Gold prices were little changed on Monday morning as traders remained cautious amid the continuous economic turmoil. Gold Futures was up by 0.04% at $1,646.3 by 9:26 PM ET (2:26 AM GMT). Three Swiss refineries in Ticino, Europe's biggest gold refiner, announced yesterday that they received permission to run their factories on a limited basis. The announcement will ease the supply tightness caused by the COVID-19-induced lockdowns and transport halts. Meanwhile, the U.S. Bureau of Labor Statistics announced a 701,000 reduction in non-farm payrolls, compared to analyst predictions of a...

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Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a strong dollar. U.S. gold futures gained 0.5% at $1,604.50. Gold is considered an attractive...

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 economic slowdown as the region tries to combat the coronavirus pandemic. At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.430, up 0.3%. EUR/USD fell 0.4% to 1.0980,...

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented units, rose to 50.1 index points in March, beating the estimated rebound to 46.00 from February's...

Gold held the biggest decline in more than two weeks amid signs Chinas economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals:...

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Brent crude was down by 21 cents, or 0.8%, at $26.14 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude was up by 27 cents, or 1.3%, at $20.75 a...

Oil futures finished modestly higher on Tuesday, but lost more than half of their value for the month of March on worries about energy demand amid restrictions set in place to avoid the spread of COVID-19. May West Texas Intermediate oil rose 39 cents, or 1.9%, to settle $20.48 a barrel on the New York Mercantile Exchange. Prices fell more than 54% for the month and over 66% for the quarter,...

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile. The pound fell earlier in the day against the dollar as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus. The dollar remained bid, but positioning in the pound reversed. The British...

PRECIOUS METALS
Gold in "Wait and See Mode" as Traders Await More News
Monday, 6 April 2020 10:02 WIB Gold prices were little changed on Monday morning as traders remained cautious amid the continuous economic turmoil. Gold Futures was up by 0.04%...
ENERGY
Oil drops over $1 on oversupply after OPEC+ delays meeting
Monday, 6 April 2020 09:18 WIB Oil prices slipped more than $1 a barrel on Monday, after the world's top producers delayed a meeting to discuss output cuts that could partly...
CURRENCIES
Pound down after coronavirus-stricken Johnson taken to hospital for tests
Monday, 6 April 2020 08:29 WIB The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing...

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