Thursday, 18 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
European Stocks Steady as Upbeat Earnings Counter Rates Jitters
Thursday, 18 April 2024 14:22 WIB

European stocks were steady on Thursday as investors weighed a slate of upbeat corporate earnings reports against concerns around higher-for-longer interest rates. The Stoxx 600 was up 0.2% by 8:12 a.m. in London. Utilities and banks were the best-performing sectors,...

ECONOMY
Australian Employment Drops, Sending Jobless Rate Up to 3.8%
Thursday, 18 April 2024 08:59 WIB

Australian employment unexpectedly fell in March and the jobless rate rose, unwinding some of the huge upside surprise of the prior month and reflecting restrictive settings of monetary policy. The economy shed 6,600 roles, compared with a forecast gain of 10,000 and following an increase of over...

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 shines as Middle East tensions offset easing US rate-cut bets
Thursday, 18 April 2024 15:08 WIB

Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from prospects of higher-for-longer U.S. interest rates. Spot gold was up 0.8% at $2,379.21 per ounce, as of 0713 GMT, after hitting an all-time high of...

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
01.00 U.S Beige Book - -
03.00 U.S TIC Long-Term Purchases 14.0B 71.5B
08.30 AUD Employment Change (AUD) 116.5K -6.6K
08.30 AUD Unemployment Rate 3.7% 3.8%
08.30 AUD NAB Quarterly Business Confidence -6 -2
MARKET CHART
Loco Gold Daily Chart (LGD)