Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest victim of the virus outside China. The country now has 104 confirmed cases of the flu-like virus and...

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RECENT NEWS

The yen on Tuesday hovered near its weakest against the dollar this year after optimism over Sino-U.S. trade negotiations boosted investors appetite for riskier assets during the previous session. Sterling spiked to its highest since Jan. 31 on reports that British Prime Minister Theresa May was considering delaying a deadline on the exit of the United Kingdom from the European Union. The...

Oil held losses below $56 a barrel after tumbling the most in four weeks as U.S. President Donald Trump tweeted that prices are too high and called on OPEC to œrelax and take it easy. Futures in New York were little changed after declining 3.1 percent on Monday. Trumps war of words with the Organization of the Petroleum Exporting Countries punctuated big price...

Crude-oil futures marked their lowest settlement in more than a week on Monday as President Donald Trump blamed OPEC for a recent resurgence in prices, calling for moderation. April West Texas Intermediate crude fell $1.78, or 3.1%, to settle at $55.48 a barrel on the New York Mercantile Exchange. It had traded as high as $57.53 early Monday amid apparent progress on U.S.-China trade talks. On...

Gold prices settled lower on Monday, pressured as a broad rally in global stocks on the back of progress in U.S.-China trade negotiations drew investor interest away from the precious metal. Futures for April delivery lost $3.30, or 0.3%, to settle at $1,329.50 an ounce, after gold on Friday booked a 0.8% weekly rise. March silver shed 8.4 cents, or 0.5%, at $15.83 an ounce, after that metal...

The greenback fell on Monday as hopes for a trade deal between the U.S. and China increased investor appetite for riskier assets such as equities and emerging market currencies and debt. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, fell 0.08% to 96.28 as of 11:00 AM ET (16.00 GMT). The dollar was up against the safe-haven yen, with...

Crude-oil futures turned sharply lower Monday morning, an about-face that energy analysts pinned on a call from President Trump to OPEC to further prevent rising prices. "Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!" Trump tweeted. Prices had firmed modestly Monday, initially keeping both benchmarks at the multimonth highs scored...

Gold gained on Monday as the dollar eased on optimism that the United States and China are nearing a deal to end their trade war while palladium set another record high on deepening supply constraints. Spot gold rose 0.1 percent to $1,329.54 an ounce at 1045 GMT and U.S. gold futures were down 0.1 percent at $1,331.70. Gold rose to a 10-month peak of $1,346.73 last week and has gained about 4...

Gold trod water as investors weighed the implications for metals and the dollar of progress in trade talks between the U.S. and China, including a decision by Donald Trump to extend a deadline to raise tariffs. Palladium hit a record, and platinum rose to the highest in three months. The U.S. has made substantial progress in the talks with China on important structural issues, the U.S....

PRECIOUS METALS
Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage...
ENERGY
Oil Prices Slide as Coronavirus Spread Beyond China Raises Demand Worries
Friday, 21 February 2020 09:23 WIB Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country,...
CURRENCIES
USD/JPY struggles around 112.00 amid fresh risk-off, Japan data
Friday, 21 February 2020 08:10 WIB USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019...

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