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
Dow Opens Higher as Traders Shake Off Overnight Israel Strike on Iran
Friday, 19 April 2024 20:43 WIB

Stocks were able to regain ground Friday after equity futures tumbled overnight as investors bet Israel retaliatory strikes against Iran would not escalate to a bigger conflict. Oil prices traded into the red after briefly spiking earlier. The Dow Jones Industrial Average traded 64 points higher,...

ECONOMY
U.K. Retail Sector Posts Weaker March Sales Than Expected
Friday, 19 April 2024 13:17 WIB

Retail sales were flat last month in the U.K., limiting the boost to wider economic growth at the start of the year. Total sales volumes were no higher in March than in February, according to figures released Friday by the Office for National Statistics. This was a weaker reading than had been...

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
Oil Slips After Iran Plays Down Reported Israeli Attack
Friday, 19 April 2024 19:59 WIB

Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures were down 48 cents, or 0.6%, at $86.63 a barrel by 1155 GMT. The most...

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)