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Gold Firms on China-U.S. Tensions, Economic Recovery Worries

Friday, 15 May 2020 17:37 WIB GOLD EMAS

Gold rose on Friday to trade below a three-week high reached in the previous session, as cracks widened in Sino-U.S. relations and investors worried a recovery from coronavirus-induced economic slump would be slower than expected. Spot gold gained 0.2% to $1,732.01 per ounce by 0349 GMT, having hit its highest since April 23 at $1,735.96 on Thursday. U.S. gold futures rose 0.1% to $1,742.60. “It’s been clear, as more economic data is released, that some of the damage that has been done (to the global economy) would take much longer to repair than expected,” said Michael McCarthy, chief strategist at CMC Markets. It is becoming increasingly apparent that a snap-back or a V-shaped...

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RECENT NEWS

The U.S. dollar has given back some of its overnight gains in early European trade Friday, but remains in favor as risk aversion still dominates, amid rising Sino-U.S. tensions. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the...

Gold rose on Friday to trade below a three-week high reached in the previous session, as cracks widened in Sino-U.S. relations and investors worried a recovery from coronavirus-induced economic slump would be slower than expected. Spot gold gained...

Oil prices rose on Friday, extending day-earlier gains, as data showed demand for crude picking up in China after the easing of curbs to stem the coronavirus outbreak, boosting hopes that the global supply overhang may start to fade. Brent crude...

Gold rose on Friday to hover below a three-week high hit in the previous session, underpinned by talks of further U.S. stimulus and worsening U.S.-China relations. Spot gold gained 0.1% to $1,730.56 per ounce by 01:42 GMT, having touched a...

Oil prices were mixed on Friday after big gains a day earlier when the International Energy Agency (IEA) predicted crude stockpiles would start to shrink in second-half 2020 after surging while the coronavirus pandemic slashed fuel demand. Brent...

The dollar eased from a three-week high on Friday but looked set for a modest weekly gain as rising Sino-U.S. tensions and worries about a second wave of coronavirus infections rattled investors. The trade-sensitive Australian dollar poised to...

Energy

Oil moved between gains and losses in a volatile trading session, as demand continues to improve, but as doubts emerged about the timing and scale of a potential extension to the pact between OPEC

Precious Metals

Gold futures down a third straight session
Thursday, 4 June 2020 01:03 WIB
Gold futures marked a third straight session decline on Wednesday, posting their lowest settlement in more than three weeks. Strength in the U.S. stock market, as well as smaller-than-expected

CURRENCIES

The euro topped $1.12 for the first time in 11 weeks, extending the shift in the currency market amid optimism over economic reopenings across the globe. The euro traded at $1.1226 vs. $1.1168 on

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