The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment. Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A total of 571 cases have now been confirmed and Chinese state media reported overnight that transport to and from the city of Wuhan in central China, where the outbreak originated, is to be shut from 0200 GMT. The Japanese yen, seen as a haven by virtue of Japan™s position as the world™s largest creditor,...

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Gold rose after a report that tariffs on billions of dollars of Chinese goods will likely stay in place until after the U.S. presidential election. Palladium surged above $2,200 an ounce to a record. Spot gold +0.4% to $1,552.42/oz at 1:14pm in Singapore; -1% in previous two days. Bloomberg Dollar Spot Index steady. Washington and Beijing have...

Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world's biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the tariffs would remain even as a trade deal is set to be signed on Wednesday. That...

Gold steadied as investors weighed a report that tariffs on billions of dollars of Chinese goods will likely stay in place until after the presidential election. Palladium surged above $2,200 an ounce to a record. Spot gold +0.2% to $1,549.47/oz at 8:56am in Singapore; -1% in previous two days. Bloomberg Dollar Spot Index steady. Washington and Beijing have...

The safe-haven yen held firm and riskier Asian currencies softened a little on Wednesday, as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is aimed at drawing a line underneath 18 months of tit-for-tat tariff hikes that have hurt global growth. But hopes that it may herald warmer relations between the worlds top two economies were...

Oil futures edged higher on Tuesday, scoring their first climb in six sessions, as worries about potential global supply disruptions continued to ease but geopolitical risks remained. Traders will now focus on weekly U.S. petroleum supply data due later Tuesday from the American Petroleum Institute and from the Energy Information Administration early Wednesday. On average, the EIA is expected...

Gold futures marked a second session decline on Tuesday, settling at their lowest since Jan. 2, with strength in the U.S. stock market and a phase one U.S.-China trade deal expected to be signed this week, dulling haven demand for the metal. February gold lost $6, or 0.4%, to settle at $1,544.60 an ounce. Source: Marketwatch

Gold slipped to an over one-week low on Tuesday as strength in equities markets and hopes for a smooth signing of the U.S.-China Phase 1 trade deal tarnished bullions safe-haven appeal, while palladium rose to a record high. Spot gold dipped 0.38% to $1,542.23 per ounce. Earlier, prices fell to their lowest since Jan. 3 at $1,535.63. U.S. gold futures dropped 0.5% to $1,542.9. Source :...

Oil prices rose above $64.50 a barrel on Tuesday, snapping four straight days of declines on easing Mideast tensions as the United States and China, the world's top energy consumers, prepared to sign a preliminary trade deal. Brent crude gained 43 cents, or 0.67%, at $64.63 per barrel by 10:36 GMT. U.S. West Texas Intermediate crude futures rose 32 cents or 0.4% at $58.40 a barrel. The outlook...

PRECIOUS METALS
Gold finishes lower as worries over China virus ebb
Thursday, 23 January 2020 02:03 WIB Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities...
ENERGY
Oil falls nearly 3% as over-supply concerns weigh
Thursday, 23 January 2020 02:52 WIB Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed...
CURRENCIES
Yen firm over China virus concern; Aussie jumps on jobs data
Thursday, 23 January 2020 08:24 WIB The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while...

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