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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A gauge of the dollar advanced for a third day, supported by quarter-end demand and concern over the record number of new U.S. coronavirus cases. Treasuries advanced after the number of new U.S. cases exceeded 37,000 on Thursday. Texas paused reopening while Houston's intensive-care wards reached capacity. The Bloomberg Dollar Spot Index climbed 0.1%; 10-year Treasury yields fell one basis...

Gold headed for a third weekly advance, the longest such stretch since January, as a spike in coronavirus cases in some U.S. states raised concerns over the trajectory of economic recovery. The pandemic is tearing through the U.S. heartland, setting records for hospitalizations and forcing businesses to rethink their plans to reopen as new modeling predicts the virus will kill 180,000 Americans...

Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite surges in coronavirus infections in some U.S. states and indications of a revival in U.S. crude production. U.S. West Texas Intermediate (WTI) crude futures gained 15 cents, or 0.4%, to $38.87 at 00:09 GMT but were on track for a slight drop for the...

Oil futures settled higher on Thursday after posting two consecutive sessions of declines, but worries about the daily rate of increase in new coronavirus cases in the U.S. and other countries is taking a toll on expectations for demand for crude and keeping prices lower for the week. Some improvement in U.S. economic data and comments from a White House officials helped to calm traders...

Gold futures fell on Thursday to tally a second loss in a row, with dollar-denominated prices for the metal pressured by strength in the U.S. dollar. Gold continued to ease back after posting a settlement earlier this week at its highest since 2012, but expectations surrounding a rise in new cases of COVID-19, and the potential for another round of shutdowns to avoid the spread, kept prices for...

Gold prices edged higher on Thursday as a spike in coronavirus cases dented demand for riskier assets, although gains were capped by rival safe-haven buying of the dollar. Spot gold was up 0.1% at $1,763.29 per ounce. U.S. gold futures eased 0.1% to $1,773.70.In other precious metals, palladium fell 1.2% to $1,841.62 per ounce, platinum was flat at $799.88 and silver rose 0.8% to $17.66. Gold...

Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories and worries that a rapid resurgence in Covid-19 cases could choke a revival in fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 57 cents, or 1.5%, to $37.43 per barrel on Thursday, after dropping $2.36 on Wednesday. Brent crude futures...

Gold held near the highest level in more than seven years as a resurgence in coronavirus cases in multiple U.S. states spurred a flight from riskier assets and lifted haven demand, with the dollar also getting a boost, capping gains in the precious metal. U.S. futures dipped and Treasuries held gains, while Asian stocks dropped after signs of a worsening outbreak across the U.S, with...

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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