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Gold falls as firmer bond yields dull appeal

[ad_1] ILUSTRASI. Gold bars are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - JAKARTA. Gold fell on Wednesday as an uptick in U.S. Treasury yields weighed on bullion's appeal, while investors awaited speeches by several Federal Reserve officials in the wake of data showing higher inflation. Spot gold fell 0.3% to $1,739.00 per ounce, as of 10:45 a.m. EDT (1445 GMT). U.S. gold futures were down 0.6% at $1,738.00. The uptick in bond yields seem to be "adding some very light pressure to the (gold) market," said David Meger, director of metals trading at High Ridge Futures. But gold's pullback looks more technical in nature with the $1,750 level being both a technical and a psychological lev

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U.S. consumer prices post biggest gain in over 8-1/2 years

[ad_1] ILUSTRASI. The consumer price index jumped 0.6% last month, the largest gain since August 2012. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - ​WASHINGTON. U.S. consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand, kicking off what most economists expect will be a brief period of higher inflation. The report from the Labor Department on Tuesday also showed a firming in underlying prices last month as strong demand bumps against supply constraints. Federal Reserve Chair Jerome Powell and many economists view higher inflation as transitory, with supply chains expected to adapt and become more efficient. Significant slack still remains in the economy. The consumer price inde

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Gold slips as firmer U.S. yields dull appeal

[ad_1] ILUSTRASI. A security guard places several one kilo gold bars inside a secured vault in Dubai April 20, 2006. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - JAKARTA. Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health. Spot gold was 0.5% down at $1,734.31 an ounce by 11:23 a.m. EDT (1523 GMT). U.S. gold futures eased 0.6% to $1,734.60. "The bond yields have stabilized right now, but they (elevated yields) are still an underlying negative for the metals markets that produce no dividend or yield," said Kitco Metals senior analyst Jim Wyckoff. "The bulls lost a little bit of momentum and that is prompting shorter term technical traders to press

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Asia off to cautious start ahead of earnings, US data

[ad_1] ILUSTRASI. A pedestrian passes before a share prices board in Tokyo Sumber: Reuters | Editor: Anna Suci Perwitasari DANAUSAHA.NET - SYDNEY. Asian shares started cautiously on Monday as investors wait to see if U.S. earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong readings for U.S. inflation and retail sales this week. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05% in slow early trade. Tokyo's Nikkei edged up 0.1%, while South Korean stocks rose 0.2%. Investors were anxious to see how shares in Alibaba Group Holding Ltd fared after China slapped a record 18 billion yuan ($2.75 billion) fine on the e-commerce giant. Reverberations could be felt beyond China as over a third of the stock is held

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Venezuela paid $64 million to receive vaccines through COVAX

[ad_1] ILUSTRASI. Sputnik V. REUTERS/Manaure Quintero Sumber: Reuters | Editor: Tendi Mahadi DANAUSAHA.NET - CARACAS. Venezuela has paid $64 million, half of the required amount, for doses it is set to receive through the global COVAX program, Vice President Delcy Rodriguez announced Saturday on state television. “You know that the COVAX mechanism requires an advance - Venezuela has even doubled the required advance,” said Rodriguez, adding that the government had deposited “59.2 million Swiss francs in the accounts of GAVI,” a co-leader of the COVAX program that seeks to improve low-income countries’ access to vaccines. Rodriguez did not specify what funds the government used to pay for the vaccines. In recent months the government has held talks with opposition leaders to obtain

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Indonesia’s Java hit by magnitude 5.9 quake, reports of one killed, damage

[ad_1] ILUSTRASI. A magnitude 5.9 earthquake off Indonesia’s Java island on Saturday killed one person and damaged buildings in several cities. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - JAKARTA. A magnitude 5.9 earthquake off Indonesia’s Java island on Saturday killed one person and damaged buildings in several cities, media reports said. The quake was felt in cities and towns across East Java, home to 40.7 million people, and nearby provinces, including the resort island of Bali, Indonesian media reported. One person died in Lumajang after being hit by a falling boulder, news website Detik.com said, citing a town disaster official. There had been aftershocks but there was no risk of tsunami, Indonesian geophysics agency BMKG said. Reports of damage included parl

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India’s daily COVID-19 cases rise to record for fifth time this week

[ad_1] ILUSTRASI. India’s daily coronavirus cases on Saturday rose by a record for the fifth time this week. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - NEW DELHI. India’s daily coronavirus cases on Saturday rose by a record for the fifth time this week and deaths surged to the highest in more than five months, with hospitals and crematoriums overflowing in parts of the country. New cases in the world’s second-most populous country have totalled the most of anywhere in the world over the last two weeks. India’s overall tally of 13.21 million is the third-highest globally, just shy of Brazil and below the worst affected country, the United States. The second surge in infections, which has spread much more rapidly than the first one that peaked in September, has forced

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Western Australia braces for worst case scenario as cyclone Seroja nears

[ad_1] ILUSTRASI. Authorities were urging residents of its Mid West coast to find safe shelter or leave as cyclone Seroja barrelled towards a coastal region. Sumber: Reuters | Editor: Wahyu T.Rahmawati DANAUSAHA.NET - MELBOURNE. Authorities in Western Australia were urging residents of its Mid West coast to find safe shelter or leave on Saturday as cyclone Seroja barrelled towards a coastal region that is usually too far south to fall in the path of cyclones. Residents in Western Australia’s Mid West and Gascoyne regions are being urged to finalise their emergency plans, as the cyclone is expected to intensify to a category three overnight, battering a region where buildings are not made to withstand cyclonic winds. “This is a very serious situation. The potential for widespread dev

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Gojek and Tokopedia close to creating Indonesian tech champion -sources

[ad_1] ILUSTRASI. Tokopedia Sumber: Reuters | Editor: Yudho Winarto DANAUSAHA.NET - SINGAPORE. Indonesian ride-hailing and payments company Gojek and the country's leading e-commerce business Tokopedia are close to sealing their proposed merger as they prepare to seek formal shareholder approval, three sources close to the matter told Reuters on Friday. A deal that sources have previously pegged at $18 billion would create a technology powerhouse offering online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy. Alibaba Group Holding and SoftBank Group Corp are among Tokopedia's investors, while Gojek's include Warburg Pincus and Tencent Holdings. Reuters reported in January that Gojek and Tokopedia were in advanced merge

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Rescuers hunt for survivors after cyclone kills 119 in Indonesia

[ad_1] ILUSTRASI. Search and rescue personnel, however, had trouble transporting heavy equipment for use in the search Sumber: Reuters | Editor: Yudho Winarto DANAUSAHA.NET - ​JAKARTA. Rescuers searched for dozens missing in the remote islands of southeast Indonesia on Tuesday, as reinforcements arrived to help in the aftermath of a tropical cyclone that killed at least 119 people. Helicopters were deployed to aid the search, and ships carrying food, water, blankets and medicine reached ports previously blocked by high waves whipped up by tropical cyclone Seroja, which brought heavy rain and triggered deadly floods and landslides on Sunday. Indonesia's disaster agency BNPB revised upwards the death toll from the cyclone in the East Nusa Tenggara islands, after earlier saying 86 had

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