Malaysian economic growth shrinks sharply in Q2 2020, recovery appears on track

Aug 14, 2020 13:33 pm UTC| Commentary

Malaysian economic growth shrank 17.1 percent year-on-year in the second quarter to the lowest level since the fourth quarter of 1998. On a year-on-year basis, private consumption dropped 18.5 percent, negatively...

Gold set for weekly decline as greenback steadies after U.S. Treasury yields rise

Aug 14, 2020 09:43 am UTC| Commentary

Gold prices edged lower as a rise in U.S. Treasury yields forced investors to reassess their positions again after a steep retreat from a record peak earlier this week, putting the safe-haven metal on course for its first...

Gold steadies above $1,900 on weaker dollar

Aug 13, 2020 09:49 am UTC| Commentary

Gold prices rose nearly 1 percent, drifting further away from a 3-week low on a weaker dollar and concerns over global economic fallout from mounting COVID-19 cases. Spot gold was trading 0.8 percent higher at $1,932.55...

U.K. economic activity rises above expectations in June

Aug 12, 2020 16:14 pm UTC| Commentary

The U.K. economic activitys level picked up in June, growing 8.7 percent sequentially. This provides further evidence that the U.K. economy is on the road to recovery. This follows an upwardly-revised rise of 2.4 percent...

U.S. consumer prices rise above expectations in July

Aug 12, 2020 14:46 pm UTC| Commentary

U.S. consumer prices rose 0.6 percent sequentially in July, matching Junes rise. Julys data came in above market expectations. On a year-on-year basis, total CPI rose 1 percent, accelerating from Junes figure of 0.6...

Swedish CPIF inflation rises above expectations in July, Riksbank likely to keep repo rate on hold

Aug 12, 2020 13:59 pm UTC| Commentary

Swedish CPIF inflation came above expectations in July. On a year-on-year basis, the CPIF inflation came in at 0.5 percent. Excluding energy, CPIF came in at 1.5 percent, accelerating from 1.3 percent in June. Riksbanks...

Gold rebounds from 3-week trough on U.S. stimulus uncertainty

Aug 12, 2020 09:46 am UTC| Commentary

Gold prices rebounded from a 3-week trough hit earlier in the session as the greenback eased from recent peaks on growing uncertainty about a U.S. stimulus deal. Spot gold surged 0.9 percent to $1,930.03 per ounce by...