Gold hovers towards near 9-year peak amid coronavirus fears

Jul 09, 2020 08:02 am UTC| Commentary

Gold prices steadied near a 9-year peak above the key $1,800/oz level as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery. Spot gold was trading 0.1 percent higher at $1,810.45 per...

Gold near 9-year peak as coronavirus fears dent investor risk-appetite 

Jul 08, 2020 08:44 am UTC| Commentary

Gold prices rallied to a near 9-year high as worries over surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal Reserve boosted the safe-haven metals appeal. Spot gold was trading 0.2 percent...

Bank Negara Malaysia cuts overnight policy rate by 25 bps, likely to further lower it later in year

Jul 07, 2020 15:08 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia, cut its overnight policy rate today by 25 basis points to 1.75 percent. Compared with the previous one, todays policy statement was distinctly more optimist on growth...

Philippine headline inflation accelerates in June, likely to average 1.7 pct in H2 2020

Jul 07, 2020 13:46 pm UTC| Commentary

Philippine headline inflation accelerated in June to the higher end of the forecast range given by the central bank. On a year-on-year basis, the consumer price inflation accelerated to 2.5 percent from Mays 2.1 percent....

Gold slumps from near 8-year peak as risk sentiment improves

Jul 07, 2020 08:38 am UTC| Commentary

Gold prices declined from a near 8-year high as the dollar bounced back after data showed a rebound in U.S. services industry activity, almost returning to its pre-COVID-19 pandemic levels. Expectations of a revival in...

U.K.’s construction sector’s activity grew sharply in June, PMI index rises to 55.3

Jul 06, 2020 17:15 pm UTC| Commentary

U.K.s construction sector saw a sharp turnaround in performance in June, showed the survey data, as the phased restart of work on site aided in lifting output volumes and boost business sentiment. The headline seasonally...

Euro area’s construction activity rebounds in June, PMI index rises to 48.3

Jul 06, 2020 15:21 pm UTC| Commentary

Euro areas construction activity rebounded in the month of June, but remained in contraction territory. The IHS Markit Eurozone Construction Total Activity Index rose sharply to 48.3 from Mays 39.5, implying the weakest...