Thursday, 27 February 2020
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Thursday, 27 February 2020 20:17 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. Spot gold rose 0.6% to $1,648.63 per ounce. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. Governments ramped up measures on Thursday to battle the coronavirus as the number of infections outside China, the source of the outbreak, for the first time surpassed those...

RECENT NEWS
Gold Pops as Virus Concerns Ignite Global Stampede Into Havens
Friday, 21 February 2020 16:59 WIB | EMAS GOLD

The stars have aligned for gold as concerns the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary policy combine to trigger a powerful global hunt for havens. Bullion headed for the biggest weekly gain in more than six months as prices hit a seven-year high. With bond yields in retreat and real U.S. interest rates sinking further into negative territory, gold-backed exchange-traded fund have posted a record run of inflows and stand at the most ever. Spot gold climbed 0.8% to $1,632.67 per ounce, the highest since Feb. 2013, and was at...

EUR/USD Jumps Above 1.08 as German Manufacturing PMI Beats with 47.8
Friday, 21 February 2020 15:49 WIB | EUR/USD EuroDolar Euro DOLLAR

Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 “ reflecting ongoing albeit slower contraction in the eurozone's largest economy's industrial sector. Nevertheless, the rise from the lows “ despite growing fears of the coronavirus disease “ is boosting the euro. The services PMI dropped to 53.3 points, below 53.8 estimated by economists. These forward-looking surveys have been showing a significant gap between the sectors for a considerable time. Markit has noted...

Gold Rises, Set For Best Week in Over a Month as Virus Rapidly Spreads
Friday, 21 February 2020 13:43 WIB | EMAS GOLD

Gold prices hit their highest in seven years on Friday and were set to post their best week in one-and-a-half months, as demand for the safe-heaven asset was boosted by a surge in new coronavirus cases in South Korea. South Korea reported 52 new cases of the virus, taking the national total to 156, while Japan reported the first fatalities from aboard a cruise ship that accounts for the biggest cluster of infections outside China. Spot gold rose 0.4% to $1,625.05 per ounce by 0409 GMT, after hitting its highest since Feb. 2013 at $1,626.27 earlier in the session. For the week, prices have...

Oil Falls as Coronavirus Spread Beyond China Heightens Demand Fears
Friday, 21 February 2020 13:11 WIB | Crude Oil Oil, brent oil Minyak WTI

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of Daegu, the country's fourth-largest city, were deserted on Thursday after dozens of people there went down with the pathogen in what...

Gold Steady Near 7-Year Peak as Persistent Virus Fears Dampen China Stimulus
Friday, 21 February 2020 09:31 WIB | GOLD EMAS

Gold prices held steady at a near seven-year high on Friday as nervous investors opted for safe haven assets amid fears about the economic damage from Chinas coronavirus epidemic that eclipsed Beijings stimulus efforts. Spot gold was little changed at $1,619.33 per ounce by 0108 GMT. In the previous session, bullion prices had hit a seven-year high at $1,623.45. U.S. gold futures were up 0.1% to $1,622.60. Daegu, a city of 2.5 million people in South Korea, has become the latest victim of the virus outside China. The country now has 104 confirmed cases of the flu-like virus and...

Oil Prices Slide as Coronavirus Spread Beyond China Raises Demand Worries
Friday, 21 February 2020 09:23 WIB | Minyak WTI brent oil Oil, Crude Oil

Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market. Brent crude was down 24 cents, or 0.4%, at $59.07 a barrel by 0155 GMT, while U.S. crude was off by 25 cents, or 0.5%, at $53.63 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of the country's fourth-largest city were deserted on Thursday after dozens of people there went down...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data
Friday, 21 February 2020 08:10 WIB | Dolar AS USD/JPY,

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals at home. Not only the Asian economys sustained failures to reach 2.0% target inflation but the disappointing figures of the fourth quarter (Q4) GDP also raised doubts on the JPYs safe-haven status. While identifying this, the International Monetary Fund (IMF) recently pushed the BOJ...

Oil posts 6th positive session in 7 on smaller-than-expected inventory build
Friday, 21 February 2020 03:09 WIB | Minyak Brent Minyak Mentah Minyak WTI

Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China. Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with expectations of a 2.5 million barrel rise from analysts in a Reuters poll. Brent crude rose 47 cents, or 0.8%, to $59.59 per barrel. The front-month U.S. West Texas Intermediate crude futures contract, which expires Thursday, gained 49 cents, or 0.9%, to...

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PRECIOUS METALS
Gold Gains on Virus Spread, Rate Cut Hopes
Thursday, 27 February 2020 20:17 WIB

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium...

ENERGY
Oil Falls For Fifth Day on Demand Concerns as Coronavirus Spreads
Thursday, 27 February 2020 18:39 WIB

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global...

CURRENCIES
Euro, Pound Gain Ahead of Trade Talks; U.S. Dollar Slips on Virus Worries
Thursday, 27 February 2020 16:01 WIB

The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR/USD pair and the GBP/USD pair rose 0.3% and 0.2% respectively by...