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
Hong Kong Stocks Open with Losses
Friday, 19 April 2024 08:45 WIB

Hong Kong stocks sank at the open on Friday morning as traders fret over the rumbling crisis in the Middle East and the prospect that the Federal Reserve will not cut interest rates as much as hoped this year. The Hang Seng Index fell 0.85 percent, or 139.53 points, to 16,246.34. The Shanghai...

ECONOMY
US Applications for Unemployment Benefits Held Steady at 212,000
Thursday, 18 April 2024 19:44 WIB

Initial applications for US unemployment benefits remained subdued last week, consistent with a healthy job market. Initial claims held at 212,000 in the week ended April 13, according to Labor Department data released on Thursday. The median forecast in a Bloomberg survey of economists...

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)