Thursday, 28 March 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 Shares Close with Healthy Gains
Thursday, 28 March 2024 15:36 WIB

Hong Kong stocks rose Thursday, tracking a record day on Wall Street, thanks to a rally in tech giants such as Alibaba and JD.com, while investors awaited the release of key US inflation data. The Hang Seng Index gained 0.91 percent, or 148.58 points, to 16,541.42. The Shanghai Composite Index...

ECONOMY
Australian Retail Sales Moderate in February, Missing Estimates
Thursday, 28 March 2024 08:06 WIB

Australian retail sales moderated in February despite Taylor Swift-driven demand, as households remained cautious about their finances with inflation still elevated and interest rates at a 12-year high. Sales rose 0.3% from the prior month, falling short of an estimated 0.4% gain, Australian...

GOLD CORNER
Wall Street and Main Street See Green Lights For Gold Prices This Week
Monday, 11 March 2024 12:18 WIB

After last Friday's all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell's milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and...

COMMODITY
Oil Prices Advance as Investors Reassess US Inventories Data
Thursday, 28 March 2024 15:43 WIB

Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. Brent crude futures for May were up 40 cents, or 0.5%, at $86.49 a barrel while the more actively traded...

FISCAL & MONETARY
Bank of England Sees Economy 'Moving in Right Direction' for Rate Cuts
Thursday, 21 March 2024 19:28 WIB

Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said as two of his colleagues dropped their vote a rate hike. The BoE's interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
07.00 AUD MI Inflation Expectations 4.5% 4.3%
07.30 AUD Retail Sales m/m (AUD) 1.1% 0.3%
07.30 AUD Private Sector Credit m/m 0.5% 0.5%
14.00 GBP Current Account (GBP) -18.5B -21.2B
14.00 GBP Final GDP q/q (GBP) -0.3% -0.3%
MARKET CHART
Loco Gold Daily Chart (LGD)