Tuesday, 16 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
S&P, Nasdaq Muted as Bond Yields Rise; UnitedHealth Boosts Dow
Tuesday, 16 April 2024 23:17 WIB

The Nasdaq and the S&P 500 were muted on Tuesday as higher Treasury yields pressured equities, though the blue-chip Dow bucked the trend on robust results from health insurance heavyweight UnitedHealth. Dow Component UnitedHealth Group (UNH.N), advanced 5.6% after the health insurer beat...

ECONOMY
New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this year.  Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday....

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
Gold Fluctuates as Traders Digest Fedspeak and Await Powell
Tuesday, 16 April 2024 22:24 WIB

Gold wavered as traders parsed policymaker's remarks amid bets that the Federal Reserve will be in no rush to cut interest rates. As investors await Jerome Powell's speech later Tuesday, bullion climbed as much as 0.4% after earlier slipping as much as 0.9%. Treasury yields gained and...

FISCAL & MONETARY
ECB Holds Interest Rates and Firms Path to First Cut in June
Thursday, 11 April 2024 19:29 WIB

The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts. The deposit rate was left at a record-high 4%, as overwhelmingly predicted by a Bloomberg poll in which...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.00 GBP BOE Gov Bailey Speaks - -
06.50 JPN Trade Balance (JPN) -0.45T
13.00 GBP CPI y/y (GBP) 3.4%
13.00 GBP Core CPI y/y 4.5%
13.00 GBP PPI Input m/m -0.4%
MARKET CHART
Loco Gold Daily Chart (LGD)