Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from China™s coronavirus epidemic that eclipsed Beijing™s stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest victim of the virus outside China. The country now has 104 confirmed cases of the flu-like virus and...

Read more

RECENT NEWS

Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll from the outbreak topped 900 and WHO Director-General...

Gold prices steadied on Monday in Asia despite the release of a stronger-than-expected U.S. employment report. Gold Futures for April delivery inched up 0.1% to $1,574.20 by 1:45 AM ET (05:45 GMT). The latest U.S. employment situation report from the Labor Department showed the key non-farm payrolls figure came in up 225,000, compared to the expected 160,000. The yellow metal traded mildly...

Oil prices edged down on Monday but held recent ranges as traders assessed China's oil demand following the coronavirus outbreak and awaited a decision by major producers to cut output further to balance markets. Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world's largest oil importer and fueled concerns of excess supplies. Brent crude...

AUD/USD continues to trade in the green following a better-than-expected China inflation data for the month of January China's inflation, as represented by the consumer price index (CPI), rose 1.4% month-on-month in January, beating the estimate of 0.8% and up from December's unchanged reading. The annualized reading came in at 5.4%, beating the expectations for a 4.9% rise. Meanwhile,...

Gold climbed for a fourth straight day as investors weighed the unfolding coronavirus crisis, including a blunt warning from the head of the World Health Organization about the potential for more cases beyond China. Prices rose as the global death toll from the outbreak topped 900 and the WHO Director-General Tedros Adhanom Ghebreyesus voiced concern over the spread from people...

Oil extended its worst weekly run since 2018 as hopes for an extraordinary OPEC+ meeting diminished while the outlook for a peace deal in Libya improved. Futures in New York dropped below $50, after posting a fifth weekly decline last week. OPEC+ ministers are unlikely to hold an extraordinary early meeting to discuss the impact of the coronavirus on oil markets, but a...

OPEC is learning that the Russians, and not the Saudis, might be the real power at the cartel. Oil prices posted a fifth-straight weekly loss after Moscow said it needed more time to consider deeper production cuts proposed by OPEC to deal with the collapse in energy demand from the coronavirus crisis. Brent, the London-traded benchmark for crude oil, settled down 46 cents, or 0.9%, at $54.47...

Gold prices held rock-steady above the $1,500 level critical to market longs as futures of the yellow metal posted the first weekly loss in seven on Friday after profit-taking on the recent run-up fueled by the coronavirus scare. Gold futures for April delivery on New Yorks COMEX settled up $3.40, or 0.2%, at $1,573.40 per ounce, gaining for a third day in a row. But on a weekly basis, April...

PRECIOUS METALS
Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage...
ENERGY
Oil Prices Slide as Coronavirus Spread Beyond China Raises Demand Worries
Friday, 21 February 2020 09:23 WIB Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country,...
CURRENCIES
USD/JPY struggles around 112.00 amid fresh risk-off, Japan data
Friday, 21 February 2020 08:10 WIB USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.