Tuesday, 19 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
Hong Kong Shares Drop at Open
Tuesday, 19 March 2024 08:43 WIB

Hong Kong stocks opened lower Tuesday as traders gear up for a Federal Reserve interest rate decision this week, hoping for guidance on its plans for interest rates. The Hang Seng Index dropped 0.65 percent, or 109.05 points, to 16,628.07. The Shanghai Composite Index eased 0.23 percent, or 6.95...

ECONOMY
China's Growth Beats Estimates as Production, Investment Rev Up
Monday, 18 March 2024 09:29 WIB

China's factory output and investment grew more strongly than expected at the start of the year, as Beijing targets an ambitious annual economic growth goal of around 5%. Industrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said...

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 Holds Ground as Investors Seek Direction from Fed
Tuesday, 19 March 2024 10:04 WIB

Gold held steady on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve policy meeting this week, which could offer further clues on the timing of likely interest rate cuts this year. Spot gold was up 0.1% at $2,161.79 per ounce, as of 0237 GMT. U.S. gold futures edged...

FISCAL & MONETARY
Fed's Powell Says Aware of Policy Risks to Workers, but Cuts Depend on Inflation
Thursday, 7 March 2024 23:25 WIB

Federal Reserve Chair Jerome Powell told U.S. lawmakers on Thursday the central bank was "well aware" of the risks its tough monetary policy posed to workers, but said rate cuts would depend on the economy evolving as the Fed expects, with continued lower inflation. Powell, appearing before the...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
10.30 AUD Cash Rate 4.35%
10.30 AUD RBA Rate Statement - -
11.30 JPN Revised Industrial Production m/m -7.5%
14.00 CHF Trade Balance (CHF) 4.74B
17.00 EUR German ZEW Economic Sentiment 19.9
MARKET CHART
Loco Gold Daily Chart (LGD)