The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against a basket of currencies, the dollar rose less than 0.1%, to 97.249 at 13:53 GMT. Friday saw its...

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Oil rose after its best quarter in almost three decades following a report pointing to the first drop in U.S. crude stockpiles since May. Futures in New York climbed toward $40 a barrel after closing down 1.1% on Tuesday. The industry-funded American Petroleum Institute said that inventories shrunk by 8.16 million barrels last week, according to people familiar with the data. That...

Gold prices edged higher on Wednesday, hovering near an eight-year high, as a spike in COVID-19 infections in the United States assuaged hopes of a swift economic rebound, pushing investors towards the safety of bullion. Spot gold edged up 0.1% at $1,782.21 per ounce by 0115 GMT, after hitting its highest since early October 2012 at $1,785.46 in the previous session. U.S. gold futures eased...

The dollar held onto gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic. The euro was hemmed into a narrow range as traders awaited data on Germanys manufacturing sector, retail sales, and the jobless rate to gauge the health of the eurozone economy. A surge...

Oil rose after its best quarter in almost three decades following a report pointing to the first drop in U.S. crude stockpiles since May. Futures in New York climbed toward $40 a barrel after closing down 1.1% on Tuesday. The industry-funded American Petroleum Institute said that inventories shrunk by 8.16 million barrels last week, according to people familiar with the data. That...

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil...

Gold futures settled above $1,800 an ounce on Tuesday, the first time for a most-active contract since 2011. Prices for the haven metal continued to find support on the heels of uncertainty over a recovery in the economy, ending the quarter 12.8% higher and trading up by more than 18% for the first half of the year, according to Dow Jones Market Data. "With a potent combination of low rates,...

Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70...

A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for. The common currency lost further ground against the dollar in morning trading after underlying price pressures dropped again in the euro zone,...

PRECIOUS METALS
Gold flat as virus fears offset gains in equities
Friday, 3 July 2020 17:11 WIB Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from...
ENERGY
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh
Friday, 3 July 2020 18:59 WIB Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery...
CURRENCIES
Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.
Friday, 3 July 2020 22:04 WIB The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs...

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