Tuesday, 19 March 2024
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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 0.1% higher to $2,165.30. With the Fed widely expected to hold rates steady at the end of its two-day monetary policy meeting on Wednesday, the market is awaiting policymakers' updated economic and interest rate projections. Gold prices fell 1% last week after data showed that U.S. consumer prices...

RECENT NEWS
Gold Steady Ahead of Big Week for Global Interest-Rate Decisions
Tuesday, 19 March 2024 08:36 WIB | GOLD EMAS

Gold was steady ahead of rate decisions in the coming week from countries representing almost half the global economy, including the US, the UK and Japan. Bullion is holding near record highs after rising sharply since mid-February, a rally that was partially driven by expectations the Federal Reserve was moving closer to cutting borrowing costs.  The Bank of Japan is forecast to end the world's last negative interest-rate regime on Tuesday, while US policymakers meet a day later, and are expected to stay on hold. They will also release the Fed's latest...

Yen Holds Nerve as BOJ Decision Looms; Dollar Resurgent
Tuesday, 19 March 2024 08:14 WIB | USD GBP/USD EUR/USD USD/JPY, AUD/USD,

The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers as bets for early rate cuts there were trimmed. Rate decisions from the BOJ and the Reserve Bank of Australia (RBA) come under the spotlight in the Asia day, and currency moves were subdued early on Tuesday with traders hesitant to take on new positions ahead of the outcomes. The yen was last little changed at 149.14 per dollar, while the Australian dollar fell 0.06% $0.6556. The BOJ, in particular,...

Oil Holds Gain With Russian Refining and OPEC+ Curbs to the Fore
Tuesday, 19 March 2024 07:38 WIB | Minyak Oil,

Oil held a gain with continued Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus. Brent crude traded near $87 a barrel after a 1.8% rally on Monday to the highest close since late October. West Texas Intermediate was below $83. About 600,000 barrels of Russia's daily refining capacity has been knocked out by the strikes, according to Gunvor Group Ltd., while JP Morgan Chase and Co. put the figure at about 900,000 barrels. Crude is on course for a third monthly climb after breaking free from a narrow range it had been trading in for much of the...

Oil Ends at Nearly Five-Month High as Drone Attacks Crimp Russia's Output
Tuesday, 19 March 2024 02:20 WIB | Minyak WTI brent oil Oil, Crude Oil

Oil futures climbed on Monday, with U.S. and global benchmark prices settling at their highest since late October, as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a significant chunk of Russia's refining capacity. West Texas Intermediate crude for April delivery rose by $1.68, or 2.1%, to settle at $82.72 a barrel on the New York Mercantile Exchange. That's the highest front-month contract finish since Oct. 27, according to Dow Jones Market Data. May Brent crude, the global benchmark, added $1.55, or 1.8%, at $86.89 a barrel on ICE Futures Europe,...

Gold Edges Up as the Dollar and Yields Steady Ahead of this Week's Fed Meeting
Tuesday, 19 March 2024 01:23 WIB | GOLD EMAS

Gold edged higher Monday, holding its own even as the dollar and treasury yields advanced ahead of this week's meeting of the Federal Reserve's policy committee. Gold for April delivery closed up US$2.80 to settle at US$2,164.30 per ounce. The Federal Open Market Committee begins its two-day meeting on Tuesday and is widely expected to leave interest rates unchanged even as market pressure to begin lowering rates is on the rise. "The world stands on the cusp of a new era of interest rate easing, and even though the great and the good of the central bank world procrastinate in...

Gold Steadies as Traders Await Slew of Central Bank Decisions
Monday, 18 March 2024 21:59 WIB | GOLD EMAS Spot Emas

Gold steadied at the start of a week that will bring a slew of central bank interest-rate decisions from countries including the US, England and Japan. Investors may glean more on the Federal Reserve's resolve to ease and how close Japan is to finally exiting negative interest rates, as central banks set policy for almost half the global economy. The Fed's quarterly forecasts — known as the dot plot — will be released when officials gather on Wednesday. It may reveal whether still-robust economic data are giving Washington officials cause to delay their intentions...

Oil prices steady as attacks on Russian energy facilities intensify
Monday, 18 March 2024 20:17 WIB | Minyak WTI Minyak jenis Brent

Brent crude briefly moved above $86 per barrel on Monday for the time since November, before pulling back, as Ukraine stepped up its attacks on Russian energy infrastructure. Brent crude oil futures for May delivery were up 23 cents at $85.57 a barrel at 1239 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 21 cents at $81.25, in slow trade with the contract set to expire in the coming days. The more active May delivery contract traded up 27 cents at $80.85. Both oil contracts posted gains last week, with prices hitting their highest level since November, buoyed...

S&P/ASX 200 Poundsterling manufaktur U.S.Manufacture Indesk S&P 500 CPI Amerika Stoxx Europe Saham AS Fiscal Saham FUTURES SahamAS Indeks FTSE 100 Resesi, Pending Home Sales DolarYen
PRECIOUS METALS
Silver Price Forecast: XAG/USD Holds Onto Gains Above $23 Ahead of FOMC Minutes
Wednesday, 21 February 2024 15:43 WIB

Silver price (XAU/USD) turns sideways around $23.15 after a strong recovery in the European session on Wednesday. The white metal clings to solid gains as the US Dollar has shifted to the backfoot...

ENERGY
Oil Edges Up After OPEC+ Extends Output Cuts Through Second Quarter
Monday, 4 March 2024 15:13 WIB

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel at...

CURRENCIES
Yen Weakens, Nikkei Futures Climb After BOJ Maintains Policy
Tuesday, 19 December 2023 10:12 WIB

The yen weakened while stock futures climbed after the Bank of Japan maintained its key policy settings.  The currency slid 0.5% to 143.49 per dollar at 11:56 a.m. in...