Gold (XAU/USD) continued its decline for a second day and held near the 100-day moving average (MA) support area, which was tested earlier this week. The technical bias remains negative, indicating that there is still room for short-term weakness. The main pressure comes from the strengthening US dollar, as the chances of aggressive easing from…
Sep 25 2024, 09:25 Asia-Pacific markets were largely range bound on Wednesday, while futures for Hong Kong’s Hang Seng Index suggested a 4% rise for the index when trading starts. HSI futures were at 19,763, compared to the index’s last close of 19,000. Chinese markets rallied yesterday after the country’s central bank announced a slate…
Dec 19 2024, 12:59 Harga minyak turun dalam perdagangan Asia pada hari Kamis(19/12) setelah Federal Reserve AS mengisyaratkan akan memperlambat laju pemotongan suku bunga pada tahun 2025, yang dapat memperlambat pertumbuhan ekonomi dan mengurangi permintaan bahan bakar. Harga minyak berjangka Brent turun 47 sen, atau 0,6%, menjadi $72,92 per barel pada pukul 05.15 GMT. Minyak…
Oil advanced as the Middle East braced for escalating conflict after an Israeli strike on Hezbollah targets in southern Lebanon. Global benchmark Brent rose above $79 a barrel, while US marker West Texas Intermediate climbed to near $75. Israel on Sunday morning sent more than 100 warplanes to take out thousands of Hezbollah missile launchers, after which the…
Dec 9 2024, 13:10 China’s consumer inflation shrank more than expected in November as recent stimulus measures did little to offset a stubborn deflationary trend, while producer inflation also contracted. Consumer price index inflation fell 0.6% month-on-month in November, government data showed on Monday. That was lower than expectations for a 0.4% decline and worse…
Sep 12 2024, 01:47 Gold prices fell on Wednesday as the dollar and Treasury yields firmed after U.S. inflation data prompted investors to scale back expectations of an oversized rate cut from the Federal Reserve next week. Spot gold was down 0.1% at $2,513.19 per ounce at 1:46 p.m. ET (1746 GMT). U.S. gold futures…
