Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal. Earlier Wednesday, a report on private-sector employment from Automatic Data Processing Inc. ADP, -0.82% helped give gold prices a modest push higher. The report found that 27,000 jobs were lost in the month, smaller than forecasts from economists surveyed by Econoday who expected a decline of 180,000,...

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Oil steadied below $64 a barrel in New York as ongoing threats to supply from political crises were offset by disappointing indicators on the global economy. West Texas Intermediate futures gained 12 cents, bringing their gain this week to 0.2 percent. A Purchasing Managers Index, which measures private-sector activity in the euro area, unexpectedly slid in April, and German...

The GBP/USD pair quickly recovered around 20-pips and reversed a major part of its early slide to near two-week tops on upbeat UK macro data. The pair failed to capitalize on its early uptick to mid-1.3000s and met with some fresh supply amid a modest US Dollar uptick. Today's sluggish Euro-zone PMI prints reignited global growth worries and spread some fresh jitters across global financial...

Gold headed for the longest run of weekly declines in eight months amid speculation the U.S. and China are nearing a trade deal and as data eased concern over slowing global growth, hurting demand for havens. Officials are scheduling more face-to-face talks in an effort to reach an agreement by early May that Donald Trump and Xi Jinping could sign later that month, two people...

Oil prices traded near flat after the Energy Information Administration (EIA) reported the first drawdown in crude stocks in four weeks. U.S. Crude Oil WTI Futures last traded at $63.80 by 1:35 AM ET (05:35 GMT), while international Brent Oil Futures was unchanged at $71.61. The EIA also reported that gasoline inventories declined by 1.17 million barrels, compared to expectations for a draw of...

AUD/USD is currently trading largely unchanged on the day at 0.7178, having hit a high and low of 0.7198 and 0.7165, respectively, earlier today. Essentially, the pair is lacking a clear directional bias for the second day - the spot created a doji-like candle yesterday. The Aussie dollar had picked up a bid at 02:00 GMT on the back of upbeat Aussie jobs report. The pair, however, failed to...

Gold headed for the longest run of weekly declines in eight months amid speculation the U.S. and China are nearing a trade deal and as data eased concern over slowing global growth, hurting demand for havens. Spot gold as much as -0.2% to $1,271.94/oz, lowest since Dec. 27, and trades at $1,272.50 at 10:01am in Singapore. Metal -1.4% this week, poised for fourth straight week of...

Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a...

The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost. The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous day. The single currency has steadily recovered from a recent low of $1.1183 plumbed at...

PRECIOUS METALS
Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIB Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor...
ENERGY
Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Wednesday, 1 April 2020 09:06 WIB Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global...
CURRENCIES
Dollar in Demand as Economic Damage Worsens
Wednesday, 1 April 2020 15:13 WIB The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe...

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