Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of the coronavirus. Sterling was last down 1.5% at $1.2205, having fallen earlier to its weakest level since Tuesday at $1.2243. Against the euro, it fell 0.8% to 88.32 pence. Kit Juckes, macro strategist at Societe Generale, said the decline in the pound on Friday was exacerbated by low market liquidity for the currency as those traders still working have concentrated their attention...

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Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesnt entirely reveal the extent of the damage of coronavirus business shutdowns. Fridays nonfarm-payrolls report from the Bureau of Labor Statistics will indicate how many workers the U.S....

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply. Brent crude LCOc1 futures were up 9.3%, or $2.79, at $32.73 a barrel by 10:14 GMT. Brent soared as much as 47% on Thursday for its highest intraday percentage gain on record. It closed 21% up, still about half the $66 at which it was trading at the end of...

Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus. Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined nearly 0.5% so far this week after an 8% jump in the previous week. U.S. gold futures dropped...

The dollar was in demand in early trading in Europe on Friday, as investors sought safety following the dire U.S. unemployment figures which illustrated the extent of the economic fallout from the coronavirus pandemic. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, rose above 100 for the first time in over a week to stand at...

Gold inched down on Friday after rising 1.4% in the previous session as the U.S. dollar firmed, but record high weekly U.S. jobless claims filings kept a check on bullions downside. Spot gold eased 0.1% to $1,610.64 per ounce by 0037 GMT. U.S. gold futures slipped 0.1% to $1,635.50. The metal was down over 0.4% for the week after an 8% jump in the previous week. The dollar was up 0.1%...

Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production. Brent crude futures fell 3%, or 9 cents, to $29.05 as of 0127 GMT, after having soared 21% on Thursday. U.S. West Texas Intermediate (WTI) crude futures...

The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic. The gains consolidate the dollars strength after a topsy-turvy end to last month, which had the dollar soaring in a scramble for cash, then slumping as the U.S. Federal Reserve flooded the market with...

Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." Trump later tweeted that the cut could be as high as 15 million barrels....

PRECIOUS METALS
Gold Bounces Around As Investors Key In On Friday Jobs Report
Friday, 3 April 2020 20:04 WIB Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some...
ENERGY
Oil futures pare record gains as doubts creep in on Trump's Saudi-Russia output deal
Friday, 3 April 2020 09:15 WIB Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a...
CURRENCIES
Sterling Drops as British Firms Suffer Record Slump
Friday, 3 April 2020 23:26 WIB Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households...

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