Sterling hit a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global market swings that weakened the euro broadly. The pound has rebounded in recently after crashing amid coronavirus-driven panic in global markets last month to levels not seen in more than a decade versus the euro and since 1985 against the greenback. It climbed further versus the euro on Thursday as the single currency slid broadly on investor concerns at disagreement between euro zone governments over a rescue package for countries struggling...

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Sterling steadied against a buoyant dollar on Wednesday amid a wider selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemic. Manufacturing gauges tumbled across the globe, with Purchasing Managers' Index (PMI) surveys in Asia, the euro zone and the UK underscoring the widening damage wrought by the pandemic that has...

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor economic data due to the COVID-19 pandemic which has helped to partly support gold buying or at least limited downside for the precious metal. Earlier Wednesday, a report on private-sector employment from Automatic Data Processing Inc. ADP, -0.82%...

Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the worlds most powerful crude producers start to ramp up their output. The coronavirus pandemic has meant countries have effectively had to shut down, with many governments imposing draconian measures on the daily lives of...

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a strong dollar. U.S. gold futures gained 0.5% at $1,604.50. Gold is considered an attractive...

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the coronavirus pandemic. At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.430, up 0.3%. EUR/USD fell 0.4% to 1.0980,...

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented units, rose to 50.1 index points in March, beating the estimated rebound to 46.00 from February's...

Gold held the biggest decline in more than two weeks amid signs Chinas economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals:...

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Brent crude was down by 21 cents, or 0.8%, at $26.14 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude was up by 27 cents, or 1.3%, at $20.75 a...

PRECIOUS METALS
Gold Extends Rise After Another Surge In Jobless Claims
Thursday, 2 April 2020 20:21 WIB Gold futures gained ground Thursday, adding to an advance after another large jump in first-time jobless claims. Gold for June delivery on Comex...
ENERGY
U.S. crude oil futures up 4.8%, support at $20
Thursday, 2 April 2020 08:36 WIB U.S. crude oil futures opened 5% higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due...
CURRENCIES
Sterling Hits 3-Week High against Euro, Flat vs Dollar
Thursday, 2 April 2020 23:39 WIB Sterling hit a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global...

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