Tuesday, 12 November 2019
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Tuesday, 12 November 2019 12:29 WIB

Gold held near the lowest level in three months as investors awaited the next round of developments on the U.S.-China trade front and weighed a recent shift toward risk assets. President Donald Trump is due to deliver remarks at the New York Economic Club on Tuesday. Analysts will listen closely for comments on the talks with Beijing, especially after mixed messages from the White House and delayed meetings reignited concern the negotiations are stumbling. Spot gold little changed at $1,456.70/oz at 12:19pm in Singapore. Price fell to $1,448.29/oz on Monday, the lowest...

RECENT NEWS
Dollar Slides to 10-Day Low Ahead of Payroll Data
Friday, 1 November 2019 15:50 WIB | EUR/USD Poundsterling Currency DOLLAR

The dollar fell to its lowest in some 10 days in early trading in Europe amid hopes that the world economy may be bottoming out. Those hopes rested largely on a Chinese business survey by Caixin/IHS Markit, which showed the strongest improvement in operating conditions for Chinese manufacturers since February 2017. Output and new orders both expanded at steeper rates, with the latter supported by a renewed increase in export business. That contrasted sharply with a more gloomy reading from the state-compiled PMI earlier in the week, which showed continued weakness. By 4:30 AM ET, the...

Oil Set for Biggest Weekly Loss in a Month on Trade-Deal Doubts
Friday, 1 November 2019 14:03 WIB | Minyak WTI Brent

Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term trade deal between the U.S. and China suggested supply will keep outpacing demand. Futures edged higher in New York on Friday, but are down 4.1% this week. Chinese officials are warning they wont budge on the thorniest issues and are wary of President Donald Trumps impulsiveness even as the two sides get close to signing an initial agreement, people familiar with the matter said. U.S. crude inventories rose by more than forecast last week and a...

Gold Prices Drop Despite Sino-U.S. Trade Jitters, Weak Data Across Asia
Friday, 1 November 2019 13:26 WIB | EMAS GOLD

Gold prices dropped on Friday in Asia despite Sino-U.S. trade jitters and a set of weak data across Asia. Gold Futures for December delivery dropped 0.2% to $1,513.25 by 1:21 AM ET (05:21 GMT). A Bloomberg report suggested China may well resist signing a comprehensive trade deal, in part because its leaders don't trust U.S. President Donald Trumps' impulsive nature. Meanwhile, Trump said in a tweet overnight that Beijing and Washington is searching for a new venue for the singing of a phase one trade deal after Chile cancelled a summit planned for November. Source : Investing.com

Gold Heads for Third Weekly Gain Amid Trade Deal Doubt
Friday, 1 November 2019 09:46 WIB | EMAS GOLD

Gold is heading for a third straight week of gains amid renewed concerns about an interim U.S.-China trade deal, which curbed risk sentiment and stoked demand for havens. Also on investors radars are the monthly American jobs report and a read on manufacturing for October due later Friday. The data will be keenly parsed for further clues on the Federal Reserves monetary policy path after officials reduced interest rates by a quarter-percentage point Wednesday and signaled a pause in further cuts. Spot gold little changed at $1,512.65/oz at 9:10am in...

Oil Set for Worst Week in a Month on Ample Supplies, Demand Woes
Friday, 1 November 2019 09:29 WIB | Brent WTI Minyak

Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term trade deal between the U.S. and China suggested supply will keep outpacing demand. Futures edged higher in New York on Friday, but are down 4.1% this week. Chinese officials are warning they wont budge on the thorniest issues and are wary of President Donald Trumps impulsiveness even as the two sides get close to signing an initial agreement, people familiar with the matter said. U.S. crude inventories rose by more than forecast last week and a...

Dollar On Backfoot Ahead of Payrolls Data, Trade War Doubts
Friday, 1 November 2019 08:49 WIB | DOLLAR

The dollar traded near a three-week low versus the yen on Friday before a U.S. employment report expected to show a slowdown in job creation, highlighting concerns about the health of the world's largest economy. The U.S. currency also nursed losses against the euro and the pound after Bloomberg reported that Chinese officials have doubts about reaching a comprehensive long-term solution to the U.S.-Sino trade war. The U.S. Federal Reserve cut interest rates this week for the third time this year and indicated that further monetary easing is unlikely, citing several pockets of strength in...

Oil futures tally a fourth straight session decline
Friday, 1 November 2019 02:20 WIB | Minyak WTI

Oil futures finished lower on Thursday for a fourth session in a row. Weak economic data from China and continued uncertainty surrounding a potential U.S.-China trade deal fed worries about energy demand. December West Texas Intermediate oil fell 88 cents, or 1.6%, to settle at a more than one-week low of $54.18 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since Oct. 22, according to FactSet data. Source: marketwatch

Gold climbs back above $1,500 to settle at a 5-week high
Friday, 1 November 2019 01:23 WIB | EMAS GOLD

Gold futures climbed above the key $1,500 level on Thursday to mark their highest settlement in five weeks, finding haven-related support from weakness in the U.S. stock market and the dollar. A news report that said China officials have doubts over prospects for a long-term trade deal with the U.S. fed declines in U.S. stocks and haven demand for gold. Gold for December delivery on Comex rose $18.10, or 1.2%, to settle at $1,514.80 an ounce. That was the highest most-active contract finish since Sept. 26 and largest one-day dollar and percentage climb since Oct. 2. December silver gained...

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PRECIOUS METALS
Gold Holds Near Three-Month Low With Trade in Focus
Tuesday, 12 November 2019 12:29 WIB

Gold held near the lowest level in three months as investors awaited the next round of developments on the U.S.-China trade front and weighed a recent shift toward risk assets. President...

ENERGY
Oil dips for second day on lack of trade talk progress
Tuesday, 12 November 2019 08:28 WIB

U.S. oil fell for a second day on Tuesday, amid little sign of progress on U.S.-China trade talks, while Saudi Arabian crude output rose, reinforcing concerns about a glut. U.S. West Texas...

CURRENCIES
AUD/USD downed to nine-day lows near 0.6835, eyes on trade, Trump
Tuesday, 12 November 2019 11:49 WIB

The AUD/USD pair enjoyed good two-way businesses so far in Asia this Tuesday, having risen to 0.6854 highs before taking a sharp U-turn to hit fresh nine-day lows near 0.6835 region, where it now...