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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Gold held firm on Friday near nine-month highs touched in the previous session on the back of a pause in U.S. interest rate hikes, although optimism about a Sino-U.S. trade deal boosted risk appetite, capping gains. Spot gold was steady at $1,321.14 per ounce by 0106 GMT. Prices rose to $1,326.30, their highest since April 26 on Thursday. U.S. gold futures were little changed at $1,320.10 per...

The Australian and New Zealand dollars held steady versus the greenback on Friday, as the Federal Reserve's more dovish stance and improved prospects for a U.S.-Sino trade deal boosted investor risk appetite. On Wednesday, the U.S. central bank held interest rates steady as expected but discarded pledges of œfurther gradual increases in interest rates, and said it would be œpatient...

Oil rose after scoring its best January gain on record on signs of progress in U.S.-China trade negotiations. WTI for March delivery climbed as much as 30c to $54.09/bbl on Nymex, trades at $53.94/bbl at 9:05am in Tokyo. Contract -44c to $53.79 on Thursday. March Brent +24c to $61.89/bbl on ICE Futures Europe exchange before expiring Thursday. Brent ended session at $8.10 premium to...

U.S. benchmark oil futures settled higher on Thursday, but still finished the month with a roughly 18% gain. "Crude prices sharply reversed gains after profit taking took effect as oil was headed for its biggest January gain on record," said Edward Moya, market analyst at Oanda. "The market for the most part expected West Texas Intermediate crude to average around $60 a barrel in 2019 and the...

Gold futures settled higher on Thursday, to tally a gain of more than 3% for the month, finding support after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening. April gold settled at $1,325.20 an ounce, up $9.70, or 0.7% for the session. Based on the most-active contract, prices rose roughly 3.3% for the month, according...

The dollar fell against most major currencies on Thursday, dropping to a two-week low versus the yen, pressured by the Federal Reserve's cautious U.S. economic outlook suggesting the central bank is near the end of its tightening cycle. The Fed's dovish stance in Wednesday's policy statement took the market by surprise even though it has preached patience and balance sheet flexibility for some...

Gold futures rose sharpy higher on Thursday after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening ” a bullish development for bullion prices. The most-active April gold contract climbed 12.70, or 1%, at $1,328.30 an ounce, after settling at $1,315.50 an ounce before the Feds updated policy statements on...

Oil is headed for its biggest January gain in at least 36 years as data showed the OPEC+ coalitions output cuts starting to kick in, while a more dovish Federal Reserve boosted markets and improved the growth outlook. While futures in New York were little changed in early trading Thursday, they were set to rise almost 20 percent in January, the biggest gain of any January in...

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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