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Oil Down Over Oversupply Fears

Tuesday, 30 June 2020 13:45 WIB Minyak WTI Brent

Oil was down on Tuesday morning in Asia, giving up its gains from the previous session as demand worries dampened investor sentiment. Libya's state oil company National Oil Corporation said overnight that it was making progress on talks with neighboring countries to lift an export blockade, leading to fears of an oversupply in the midst of fragile demand. The country makes up around 1% of global oil supply. Demand recovery has been hit by ever-increasing COVID-19 numbers, with global cases topping 10.2 million as of June 30, according to Johns Hopkins University data. Brent oil futures  dropped 0.38% to $41.69 by 1:05 AM ET (05:05 AM GMT) while  WTI futures slid 0.53% to...

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Gold Up Over Rising COVID-19 Numbers

Tuesday, 30 June 2020 13:37 WIB GOLD EMAS

Gold was up on Tuesday morning in Asia and looked set to close the second quarter of the year with its biggest quarterly advance since 2016. Gold futures were up by 0.11% at $1,783.15 by 1:16 AM ET (6:16 AM GMT). Investors looked to the safe-haven...

The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of...

Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak, which shows no signs of abating. Bullion rose as the World Health Organization warned that the...

Oil edged lower in Asia after jumping the most in almost two weeks on Monday as better-than-expected U.S. housing data countered fears that a surge in virus cases would hamper the country’s economic recovery. Futures in New York traded near $39 a...

Oil futures climbed on Friday, with U.S. prices up by more than 3%, finding support from some recovery in energy demand, even as that recovery is threatened by the possibility of another round of shutdowns as cases of COVID-19 surge in parts of the...

Gold futures settled with a modest gain Monday, with prices on track to end the month, as well as the first half of the year, higher. "There is still some safe-haven demand underpinning the yellow metal amid heightened concerns about the COVID-19...

Energy

Oil rises slightly ahead of OPEC+ meeting
Wednesday, 15 July 2020 02:09 WIB
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United

Precious Metals

Gold Holds Gain, Silver Rallies on Weaker Dollar
Wednesday, 15 July 2020 17:20 WIB
Gold held a two-day advance and silver extended gains as the dollar weakened, making havens like precious metals more appealing even amid optimism over a coronavirus vaccine. Moderna Inc.’s

CURRENCIES

Risk sentiment was upbeat in currency markets on Wednesday, as signs of progress towards a COVID-19 vaccine and a Wall Street equities rebound on Tuesday pushed commodity currencies higher and the

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