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
Wall St Opens Flat ahead of Easter Break, Eyes Sharp Q1 Gains
Thursday, 28 March 2024 20:42 WIB

Wall Street's main indexes opened flat on Thursday in thin trading ahead of Easter break, as investors awaited more data to gauge the Federal Reserve's policy path on the last business day of a strong first quarter. The Dow Jones Industrial Average rose 3.66 points, or 0.01%, at the open to...

ECONOMY
US Q4 GDP Growth Revised Higher to 3.4% from 3.2%
Thursday, 28 March 2024 19:50 WIB

The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday. The BEA reported in its previous estimate that the real GDP growth was 3.2%. "The update primarily reflected...

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 18:54 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 0.9% on Thursday, following three successive days of gains. The metal has seen pronounced volatility this week,...

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)