Wednesday, 01 April 2020
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Wednesday, 1 April 2020 16:27 WIB

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at $1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the previous session on a strong dollar. U.S. gold futures gained 0.5% at $1,604.50. Gold is considered an attractive investment during times of political or economic uncertainty. It is highly sensitive to  interest rates, as lower rates reduce the opportunity cost of holding the non-yielding bullion. Source : Reuters

RECENT NEWS
Dollar in Demand as Economic Damage Worsens
Wednesday, 1 April 2020 15:13 WIB | Dolar AS Indeks Dolar

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the coronavirus pandemic. At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.430, up 0.3%. EUR/USD fell 0.4% to 1.0980, while GBP/USD dropped 0.56 to 1.2353. USD/JPY climbed 0.1% to 107.61. Factory activity dropped sharply across most of Asia in March, according to the latest Purchasing Managers' Index surveys, with...

AUD/USD keeps losses after big beat on China Caixin PMI
Wednesday, 1 April 2020 09:33 WIB | AUD/USD,

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented units, rose to 50.1 index points in March, beating the estimated rebound to 46.00 from February's 40.3 by a big margin. A reading above 50 indicates expansion. So far, however, the upbeat data has failed to put a bid under the Aussie dollar. The AUD/USD pair is flashing red even though the RBA...

Gold Holds Biggest Drop in 2 Weeks on China Economy
Wednesday, 1 April 2020 09:28 WIB | EMAS

Gold held the biggest decline in more than two weeks amid signs Chinas economy may be improving, although the coronavirus pandemic remains a threat to global growth. Spot gold +0.2% to $1,580.84/oz at 9:16am in Singapore. Price -2.8% Tuesday, the biggest drop since March 13, paring the quarterly gain to 4%. Bloomberg Dollar Spot Index steady Other precious metals: Silver +0.3% to $14.0110/oz after -22% in the first quarter, Platinum steady at $723.25/oz; -25% in 1Q. Palladium -0.4% to $2,354.37/oz; +21% in 1Q, biggest quarterly gain since...

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Wednesday, 1 April 2020 09:06 WIB | Minyak WTI

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Brent crude was down by 21 cents, or 0.8%, at $26.14 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude was up by 27 cents, or 1.3%, at $20.75 a barrel. U.S. crude inventories rose by 10.5 million barrels last week, far exceeding forecasts for a 4 million barrel build-up, data from industry group the American Petroleum Institute...

Oil prices drop by more than half for the month
Wednesday, 1 April 2020 02:13 WIB | Minyak WTI Minyak Mentah

Oil futures finished modestly higher on Tuesday, but lost more than half of their value for the month of March on worries about energy demand amid restrictions set in place to avoid the spread of COVID-19. May West Texas Intermediate oil rose 39 cents, or 1.9%, to settle $20.48 a barrel on the New York Mercantile Exchange. Prices fell more than 54% for the month and over 66% for the quarter, based on the front-month contracts, according to Dow Jones Market Data. Source : MarketWatch

Gold Futures Fall Sharply for The Session, Climb for The Month
Wednesday, 1 April 2020 01:13 WIB | EMAS GOLD

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and overall losses in the stock market. June gold fell $46.60, or 2.8%, to settle at $1,596.60 an ounce. The contract, which is now the most active, was up 1.6% from its finish at $1,571.80 on Feb. 28, according to FactSet data. Source : Marketwatch

Sterling Rises as Investors Adjust Quarter-End Positions
Tuesday, 31 March 2020 23:49 WIB | Poundsterling Sterling, pound

Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile. The pound fell earlier in the day against the dollar as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus. The dollar remained bid, but positioning in the pound reversed. The British currency last traded up 0.2% at $1.2449. It rose 0.6% against the euro to 88.35 pence. Source : Reuters

Gold Heads Lower As Dollar Finds Support And Bond Yields Edge Up
Tuesday, 31 March 2020 20:18 WIB | EMAS GOLD

Gold futures head lower Tuesday morning, putting the precious metal on track for a second drop in a row as government bond yields and the US. dollar rose, pressuring precious metals that have mostly gained in the month and quarter against the backdrop of the COVID-19 pandemic. June gold on Comex was off $21.50, or 1.3%, at $1,621.87 an ounce, after falling 0.7% on Monday. For the month, gold has advanced 3.5% thus far, and is on pace for a return for the first quarter, which ends on Tuesday, of 6.5%, according to FactSet data. Trading for precious metals has been marked by concerns about...

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PRECIOUS METALS
Gold Rises 1.4% on Flight to Safety Driven by Pandemic Fears
Wednesday, 1 April 2020 16:27 WIB

Gold rose more than 1% on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot...

ENERGY
Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Wednesday, 1 April 2020 09:06 WIB

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected...

CURRENCIES
Dollar in Demand as Economic Damage Worsens
Wednesday, 1 April 2020 15:13 WIB

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the...