Friday, 19 April 2024
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GLOBAL
US Sanctions Companies Linked to Gold Trade to Fund Wagner Fighters
Wednesday, 28 June 2023 17:23 WIB

The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...

MARKET UPDATE
Tokyo's Nikkei Drops Over 1,000 Points, Most in 3 Years
Friday, 19 April 2024 13:28 WIB

Tokyo's key Nikkei index suffered its largest drop in more than three years Friday, following reports that Israel carried out strikes on Iran and after US tech stocks fell. The benchmark Nikkei 225 index ended down 2.66 percent, or 1,011.35 points, to 37,068.35, marking its largest fall in points...

ECONOMY
U.K. Retail Sector Posts Weaker March Sales Than Expected
Friday, 19 April 2024 13:17 WIB

Retail sales were flat last month in the U.K., limiting the boost to wider economic growth at the start of the year. Total sales volumes were no higher in March than in February, according to figures released Friday by the Office for National Statistics. This was a weaker reading than had been...

GOLD CORNER
Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility
Monday, 15 April 2024 13:10 WIB

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...

COMMODITY
Gold Surges With Metals as Middle East Tensions Rock Markets
Friday, 19 April 2024 10:52 WIB

Gold surged close to a new record high as intensifying concerns about conflict in the Middle East pushed investors to the traditional safe haven. Spot bullion rose as much as 1.6% before paring gains after US officials said Israel had struck targets in Iran, raising the risk of a wider...

FISCAL & MONETARY
BoE's Bailey Says Latest Inflation Fall in Line with Forecasts
Thursday, 18 April 2024 00:10 WIB

British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be,"...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.30 JPN National Core CPI y/y 2.8% 2.6%
13.00 EUR German PPI m/m -0.4% 0.2%
13.00 GBP Retail Sales m/m (GBP) 0.1% 0.0%
19th-20th CHN Foreign Direct Investment ytd/y -19.9%
MARKET CHART
Loco Gold Daily Chart (LGD)