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
Asia Markets Mixed after S&P and Nasdaq Fall for Fourth Straight Day
Thursday, 18 April 2024 07:37 WIB

Asia-Pacific markets were mixed on Thursday, following Wall Street's overnight losses which saw the S&P 500 and the Nasdaq Composite fall for a fourth straight day. Tech stocks led markets lower as artificial intelligence darling Nvidia fell nearly 4%, joined by Netflix, Meta, Apple and...

ECONOMY
UK Inflation Stronger Than Expected on Higher Fuel Prices
Wednesday, 17 April 2024 13:18 WIB

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest rates. Consumer prices rose 3.2% in March compared with a year earlier, down from 3.4% in February, the Office for National Statistics said Wednesday....

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 Edges Higher After Slumping on Likely Delay to Fed Pivot
Thursday, 18 April 2024 08:20 WIB

Gold edged higher after dropping by almost 1% on Wednesday on signs the Federal Reserve will wait longer than previously expected to cut interest rates. Fed Chair Jerome Powell flagged the likely delay to the much-anticipated pivot after a series of surprisingly high inflation...

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
08.30 AUD Unemployment Rate 3.7%
08.30 AUD NAB Quarterly Business Confidence -6
MARKET CHART
Loco Gold Daily Chart (LGD)