Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of Daegu, the country's fourth-largest city, were deserted on Thursday after dozens of people there went down with the pathogen in what...

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Gold traded around $1,300 an ounce, holding most of Fridays advance, at the start of a potentially important week for global trade and U.S. monetary policy. After trading in a narrow range since the start of the year, the metal jumped to a seven-month high Friday as the dollar weakened. This week, Chinese President Xi Jinpings top economic aide will meet with the U.S. trade...

The pound drifted lower on Monday after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament that will aim to break a Brexit deadlock. Lawmakers earlier this month rejected Prime Minister Theresa May's EU withdrawal agreement, which included a nearly two-year transition period to help minimize...

Futures in New York fell as much as 0.9 percent after climbing 2.1 percent over the previous three sessions. The number of rigs targeting oil rose by 10 to 862, data from oilfield-services provider Baker Hughes showed, as this years rising crude prices buoyed optimism. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washingtons...

Gold held above $1,300 an ounce before a pivotal round of trade talks between the U.S. and China this week and the Federal Reserves policy meeting, after which chairman Jerome Powell is scheduled to hold a news conference. Spot gold -0.3% to $1,302.04/oz at 9:49am in Singapore. Prices as much as +1.9% on Friday to touch $1,305.44, highest intraday level since June 14....

The dollar was down on Monday, not far off more than one-week lows as financial markets shifted their attention to this week's Federal Reserve rates-setting review with traders wagering policymakers would signal a pause to their tightening cycle. The Federal Open Market Committee meets between Jan 29-30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to the U.S....

Oil fell to near $53 a barrel as a standoff between the U.S. and Venezuela eased, while Americas rig count rose signaling further gains in the nations crude production. Futures in New York dropped as much as 0.9 percent after a three-day surge of 2.1 percent. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washingtons decision...

Oil futures rose on Friday, finding support from uncertainty over supplies tied to political turmoil in Venezuela, but prices still finished the week lower, partly pressured by worries over energy demand. March West Texas Intermediate oil rose 56 cents, or 1.1%, to settle at $53.69 a barrel on the New York Mercantile Exchange, with the contract down about 0.7% for the week, FactSet data...

Gold futures rose on Friday to tally a gain of more than 1% for the week, buoyed by a sharp decline in the U.S. dollar. Adrian Ash, director of research at BullionVault, said "geopolitical risk isn't backing off." April gold settled at $1,304.20 an ounce, up $18.30, or 1.4% for the session. The contract last settled above $1,300 on Jan. 16, according to Dow Jones Market Data. Source :...

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 Falls as Coronavirus Spread Beyond China Heightens Demand Fears
Friday, 21 February 2020 13:11 WIB Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood...
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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