Friday, 05 June 2020
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Friday, 5 June 2020 19:13 WIB

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session. Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday. For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions. Source : Marketwatch

RECENT NEWS
Sterling on track for sixth week of losses against the euro
Friday, 14 June 2019 15:44 WIB | Currency Euro Sterling, Poundsterling

The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, putting sterling on course for a six-week losing streak versus the euro. Sterling has fallen in recent weeks as the contest to succeed Prime Minister Theresa May heats up. Investors are concerned that May's successor will lead Britain towards a no-deal Brexit, and they worry about how little time whoever takes over will have to try and renegotiate Mays withdrawal agreement with Brussels. The European Union has said the deal is not up...

Gold Prices Up on Rate Cut Expectations
Friday, 14 June 2019 13:39 WIB | GOLD EMAS

Gold prices gained on Friday in Asia on rate cut expectations, but gains were capped by a rebound in U.S. stocks. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.4% at $1,348.95 per ounce by 01:15 AM ET (05:15 GMT). The U.S. Federal Reserve is expected to keep rates unchanged at its meeting on June 19, but markets believe the likelihood of a rate cut before the end of the year has increased due to slowing inflation and rising trade tensions. Expectations of a cut rose further after data showed the number of Americans filing...

Oil Prices Rise After Attacks on Two Oil Tanker Ships
Friday, 14 June 2019 13:27 WIB | Minyak WTI Brent

Oil prices rose on Friday in Asia after two oil tanker ships off the coast of Iran were attacked. It wasn't clear who was responsible for the latest hit. U.S. Secretary of State Mike Pompeo accused Iran of carrying out the attacks, calling the Islamic Republic "a threat to international peace and stability". An Iranian official was quoted saying by BBC that Tehran had "nothing to do" with the attacks. U.S. Crude Oil WTI Futures were up 0.4% to $52.47 by 12:40 AM ET (04:40 GMT). International Brent Oil Futures gained 0.7% to $61.72. Oil prices were under pressure earlier this week after...

Gold Heads for Fourth Weekly Advance on Haven Demand
Friday, 14 June 2019 09:27 WIB | GOLD EMAS

Gold is poised for a fourth weekly gain as rising geopolitical tensions add to concerns that trade frictions may jeopardize global growth, boosting demand for a haven. The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. Separately, economic adviser Larry Kudlow warned Beijing may face consequences it if refuses an invitation from the U.S. to restart trade talks. Investors are also awaiting next weeks Federal Reserve meeting to see if the central bank is laying the groundwork for a possible rate cut...

Dollar Set For Weekly Gain Before Fed Meeting
Friday, 14 June 2019 08:39 WIB | DOLLAR

The dollar held steady early in Asia on Friday, and was set ot show a weekly rise as investor focus turned to next week's Federal Reserve meeting for cues on a possible interest rate cut in light of rising risks to trade and global growth. The dollar index against a basket of six rivals was basically unchanged at 97.001, and on track for a near 0.5% gain this week. The index had touched an 11-week low of 96.459 last Friday. The Federal Open Market Committee's (FOMC) two-day policy meeting is set to begin on Tuesday. With trade tensions rising, U.S. growth slowing and hiring in May...

Oil Prices Ease, But Middle East Tanker Attacks Support
Friday, 14 June 2019 08:31 WIB | Minyak WTI Brent

Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes. The attacks near Iran and the Strait of Hormuz countered concerns about global demand that had hammered prices in recent weeks, analysts said. It was the second time in a month tankers have been attacked in the world's most important zone for oil supplies, amid rising tensions between the United States and Iran. Washington quickly blamed Iran for Thursday's attacks,...

Oil Rallies After Apparent Attack on Tankers Near Strait of Hormuz, But Finish Off Session High
Friday, 14 June 2019 02:52 WIB | Minyak WTI brent oil Oil, Crude Oil

Oil futures rallied Thursday, as an attack on two oil tankers near the Strait of Hormuz raised fears of a potential disruption to the global flow of oil, but failed to recoup the previous days losses by the close. West Texas Intermediate crude for July delivery rose $1.14, or 2.2%, to end at $52.28 a barrel after tapping an intraday high of $53.45. The gains contrasted with a 4% drop that took the U.S. benchmark down to $51.14 Wednesday, the lowest front-month contract finish since Jan. 14, according to Dow Jones Market Data. August Brent crude climbed $1.34, or 2.2%, to $61.3, following a...

Gold extends advance to third straight session on Fed rate-cut view, geopolitical ripples
Friday, 14 June 2019 01:26 WIB | GOLD EMAS

Gold prices advanced Thursday, on track to notch a third straight session gain, as demand for the metal rose on expectations for an interest-rate cut by the Federal Reserve this summer. Against this backdrop, gold for August delivery on Comex rose $6.90, or 0.5%, to settle at $1,343.70 an ounce. Futures prices, which have now tallied their 11th gain out of 12 sessions, are up more than 2% month to date. The SPDR Gold Shares exchange-traded fund was trading up 0.5% Thursday. In other metals trade, July silver which serves as both a haven asset and has industrial purpose, gained 13.9 cents,...

Palladium PMI AS Mark Carney, CSI 300 Ekspor China pound Emas Bullion ekonomi Bank Sentral Australia, FOMC IndeksHang Seng China Enterprise Rusia PMI Chicago Ekonomi AS Emas berjangka Saham Berjangka AS
PRECIOUS METALS
Gold Prices Head Lower for The Day and Week as Investors Watch Jobs Report
Friday, 5 June 2020 19:13 WIB

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal. August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving...

ENERGY
Oil Prices Rise as OPEC+ Seen Setting Stage for Weekend Meeting
Friday, 5 June 2020 18:49 WIB

Crude-oil futures climbed Friday morning, supported partly by reports that major oil producers are tentatively expected to convene over the weekend to outline plans to extend productions cuts. The...

CURRENCIES
Euro in The Ascendancy on The Back of ECB Stimulus
Friday, 5 June 2020 15:37 WIB

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme. The euro rose to $1.1380 against a...