The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister Scott Morrison's conservative coalition, though mixed global stocks broadly weighed on risk appetite. The Aussie was last up 0.9% at $0.6926, having bounced from a four-month trough of $0.6865. It was briefly quoted as high as $0.6990 but dealers said that was a miss-hit and the actual transacted peak was $0.6938. The pound recouped some losses after posting its biggest weekly drop in six months last week, edging 0.2% higher at $1.2736 and 0.1%...

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Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar. June gold on Comex was off $9.50, or 0.7%, at $1,276.70 an ounce. Prices were headed for the lowest most-active contract finish since May 2, according to FactSet data. Declines leave the metal headed for a roughly 0.8% loss for the week. Among other metals,...

The U.S. dollar neared a two-year high on Friday as the White House delayed auto tariffs, while trade tensions with China increased demand for safe-haven assets amid an equity selloff. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, was up 0.1% to 97.787 as of 10:16 AM ET (14:16 GMT). The White House confirmed that it is delaying...

Brent oil headed for its biggest weekly gain since mid-February as OPEC and its allies gather this weekend to consider output policy and political tensions in the Persian Gulf escalate. Futures have added 3.5% in London this week. Saudi Arabia, Russia and other major producers in the OPEC+ coalition will assemble in Jeddah over the next few days, while U.S. sanctions squeeze exports...

Gold held recent declines as improved U.S. economic data boosted the dollar, leaving bullion little changed for the week despite ongoing trade concerns. Other precious metals extended weekly drops. After reaching a one-month high on Tuesday, gold has failed to hold those gains as the greenback climbed to the highest in three weeks. In the continuing trade spat, China signaled a lack of...

The British pound was hovering just above a four-month low early Friday in Europe, as fears about Brexit returned to haunt the currency after a month of relative calm. At 03:00 AM ET (07:00 GMT), sterling was at $1.2786, and had fallen to 1.1432 against the euro, on concerns that the U.K. may yet leave the EU without any sort of arrangements in place to cushion the transition. The pound...

PRECIOUS METALS
Gold Holds Weekly Drop as Dollar Steadies Amid Trade
Monday, 20 May 2019 15:50 WIB Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot...
ENERGY
Oil Jumps as OPEC Signals Continued Cuts and U.S. Threatens Iran
Monday, 20 May 2019 08:51 WIB Oil started the week strong after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year,...
CURRENCIES
Aussie Set For Biggest Rise in 2019 After Shock Election Win
Monday, 20 May 2019 16:00 WIB The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister...

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