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
European stocks log gains of around 7% for the first quarter as inflation eases
Thursday, 28 March 2024 23:46 WIB

European markets closed the first quarter of 2024 around 6.8% higher Thursday as recent inflation data continues to show pressures from higher prices are cooling. The Stoxx 600 index provisionally closed 0.23% higher for the day, after hitting yet another all-time high in March rising above 513...

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 Closes In on Record High as Key Inflation Data Looms
Thursday, 28 March 2024 21:54 WIB

Gold extended a rally that brought it close to last week's record, as UBS analysts said the precious metal's surge faces diminished fundamental support. Prices jumped as much as 1% to $2,217.08 an ounce on Thursday, less than $4 shy of an all-time high reached last Thursday. The metal is on...

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)