Friday, 29 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
Market Review Thursday, March 28, 2024
Friday, 29 March 2024 03:38 WIB

Nikkei Tokyo shares ended lower on Thursday after investors locked in dividend rights during the previous session. The benchmark Nikkei 225 index dropped 1.46 percent, or 594.66 points, to close at 40,168.07, while the broader Topix index lost 1.73 percent, or 48.47 points, to 2,750.81. Hang...

ECONOMY
US Consumer Sentiment Jumps to Highest Level Since July 2021
Thursday, 28 March 2024 21:31 WIB

US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease. The University of Michigan's sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021,...

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
WTI Crude Oil Closes Higher as Supplies Remain Tight on OPEC+ Cuts, Cutting Into Inventories
Friday, 29 March 2024 01:50 WIB

West Texas Intermediate (WTI) crude oil closed higher on Thursday following two losing sessions on expectations global inventories will continue to wane through the second quarter on OPEC+ production cuts and Ukrainian attacks on Russian refineries. WTI crude oil for May delivery closed up...

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
06.30 JPN Tokyo Core CPI y/y 2.5%
06.30 JPN Unemployment Rate 2.4%
06.50 JPN Prelim Industrial Production m/m -6.7%
06.50 JPN Retail Sales y/y (JPN) 2.1%
12.00 JPN Housing Starts y/y -7.5%
MARKET CHART
Loco Gold Daily Chart (LGD)