite

Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors™ risk appetite, though fresh tensions over Hong Kong limited the metal™s fall. Spot gold was down 0.5% at $1,726.18 per ounce by 0512 GMT. U.S. gold futures were fell 0.5% to $1,726.60. Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains. Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programs for...

Gold Down Over Escalating U.S.-China Tensions

Gold was down in Asia on Monday morning, with escalating U.S.-China tensions continuing to impact demand for even the safe-haven asset. Gold futures slid by 0.47% at $1,727.40 by 12:26 AM ET (5:26 AM GMT), with the yellow metal unable to hold onto its gains from the previous session. Stocks, which usually move in the opposite direction to gold, were mixed with Greater Chinese stocks suffering losses on Monday. Investors risk sentiment was down on Friday after China formally tabled national...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal. Gold for June delivery on Comex fell $10.60, or 0.6%, to $1,724.90 an ounce, while July silver was up 9.7 cents, or 0.5%, at $17.79 an ounce. Gold is trading "in a scenario where investors are looking for fresh stimuli to move markets. The risk on approach...

Gold Steady As Stronger Equities Offset Political Tensions

Gold traded little changed on Tuesday as gains in equities on optimism over a reopening global economy offset support from a softer dollar and lingering tensions over Hong Kong and Venezuela. Spot gold was flat at $1,729.83 per ounce by 1253 GMT. U.S. gold futures were down 0.2% to $1,732.10. Japan™s Nikkei rose 1% to its highest since early March, while MSCI™s broadest index of Asia-Pacific shares outside Japan added 0.1% in early trade. Source : Reuters

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

South Korea Removes Japan from Fast-Track Trade List
Wednesday, 18 September 2019 23:25 WIB | GLOBAL |

South Korea has followed through with a pledge to remove Japan from a preferred list of nations that enjoy fast track trade status, the latest chapter in an escalating diplomatic dispute tied to Japan's 20th century occupation of the Korean peninsula.

Tokyo's removal from a so-called "white list" of nations enjoying minimal trade restrictions means South Korean companies would have to wait as many as 15 days to win approval to export sensitive materials to Japan, compared to five days under the fast track status. 

Wednesday's action comes just weeks after Tokyo removed South Korea from its "white list" of trusted trade partners.  The decision restricts exports of hi-tech materials to South Korea that are used to produce semiconductors and displays in smartphones and other electronics that serve as the backbone of South Korea™s export-driven economy.

Seoul has filed a complaint with the World Trade Organization over a separate move by Japan to tighten export controls on those materials.

Tokyo's decision to rescind Seoul's fast track trade status are widely seen as retaliation for recent court rulings in South Korea ordering Japanese companies to compensate Koreans who were forced to work in Japanese plants du.

The companies have not complied with the rulings, leading some victims to begin the legal process to seize or liquidate the companies™ assets in Korea.

Source : VOA

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POPULAR NEWS
Gold Falls as Potential Japan Stimulus Boosts Risk Appetite

Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors™ risk appetite, though fresh tensions over Hong Kong limited the metal™s fall. Spot gold was down 0.5% at $1,726.18 per ounce by 0512 GMT. U.S. gold futures were fell 0.5% to $1,726.60. Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains. Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programs for...

Gold Down Over Escalating U.S.-China Tensions

Gold was down in Asia on Monday morning, with escalating U.S.-China tensions continuing to impact demand for even the safe-haven asset. Gold futures slid by 0.47% at $1,727.40 by 12:26 AM ET (5:26 AM GMT), with the yellow metal unable to hold onto its gains from the previous session. Stocks, which usually move in the opposite direction to gold, were mixed with Greater Chinese stocks suffering losses on Monday. Investors risk sentiment was down on Friday after China formally tabled national...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal. Gold for June delivery on Comex fell $10.60, or 0.6%, to $1,724.90 an ounce, while July silver was up 9.7 cents, or 0.5%, at $17.79 an ounce. Gold is trading "in a scenario where investors are looking for fresh stimuli to move markets. The risk on approach...

Gold Steady As Stronger Equities Offset Political Tensions

Gold traded little changed on Tuesday as gains in equities on optimism over a reopening global economy offset support from a softer dollar and lingering tensions over Hong Kong and Venezuela. Spot gold was flat at $1,729.83 per ounce by 1253 GMT. U.S. gold futures were down 0.2% to $1,732.10. Japan™s Nikkei rose 1% to its highest since early March, while MSCI™s broadest index of Asia-Pacific shares outside Japan added 0.1% in early trade. Source : Reuters

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

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