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
S&P 500 trades flat, heads for best first quarter since 2019
Friday, 29 March 2024 00:12 WIB

The S&P 500 was flat Thursday as it aimed to wrap up its best first-quarter performance in five years. The broad market index was little changed, as was the Dow Jones Industrial Average. The Nasdaq Composite was also trading unchanged. For the quarter, the S&P 500 is up about 10%. It is...

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
Gold Rises to a Fresh Record as Buying Momentum Continues
Friday, 29 March 2024 01:29 WIB

Gold futures closed at the second record high in as many days on Thursday as buying momentum continues even as the dollar and treasury yields rise. Gold for June delivery closed up US$25.70 to settle at US$2,238.40 per ounce. The precious metal's record rise comes on expectations lower interest...

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)