Commodity of the Day (09/08/2024)

IDXchannel

Harga emas akhirnya menguat setelah 5 hari terkoreksi, di tengah meningkatnya kembali ekspektasi terhadap pemangkasan suku bunga The Fed. Harga batu bara masih melanjutkan penguatan, dan menyentuh ke level tertinggi di 2024. Sementara harga minyak mentah menguat di 3 hari beruntun, menyusul perbaikan data pasar tenaga kerja Amerika Serikat.

Transcript

00:00We move on to community information, the price of gold finally rose after 5 days of correction,

00:10in the middle of increasing the return on expectations for the expropriation of the Bunga Tevet tribe.

00:14The price of coal continues to grow and touches the highest level in 2024,

00:19while the price of crude oil rose in 3 lucky days, following the improvement of the US labor market data.

00:31The price of gold finally rose after 5 days of correction, following a strong demand for safe haven

00:36and increased market expectations for the expropriation of the Bunga Tevet tribe in September.

00:44Refinitiv data released in our coverage, the price of gold rose 1.9% at US$2,426.74 per troy ounce.

00:55This celebration succeeded in ending the gold correction trend for 5 lucky days by reducing it by 2.7%.

01:03While on Friday morning, the price of gold was monitored by a thin correction of 0.12% to US$2,423.74 per troy ounce.

01:14Ice New Castle

01:19The price of Ice New Castle coal again rose for 7 lucky days,

01:23by increasing 6.7% and getting closer to US$150 per ton.

01:31Refinitiv data released the price of the Ice New Castle coal contract in September on Thursday,

01:35ended at US$149 per ton, up 0.74%.

01:43This increase made the price of coal recorded the highest price this year.

01:49The price of coal, which coincides with the price of European gas, which remains high at 39.73 euros per megawatt hour,

01:57approaching the highest position in the last 8 months.

02:01Oil

02:08The price of crude oil rose for 3 lucky days,

02:10following the improvement of the US labor market data, which reduced the concern of the recession.

02:18This achievement was able to restore the price position from the lowest level since the beginning of the year.

02:24Investors also observed the decline in US supplies last week at 3.7 million barrels,

02:30exceeding the expectations of analysts.

02:33Refinitiv data was released on Friday morning at 9.27 am West Indonesia time.

02:39The price of WTI oil was traded at US$76.27 per barrel, up 0.1%.

02:47Brand oil was traded at US$79.2 per barrel, up 0.05%.

02:54Various sources, IDX channel

03:25US$2,460.20 per barrel

03:30CPO was up 0.88% at US$3,711 per barrel.

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