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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Gold futures on Monday headed higher as the dollar softened and as evidence of a rapid spread in coronavirus cases supported bullion buying to start the week. The death toll from the coronavirus pandemic surpassed 500,00 and infections topped 10 million over the weekend, according to data compiled by Johns Hopkins University researchers. Against the backdrop, August gold rose $6.80, or 0.4%,...

Sterling fell on Monday to 91.60 pence against the euro as investors shifted the focus to how Britain's government will pay for its planned big infrastructure programme, while Brexit-related risks kept pressure on the pound. Prime Minister Boris Johnson said he would double down on plans to increase public investment after Home Secretary (interior minister) Priti Patel said the government would...

Oil prices steadied on Monday, supported by improving economic data but held in check by sharp spikes in new coronavirus infections around the world that have forced some countries to impose partial lockdowns. Brent crude fell 4 cents, or 0.1%, to $40.98 a barrel by 10:31 GMT and U.S. WTI crude was up 7 cents, or 0.2%, at $38.56. Crude prices found some support as profits at Chinas...

The pound gained from broad dollar weakness on the back of news about a Chinese coronavirus vaccine, before paring the advance after Prime Minister Boris Johnson said the Covid-19 crisis has been a disaster for Britain. GBP/USD rose as much as 0.4% to 1.2390 in the first gain in four days, before paring the gain to 0.2%; the U.K. currency slipped 0.2% against the euro at 91.09 pence. Most G-10...

Gold prices are modestly higher in European trading, extending Friday's gains as real yields on U.S. Treasury bonds keep falling. New York futures are up 0.1% at $1,782.10. Gold's "main supporter is likely U.S. Treasury yields, which continued lower on Friday, powered by fears over U.S. economic growth prospects," says Jeffrey Halley at OANDA. As holding gold pays no interest, investors often...

Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand. Brent crude LCOc1 dropped 72 cents, or 1.8%, to $40.30 a barrel by 0231 GMT, while U.S. crude CLc1 was at $37.82, down 67 cents, or 1.7%. Brent crude is set to end June with a third consecutive...

Gold futures edged closer toward $1,800 an ounce -- a level last seen at the end of 2011 -- as demand for haven assets surged amid concerns over rising coronavirus infections. Bullion is heading for its best quarter since 2016 as deaths surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. The increasing numbers are a...

A firm dollar kept riskier currencies under pressure on Monday, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root. California ordered some bars to close on Sunday, following similar moves in Texas and Florida, as cases nationwide soar to record levels each day....

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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