Gold dipped as Treasury yields rose after resuming trading on Tuesday following a US public holiday, with markets also focusing on divided views for the rate outlook in Europe. Money markets wagered that the European Central Bank will keep rates higher-for-longer, even as Governing Council member Mario Centeno warned his colleagues that there’s a risk of raising them…
Oct 18 2024, 12:22 Gold price gains positive traction for the fourth successive day and jumps to a fresh all-time peak. Major central banks remain in rate-cut mode and continue to benefit the non-yielding XAU/USD. Middle East tensions and the US political uncertainty provide an additional boost to the commodity. Gold price (XAU/USD) prolongs its…
World oil prices weakened again as the market began to worry about a global oversupply. Recent data showed that the volume of crude oil shipped by sea reached a record high, indicating that producers continue to increase volumes even as demand begins to slow. This has fueled concerns that the market will be flooded with…
Oct 21 2024, 14:11 Oil gained – after losing almost 8% last week – as traders tracked tensions in the Middle East that pose a potential threat to supplies, and China moved to beef up aid for the economy in the largest importer. Global benchmark Brent rose above $73 a barrel, while West Texas Intermediate was near $70. On Saturday,…
China’s consumer prices rose at a faster-than-expected rate in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector in the face of a sputtering economic recovery. The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports at a time of soft…
USD/JPY melanjutkan kenaikan beruntun yang dimulai pada hari Jumat (1/9), diperdagangkan di sekitar level 146,60 selama sesi Asia pada hari Selasa. Pasangan ini mengalami dukungan ke atas meskipun pasar berhati-hati setelah data ketenagakerjaan Amerika Serikat (AS) yang moderat karena kemungkinan tidak adanya penyesuaian suku bunga oleh Federal Reserve (Fed) AS pada pertemuan bulan September. Selain…
