Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19. At the session low WTI hit $53.85, its lowest level since Oct. 31. This was the fourth straight day...

Read more

RECENT NEWS

Gold prices eased on Tuesday as investors sought safety in the dollar from a long-drawn U.S.-China trade war and its impact on the global economic growth. Spot gold was down 0.2 percent at $1,306.51 per ounce, as of 01:02 GMT, after falling 0.4 percent in the previous session. U.S. gold futures fell 0.1 percent to $1,310.20 per ounce. Investors are now focussed on the new round of trade talks...

The dollar held close to its 2019 high on Tuesday as U.S.-Sino trade tensions and global growth worries underpinned the greenback's safe-haven appeal, while the euro and the British pound were hurt by troubles of their own. Investors are focussing on high level trade talks in China this week where Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping...

Oil held losses below $53 a barrel as worries of a stalemate in U.S.-China trade talks fueled concerns about global growth and as America's crude inventories are expected to keep rising. Futures in New York were little changed after a 0.6 percent decline on Monday. Investors remain concerned the U.S. and China won't reach a trade deal before a March 1 deadline for new tariffs to take effect...

Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which had also suffered a drop last week. U.S. benchmark March West Texas Intermediate crude oil fell 31 cents, or 0.6%, to settle at $52.41 a barrel on the New York Mercantile Exchange, the lowest since Jan. 28. It had dropped to as low as $51.23 Monday...

Gold prices ended Monday with a loss as a leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using other currencies. As a result, April gold lost $6.60, or 0.5%, to settle at $1,311.90 an ounce. It fell 0.3% last week, but has climbed 2.9% since the end of last year based on the most-active contract as uneasy trade progress,...

The dollar jumped on Monday as concerns grew that the latest round of U.S.-China talks may not yield a deal between the world's largest economies before the March deadline. The greenback is headed for an eighth consecutive day of gains, lifted by its safe-haven appeal as investors, worried about the economic fallout from an ongoing trade war and a global economic slowdown, pile into the world's...

Gold prices retreated Monday as a leading dollar index hovered near more than one-month highs, cutting demand for investors buying precious metals using other currencies. April gold was down $7.80, or 0.6%, at $1,310.70 an ounce. It fell 0.3% last week, but has climbed 2.9% since the end of last year based on the most-active contract as uneasy trade progress, grouped with a series of global...

Crude was mixed on Monday, with signs of rising U.S. oil production and a stronger dollar pressuring prices, which saw a hefty drop last week. Leading the losses, U.S. benchmark March West Texas Intermediate crude oil US:CLG9 fell 42 cents, or 0.2%, to $52.50 a barrel, after tumbling 4.6% last week - the largest loss since the week ended Dec. 21, according to Dow Jones Market...

PRECIOUS METALS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...
ENERGY
Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand...
CURRENCIES
Dollar Rises vs Euro as European PMI Data Fails to Impress
Friday, 24 January 2020 23:32 WIB The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.