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 surged to its highest in nearly eight years on Wednesday as rising coronavirus cases globally dented hopes of a rapid economic recovery and pushed investors. towards safe haven assets. Spot gold prices climbed 0.6% to $1,777.53 per ounce by 09:57 GMT, having earlier hit their highest since October 2012 at $1,779.06. U.S. gold futures gained 0.7% to $1,794.60. Elsewhere, palladium rose 1%...

The pound fell against the dollar and euro in early London trading on Wednesday, weighed down by uncertainty over Brexit negotiations even after global risk appetite got a boost from positive economic data as countries ease their lockdowns. For the past two days, the pound had risen against a weaker dollar, hitting a six-day high of $1.2541 at 00:07 GMT on Wednesday, before reversing course as...

Gold is on the cusp of challenging the hard-to-crack $1,800 an ounce mark, potentially opening the way for a move toward its record price, as a resurgence in coronavirus cases risks impeding the recovery of the global economy and fans demand for haven assets. Gold for August delivery rose as much as 0.6% to $1,791.80 an ounce on the Comex, the highest level since 2012, and traded at $1,785.20...

Oil edged lower in New York after an industry report signaled another increase in U.S. crude stockpiles, and as the spread of the coronavirus continued to cloud the prospects for an economic recovery. West Texas Intermediate for August delivery lost 22 cents, or 0.5%, to $40.15 a barrel on the New York Mercantile Exchange as of 1:03 p.m. Singapore time after dropping 0.9% on Tuesday. Brent for...

The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning appetite for riskier currencies. The euro is headed for its best month against the dollar since October, and inched higher to $1.1316 in the Asia session. The Australian dollar led small gains in risk-sensitive currencies, firming about...

A gauge of dollar strength headed for a third consecutive day of declines as favorable economic data boosted expectations for a faster recovery. The greenback weakened against its Group-of-10 peers after data showed that U.S. business activity shrank in June at the slowest pace in four months, indicating further improvement for the economy. Bloomberg Dollar Spot Index fell 0.2%, after dropping...

Gold is on the cusp of challenging the hard-to-crack $1,800 an ounce mark, potentially opening the way for a move toward its record price, as a resurgence in coronavirus cases risks impeding the recovery of the global economy and fans demand for haven assets. Gold for August delivery rose as much as 0.6% to $1,791.80 an ounce on the Comex, the highest level since 2012, and traded at $1,789.40...

Oil edged lower in New York after an industry report signaled another gain in U.S. crude stockpiles, and as the spread of the coronavirus continued to cloud the prospects for an economic recovery. While the API indicated a gain in nationwide stockpiles, it reported supplies at Cushing, Oklahoma, the delivery-point for U.S. futures, fell by 325,000 barrels, and gasoline inventories slid by 3.86...

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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