Brent, NYMEX down in Asia after API estimates show crude build

Rough held weaker in Asia on Wednesday after U.S. industry gauges demonstrated a work in stockpiles a week ago promoting worries about worldwide oversupply. 

Raw petroleum for October conveyance on the New York Mercantile Exchange fell 0.17% to $46.27 a barrel. On the ICE Futures Exchange in London, Brent oil for November conveyance plunged 0.14% to $48.66 a barrel. 

The American Petroleum Institute said raw petroleum stockpiles rose 940,000 barrels toward the end of a week ago and gas supplies dropped 1.6 million barrels as the mid year driving season nears a nearby. 

Official information from the Energy Information Administration will be discharged Wednesday. 

Overnight, oil costs were higher amid North American hours on Tuesday, bouncing back from steep overnight misfortunes. 

Oil's misfortunes on Monday came as a comprehensively more grounded U.S. dollar, blurring any desires for a creation stop and worries about extra yield from the Middle East and Africa weighed on assessment. 

An expansion in U.S. financing costs tends to lift the dollar, which would make oil more costly for brokers who conduct business in different monetary forms. 

In the interim, risks that the up and coming meeting among real oil makers in late September would yield any activity to diminish the worldwide excess seemed negligible after Saudi Arabia's vitality priest said a week ago that he doesn't trust any "huge mediation" in the oil business sector is essential. 

His reported remarks come in front of a casual meeting of the Organization of the Petroleum Exporting Countries in Algeria late one month from now, amid which significant oil makers are relied upon to talk about a potential yield solidify. 

Be that as it may, investigators and brokers stay distrustful the meeting would bring about a rational push to diminish the worldwide overabundance. 

Unrefined costs took off just about $10 a barrel, or almost 25%, in the initial three weeks of August, as the possibility of a yield solidify by significant makers at a casual OPEC meeting in Algeria one month from now started a monstrous rally. 

An endeavor to together stop generation levels not long ago fizzled after Saudi Arabia retreated over Iran's refusal to remove a portion of the activity, underscoring the trouble for political opponents to manufacture accord.

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Gold and Silver Fall Roughly 1%

Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%

Gold wanderer lower all through the majority of exchange London and New York and finished close to its late session low of $1309.22 with lost 0.94%. Silver slipped to as low as $18.577 and finished with lost 1.22%.

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Maybank, TNB weigh on KLCI

KUALA LUMPUR: Blue chips shut lower on Monday in the midst of a weaker more extensive business sector while the ringgit lost ground.

At 5pm, the FBM KLCI finished 1.49 focuses lower to 1,681.60. There were 314 gainers, 513 failures and 359 counters exchanged unaltered on the Bursa Malaysia. Volume remained at 1.486 billion units, worth RM1.43bil.

The ringgit was cited at 4.0452 against the US dollar.

Slow pokes in the FBM KLCI part stocks were driven by Maybank, which dragged the list around 1.6571 focuses and Tenaga Nasional Bhd (TNB), which pulled down the file by 1.1213 focuses.

Maybank shut 10 sen lower to RM7.90 while TNB declined 12 sen to RM14.78.

Driving the top gainers, Dutch Lady rose 86 sen to RM58.56, Khind expanded 43 sen to RM2.77 and DKSH increased aggregated 36 sen to RM5.82.

English American Tobacco and Nestle finished the day among the top failures, declining 62 sen to RM49.76 and 50 sen to RM78.50 individually.

Spot gold was up 0.16% to US$1,319.05 per ounce.

Brent unrefined was last exchanged at US$49.17 per barrel while US rough exchanged at US$46.93 per barrel.

Among the key local markets,

Japan's Nikkei 225 up 2.3% to 16,737.49;

Hong Kong's Hang Seng Index is down 0.38%to 22,821.34;

CSI 300 rose 0.02% to 3,307.78;

Taiwan's Taiex shed 0.24% to 9,110.17;

South Korea's Kospi facilitated 0.25% to 2,032.35 and

Singapore's Straits Times Index declined 0.99% to 2,829.43.

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AirAsia, MyEG in focus, KLCI up nearly 6 pts

Low-cost transporter AirAsia and MyEG Services ascended in exceptionally dynamic exchange early Tuesday, supported by the solid profit and corporate news while the FBM KCI chalked up about six focuses, following the firmer Wall Street and key Asian business sector. 

At 9.46am, the KLCI was up 5.48 focuses or 0.33% to 1,687.08. Turnover was 266.70 million shares esteemed at RM209.49mil. There were 245 gainers, 206 failures and 238 counters unaltered. 

Reuters reported Asian shares ricocheted on Tuesday as questions the Federal Reserve truly would trek rates when September undermined the dollar, while financial specialists kept on depending on more arrangement jolt somewhere else on the planet. 

MSCI's broadest file of Asia-Pacific shares outside Japan included 0.4%, recovering around half of Monday's misfortune. 

In the interim, Brent unrefined prospects were up six pennies at US$49.32 a barrel, while US rough added nine pennies to US$47. 

Hong Leong Investment Bank Research repeated that the KLCI would stay in a combination mode unless it can recover over the 1,688 (10-day basic moving normal) definitively to resume its rally towards the 1,700 and 1,717 levels. 

Concerning Tuesday, it said the KLCI may crawl up in the wake of an overnight rally in the DJIA. In any case, the "Hari Merdeka" occasion on Wednesday and the worry of higher likelihood of a second Fed rate trek in September may top any bounce back close to the 1,688 level, it said. 

MyEG rose 10 sen to RM2.17 and its call warrants MyEG-CX added 1.5 sen to 9.5 sen. It proposed one-for-two reward issue of up to 1.202 billion shares of 10 sen each. Additionally its profit surged to RM142.97mil for FY finished June 30, 2016, from RM68.14mil in FY15. 

AirAsia rose nine sen to RM3.08 and its call warrants C36 rose 1.5 sen to 21.5 sen. AAX added one sen to 39 sen. 

AirAsia's net benefit for Q2, 2016 rose 40.8% on-year to RM342.12mil, supported fundamentally by a 40.2% hop in flying machine working lease salary and a 24% lessening in normal fuel cost to US$59 (RM236) per barrel from a year back. 

Petronas Dagangan added 26 sen to RM23.42 and Petronas Gas picked up 14 sen to RM22.26. 

With respect to estates, KL Kepong added 16 sen to RM23.68. 

Buyer stocks were blended, with Dutch Lady up 64 sen to RM59.20 and BAT added 56 sen to RM50.32 yet F&N fell 30 sen to RM24.10, Carlsberg lost 14 sen to RM14.86, Apollo 12 sen to RM6 and Heneiken 10 sen lower at RM18.20. 

Poultry organization Lay Hong fell the most, down 39 sen to RM9.36 while furniture producer Latitude lost 30 sen to RM4.80.

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NYMEX crude falls in Asia as market lowers expectations on output curbs

Unrefined costs dropped keenly in early Asia on Monday as financial specialists noted Saudi Arabia does not see the requirement for a noteworthy endeavors by worldwide makers on yield. 

On the New York Mercantile Exchange, raw petroleum for conveyance in October dropped 1.10% to $47.14 a barrel. 

Overnight, oil prospects figured out how to clutch unobtrusive increases on Friday, however languished a decrease over the week after the Saudi vitality clergyman disregarded the requirement for OPEC to intercede to balance out business sectors. 

Reuters reported late Thursday that Saudi Arabia's Energy Minister Khalid al-Falih told the news office in a meeting that he doesn't trust any "critical intercession" in the oil business sector is fundamental. 

His reported remarks come in front of a casual meeting of the Organization of the Petroleum Exporting Countries in Algeria late one month from now, amid which real oil makers are relied upon to examine a potential yield solidify. 

Merchants additionally surveyed the probability of a loan fee increment at the following Federal Reserve meeting September, taking after remarks from the main two authorities at the national bank. 

An expansion in U.S. loan fees tends to lift the dollar, which would make oil more costly for merchants who conduct business in different monetary forms. 

On the ICE Futures Exchange in London, Brent oil for October conveyance attached on 25 pennies, or 0.5%, on Friday to settle at $49.92 a barrel by close of exchange. 

Investigators and dealers stay incredulous the meeting would bring about a sound push to lessen the worldwide overabundance. 

An endeavor to together stop creation levels recently fizzled after Saudi Arabia pulled out over Iran's refusal to remove a portion of the activity, underscoring the trouble for political opponents to produce agreement. 

In the interim, market players kept on concentrating on U.S. penetrating prospects, in the midst of signs of a late recuperation in boring action. As indicated by oilfield administrations supplier Baker Hughes, the quantity of apparatuses boring for oil in the U.S. a week ago was unaltered at 406. That took after eight straight weeks of expansions. 

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Brent, NYMEX down in Asia as Saudi views weigh on supply picture

Unrefined costs dropped in Asia on Monday as financial specialists noted Saudi Arabia does not see the requirement for a noteworthy endeavors by worldwide makers on yield, fanning oversupply concerns.

On the New York Mercantile Exchange, unrefined petroleum for conveyance in October dropped 1.18% to $47.08 a barrel. On the ICE Futures Exchange in London, Brent oil for October conveyance fell 1.18% to $47.08 a barrel.

Overnight, oil fates figured out how to clutch unobtrusive additions on Friday, yet languished a decrease over the week after the Saudi vitality pastor disregarded the requirement for OPEC to mediate to balance out business sectors.

Reuters reported late Thursday that Saudi Arabia's Energy Minister Khalid al-Falih told the news organization in a meeting that he doesn't trust any "noteworthy intercession" in the oil business sector is essential.

His reported remarks come in front of a casual meeting of the Organization of the Petroleum Exporting Countries in Algeria late one month from now, amid which significant oil makers are required to talk about a potential yield solidify.

Dealers additionally evaluated the probability of a loan cost increment at the following Federal Reserve meeting September, taking after remarks from the main two authorities at the national bank.

An expansion in U.S. loan fees tends to lift the dollar, which would make oil more costly for dealers who conduct business in different monetary standards.

Investigators and dealers stay doubtful the meeting would bring about a cognizant push to diminish the worldwide overabundance.

An endeavor to together stop generation levels not long ago fizzled after Saudi Arabia retreated over Iran's refusal to remove a portion of the activity, underscoring the trouble for political opponents to produce agreement.

Then, showcase players kept on concentrating on U.S. boring prospects, in the midst of signs of a late recuperation in boring movement. As indicated by oilfield administrations supplier Baker Hughes, the quantity of apparatuses boring for oil in the U.S. a week ago was unaltered at 406. That took after eight straight weeks of expansions.

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Gold Updates

Gold Seeker Closing Report: Gold and Silver Hold Near Unchanged Ahead of Yellen’s Speech Tomorrow
Gold gained $2.67 to $1326.97 in Asia before it dropped down to $1318.08 by a little after 8:30AM EST, but it then bounced back higher into the close and ended with a loss of just 0.14%. Silver rose to as high as $18.66 and ended with a gain of 0.05%.

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Gold Updates

Spot gold might test $1,308-technicals
Silver rises off of 8-wk lows hit earlier
Platinum, palladium bounce off of 4-wklows


Gold on Thursday held marginally over a four-week low touched inthe past session as the 

dollar lost some quality in front of a discourse by Federal Reserve Chair Janet Yellen tha

may yield pieces of information on U.S.loan cost arrangement. Yellen is booked to address 

meeting of national financiers in Jackson Hole, Wyoming, on Friday, and late remarks from Bolstered policymakers have raised financial specialists' desires that she might embrace a less careful tone on rates.



"Financial specialists are situating themselves generally on Yellen's discourse with desirsthat her message would be very hawkish as far as the standpoint for the U.S. economy and t

likelihood of a rate climb," said Vyanne Lai, a market analyst at National Australia Bank. "Gold will be in a guarded mode for now and tomorrow as there aren't numerous business sector moving information focuses separated from what Yellen is going to say. Any hawkish remarks could turn gold costs bearish one week from now," Lai said. 

Rising U.S. financing costs ordinarily build the opportunity expense of holding non-yieldigbullion and support the dollar, which makes it more costly to purchase gold for those holdgdifferent monetary standards. Spot gold was up 0.2 percent at $1,325.50 an ounce at 0348 GMT. The metal touched a 4-week low of $1,323.20 on Wednesday on a firm dollar. U.S. gold wasalmost level at $1,329 an ounce. 

The dollar record, which tracks the greenback against a wicker bin of six noteworthy monetyforms, was down almost 0.1 percent. The dollar has influenced forward and backward over theprevious week as financial specialists have gaged the odds for a close term Fed rate climb.U.S. home resales gave a blended picture on the world's biggest economy, falling more than anticipated in July after four straight months of solid additions, as an absence of stock restricted decision for purchasers.Be that as it may, further value picks up additionally recommended the lodging market stayed on strong ground. Spot gold may drop to $1,308 per oun,as it has cleared a key backing at $1,334, as indicated by Reuters specialized examiner WagTao. Silver rose 0.5 percent to $18.60 an ounce, after hitting an eight-week low of $18.46 prior in the session. 

Platinum and palladium were up 0.2 and 0.6 percent at $1,074 and $686, individually, in thewake of touching their least in over four weeks on Wednesday. "The platinum bunch metals (PGMs) fell harder than gold, conceivably because of more slender exchanging conditions," HSBC examiner James  Steel said. A weaker South African rand may likewise be weighing on the 

tals,Steel said.

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Oil prices fall as market focus returns to global supply overhang

SINGAPORE: Crude costs edged lower on Thursday as overflowing U.S. what's more, Asian fuel inventories gave back financial specialists' regard for a substantial worldwide supply overhang, stopping a value rally and confining Brent rough prospects to underneath the $50 a barrel mark.

Universal benchmark Brent raw petroleum prospects were exchanging at $48.95 per barrel at 0132 GMT in early Asian exchange, down 10 pennies, in the wake of shutting down 1.8 percent already.

U.S. West Texas Intermediate (WTI) rough prospects were at $46.68 a barrel, down 9 pennies, subsequent to falling 2.8 percent on Wednesday.

Brokers said value falls this week had truncated a rally that pushed unrefined up by more than 20 percent prior in August on discuss a potential arrangement by oil makers to stop yield with an end goal to get control over oversupply.

Any expectations of an arrangement were hosed by record yield from the Organization of the Petroleum Exporting Countries (OPEC) and little prospect of deliberate confinements.

"Brent additionally went under weight after (OPEC-part) Iraq said despite everything it isn't creating as much oil as it ought to raise, worries that OPEC supply will keep on increasing," ANZ bank said on Thursday.

With yield high from OPEC as well as other top makers like Russia, and the interest standpoint precarious, experts said there was little prospect of a conclusion to the overabundance, which has pulled down unrefined costs from over $100 a barrel to their present sub-$50 levels subsequent to 2014.

"Sufficient inventories were because of weaker interest in Asia, however all the more for the most part were driven by abundance supply created by refiners amplifying runs, remarkably to deliver gas in the U.S.," BNP Paribas said.

"In Asia, China's July financial insights affirmed loss of development energy," it included.

The French bank said that the "dreary interest prospects (and) the enlarged limit of the worldwide refining framework ... propose (that) a distillate supply shade will hold on."

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KLCI ekes slight gains, AirAsia, AAX in focus

Blue chips eked out small gains at midday on Wednesday, pushing the FBM KLCI slightly into the positive territory but the broader market was weaker and the ringgit continued to decline against the major currencies.

At 12.30pm, the KLCI was up 0.64 points or 0.04% to 1,683.71. Turnover was 1.03 billion shares valued at RM722.66mil. Decliners led advancers 433 to 238 while 342 counters were unchanged.

Key Asian markets were mostly higher except for China as the blue-chip CSI 300 index edged down marginally, dragged by financial shares amid receding expectations of further aggressive monetary easings, Reuters reported..

The ringgit weakened against the US dollar to 4.0367 from 4.0325 and it was at 5.3185 to the pound sterling from 5.3106 and slipped against the Singapore dollar to 2.9856 from 2.9838.

At Bursa Malaysia, AirAsia fell 23 sen to RM2.99 in active trade on profit taking.

Its affiliate, AAX lost 4.5 sen to 41.5 sen with 125 million shares done. AAX-CU fell 3.5 sen to 8.5 sen and AAX-CW was down four sen to 9.5 sen, AAX-CV was down four sen to 10.5 sen. AAX-WA fell 3.5 sen to 25 sen.

Among the consumer stocks, Dutch Lady fell RM1.92 to RM57.60 and Carlsberg lost 24 sen to RM14.74 while Heineken was down 16 sen to RM18.46. However, BAT added 42 sen to RM50.62 and Ajinomoto rose eight sen to RM14.12..

However, underpinning the KLCI's gains were Genting and Sime Darby. Genting Bhd added 10 sen to RM8.16, Genting Malaysia two sen to RM4.30 while Sime rose seven sen to RM7.87 after the battering on Tuesday after it announced its new share placement plan.

Crude palm oil for third month delivery rose RM2 to RM2,602. KL Kepong rose the most among the plantations, up eight sen to RM23.58, PPB Group added six sen to RM16.12 while IOI Corp lost three sen to RM4.40.

US light crude oil fell 71 cents to US$47.39 and Brent was down 61 cents to US$49.35. Petronas Gas added eight sen to RM22.14 and Petronas Chemicals gained three sen to RM6.69 while Petronas Gas fell six sen to RM22.14. SK Petro edged up one sen toRM1.59.

Among the banks, CIMB and Maybank lost one sen each to RM7.99 and RM4.68, Hong Leong Bank was flat at RM13.16 while AmBank rose one sen to RM4.36.

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Crude Oil TradingTips

Today's | Comex (CRUDE OIL) Signals Update.

Comex Signal Update :  SELL CRUDE OIL 47.00 TARGETS  46.60 46.20  STOPLOSS 47.50
WWW.MMFSOLUTIONS.MY

MMFS SG

COMEX CALL UPDATE: OUR  1ST TARGET HAS HIT IN CRUDE OIL  AT 46.60, KINLY BOOK PROFIT IN IT.
WWW.MMFSOLUTIONS.MY

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Gold Price Today: Yellow Metal Maintains Lows after Back-to-Back Declines

Gold prices were trading steady in the overnight session Tuesday after sharp back-to-back declines knocked the yellow metal off two-week highs.December gold futures were trading at $1,342.10 a troy ounce at 1:48 am GMT, little changed from the previous close. Gold prices are down 1.2% over the past two days.Despite the recent downtrend, the outlook on gold and other precious metals remains robust heading into 2017. According to Zurich-based financial services company Credit Suisse, gold prices will reach $1,500 a troy ounce through the early part of 2017. Analysts at the bank say that gold’s upturn reflects not just a post-Brexit bounce, but a “more enduring” environment of political uncertainty and risk-off sentiment that is being driven by expectations for continued low-rate stimulus in the United States and abroad.Gold’s impressive rally began early this year and has endured long after Brexit. However, gains have slowed considerably in recent months, with returns turning negative in August. Since the start of the month, gold futures are down 1.3%.The US dollar index was little changed Tuesday after ending flat during the previous session. The dollar has been under pressure for the past two weeks amid conflicting monetary policy signals from the Federal Reserve.Federal Reserve Chairwoman Janet Yellen will make headlines on Friday morning when she delivers a speech to the annual Jackson Hole Symposium of central bankers, policymakers and academics. Yellen’s speech could provide important rate-hike cues to a market struggling to determine the outlook on monetary policy.In economic data, Japan’s manufacturing sector contracted for a sixth consecutive month in August, but a key indicator of output expanded for the first time since February. The flash Markit/Nikkei Japan PMI rose to 49.6 in August from 49.3 the previous month. The reading was slightly above the median estimate calling for 49.5.

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KLCI slips 3pt as ringgit weakens and crude oil drops

Blue chips finished lower at the noontime break on Tuesday taking after the negative news from the debilitating ringgit and fall in unrefined petroleum costs while the more extensive business sector debilitated.

At 12.30pm, the KLCI was down 3.07 focuses or 0.18% to 1,688. Turnover was 906.30 million shares esteemed at RM613.99mil. There were 232 gainers, 458 failures and 344 counters unaltered.

The ringgit debilitated against the real monetary standards, tumbling to 4.0290 against the US dollar from 4.0280 and debilitated to 5.2947 versus the pound sterling from 5.2896. It was down 2.9840 against the Singapore dollar from 2.9813 and fell against the Euro to 4.5645 from 4.5524.

Oil costs fell more than 1% on Tuesday, with Goldman Sachs cautioning that August's value rally had been exaggerated and that a proposed oil creation solidify at current close record levels would not get control over an oversupplied market.

US light raw petroleum fell 62 pennies to US$46.79 and Brent lost 50 pennies to US$48.66. Petronas Chemicals, Petronas Dagangan and Petronas Gas fell two sen each to RM6.66, RM23.38 and RM22.16 while SK Petro additionally shed two sen to RM1.58.

Rough palm oil for third-month conveyance rose RM18 to RM2,561 per ton. KL Kepong added eight sen to RM23.62, Sime Darby two sen higher at RM8.16 while IOI Corp and PPB Group were level at RM4.44 and RM16.06.

Carlsberg fell 18 sen to RM15.02 and it was the greatest decliner among the buyer stocks while F&N was down 10 sen to RM24.40. Be that as it may, Dutch Lady rose 96 sen to RM60.96, Nestle added 74 sen to RM79.50, BAT 20 sen to RM50.58 and Heineken 14 sen higher at RM18.68.

Among the banks. AmBank rose four sen to RM4.46, RHB Bank was level at RM5, Maybank shed one sen to RM6.29 while CIMB and Public Bank fell four sen to RM4.66 and RM19.76.

With respect to telcos, Axiata fell five sen to RM5.73, Digi one sen lower at RM5 and Telekom was level at RM6.81 however Maxis increased two sen to RM6.29.

AirAsia X lost one sen to 46 sen with 89.4 million shares done, its call warrants CU added 0.05 sen to 11.5 sen and shed 0.05 sen to 13.5 sen.

Peak Health went under some benefit taking, sliding 26 sen to RM4 with 1,300 shares done. Poultry organization Lay Hong shed 10 sen to RM10.

Among the key local markets,

Japan's Nikkei 225 rose 0.04% to 16,604.86;

Hong Kong's Hang Seng Index fell 0.32% to 22,924.50;

CSI 300 rose 0.31% to 3,347.08;

Shanghai's Composite Index rose 0.22% to 3,091.50;

Shenzhen Composite added 0.33% to 2,025.32;

Hang Seng China Enterprise fell 0.22% to 9,581.66;

Taiwan's Taiex rose 0.6% to 9,035.48;

South Korea's Kospi added 0.28% to 2,047.93 and

Singapore's Straits Times Index shed 0.06% to 2,839.38.

Spot gold fell US$2.12 to US$1,336.97.

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KLCI slips early Monday, key markets mixed

Blue chips developed their misfortunes early Monday on nearby store offering as the ringgit debilitated against the US dollar and raw petroleum costs slipped.

At 10am, the KLCI was down 0.83 of a point or 0.05% to 1,686.85. There were 229 gainers, 236 washouts and 299 counters unaltered. Turnover was 488.73 million shares esteemed at RM207.36mil.

The dollar fortified as hawkish remarks from a Federal Reserve official helped the probability of a US financing cost build this year. The yen's retreat was prodded by prospects for further financial facilitating in Japan, while Asian stocks were blended, Bloomberg reported.

The ringgit opened lower against the US dollar on declining oil costs and a bounce back in the US dollar, as indicated by Bernama.

Oil fell after the longest keep running of additions in four years as Iraq looks to expand sends out in the midst of a worldwide shade of rough inventories. US light rough fell 45 pennies to US$48.07 a barrel while Brent dropped as much as 54 pennies to US$50.34 a barrel.

At Bursa Malaysia, shopper stocks were among the top washouts as Dutch Lady fell 78 sen to RM60 and F&N was down 10 sen to RM24.40. Berjaya Food bounced back 13 sen to RM1.40.

Lii Hen lost 19 sen to RM3.19 on benefit taking. Its 2QFY16 net benefit grew 34.4% on-year to RM17.02mil on better US dollar conversion scale. TriPlc lost 15 sen to RM1.71 and Ajiya was down 11 sen to 87 sen.

KLK lost 18 sen to RM23.46 with only 100 shares done. Be that as it may, United Plantations climbed 50 sen to RM27.50 and Sarawak Plantations added eight sen to RM1.86.

Kossan was down eight sen to RM6.42.

SAM lost 13 sen to RM6.56, amplifying its decrease after weaker income. Be that as it may, United U-Li rose 25 sen to RM4.25.

Pos Malaysia rose 12 sen to RM3.22, arranging a recuperation after the late offering a week ago.

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KLCI ekes out small gains, key Asian markets down

Blue chips crawled up at noontime on Monday, supported by additions in Axiata and CIMB however general exchanging was unstable as key Asian markets fell on stresses of a US loan fee climb.

At 12.30pm, the FBM KLCI was up 1.02 focuses or 0.06% to 1,688.70. Turnover was 1.05 billion shares esteemed at RM608.36mil. There were 278 gainers, 398 failures and 356 stocks unaltered.

Asian shares slipped and the US dollar pulled far from a week ago's lows on desires that a sign may rise up out of a Federal Reserve assembling this week in Jackson Hole, Wyoming that the US national bank is adapting to climb loan fees.

The dollar expanded increases against the yen and euro. The ringgit debilitated against the US dollar to 4.0328 from 4.0157 however solidified against the pound sterling to 5.2599 from 5.2762 and was at 2.9815 to the Singapore dollar from 2.9868. It solidified against the Euro to 4.5496 from 4.5500.

CIMB rose two sen to RM4.69 while Maybank and AmBank were level at RM8 and RM4.40, Hong Leong Bank and Public Bank lost two sen each to RM13.14 and RM19.80 while RHB Bank shed one sen to RM5.

Rough palm oil for third-month conveyance fell RM20 to RM2,558 per ton. FGV rose five sen to RM2.34, IOI Corp, Sime Darby and PPB Group were level at RM4.44, RM8.14 and RM16 separately yet KL Kepong lost 10 sen to RM23.54.

Concerning purchaser stocks, Berjaya Food bounced back on a cheery income viewpoint and BAT added 12 sen to RM50.10 however Dutch Lady fell RM1.16 to RM59.62 and Carlsberg lost 16 sen to RM15.04.

Lii Henn slipped 20 sen to RM3.18 on benefit taking. Its 2QFY16 net benefit grew 34.4% on-year to RM17.02mil on better US dollar conversion scale

With respect to telcos, Axiata rose three sen to RM5.76, Telekom one sen to RM6.81 while Maxis and Digi were level at RM6.26 and RM5.

Joined U-li bounced back 31 sen to RM4.31 after the late selldown. SAM edge dup nine sen to RM6.78.

Reuters reported oil costs fell on Monday as experts questioned forthcoming maker talks would get control over oversupply, saying that Brent would likely fall back underneath US$50 a barrel as August's more than 20% unrefined rally looks exaggerated. US light raw petroleum fell 43 pennies to US$48.09 and Brent lost 66 pennies to US$50.22.

Petronas Chemicals, Petronas Gas and Petronas Dagangan added two sen each to RM6.66, RM22.14 and RM23.52 individually and SK Petro was unaltered at RM1.59.

Among the key provincial markets,

Japan's Nikkei 225 rose 0.33% to 16,600.09;

Hong Kong's Hang Seng Index fell 0.33% to 22,860.96;

CSI 300 fell 0.64% to 3,343.61;

Shanghai's Composite Index lost 0.63% to 3,088.37;

Shenzhen Composite lost 0.74% to 2,029.49;

Hang Seng China Enterprise lost 0.77% to 9,531.94;

Taiwan's Taiex lost 0.92% to 8,951.58;

South Korea's Kospi slipped 0.65% to 2,042.92; and

Singapore's Straits Times Index fell 0.13% to 2,840.35.

Spot gold fell US$6.97 to US$1,334.50.

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Metals consolidate in quiet trading, but generally are holding up well

The base metals attempted higher yesterday and at the highs of the day the metals were up a normal of 1.2 percent, yet they pulled back by the near wind up a normal of 0.4 percent. Aluminum pursued into offering setting a crisp high for the year at $1,709, it shut down 0.7 percent at $1,683. Nickel and zinc were up 0.9 percent, while copper rose 0.7 percent to $4,809. Valuable metals were blended, gold costs quit for the day percent at $1,351.75, silver shut off 0.2 percent, platinum was up 0.7 percent, while palladium revitalized 2.2 percent.

Toward the beginning of today, the base metals are blended between unaltered to down marginally, copper is at $4,808, generally where it was this time yesterday, tin is additionally minimal changed, while the rest are off between 0.1 percent for aluminum and 0.4 percent for lead. Volume stays low at 2,509 parcels – this has been one of the calmest weeks as far as early exchanging volume we have found in quite a while.

Valuable metals are down 0.4 percent by and large at the beginning of today with gold costs at $1,347.40.

In China, the base metals are up 0.3 percent by and large, driven by a 0.9 percent in lead, the rest are up somewhere around 0.1 and 0.3 percent with copper up 0.2 percent at Rmb 37,300. Spot copper in Changjiang is minimal changed at Rmb 37,170-37,290. The spread is level and the LME/Shanghai copper arb proportion is at 7.76.

In different metals in China, iron mineral costs are up 1.7 percent, steel rebar is up 0.6 percent, gold costs are up 0.1 percent and silver is off 0.3 percent. In global markets, Brent rough is up at $50.96.

Values were somewhat light yesterday with the Euro Stoxx 50 up 0.5 percent while the Dow shut everything down percent and in Asia the business sectors are blended with the Nikkei up 0.5 percent, the Hang Seng is up 0.3 percent, the CSI 300 is off 0.3 percent, the ASX 200 is up 0.3 percent and the Kospi is off 0.1 percent.

In FX, the yen is off its highs, last at 100.18, the dollar record is at 94.33, the low yesterday was 94.08, the euro is at 1.1334, sterling is at 1.3140 and the aussie is weaker at 0.7641. The yuan is weaker at 6.6447, as are the greater part of the developing business sector coinage we take after, while the rouble is firmer at 63.57.

The financial logbook is light, Japan's all enterprises movement rose one percent, after a 1.3 percent decay already, Germany's PPI is out later just like the UK open area getting prerequisite.

The base metals are part between those attempting to push higher, principally aluminum, lead and zinc, while tin is uniting and copper and nickel are attempting to abstain from auctioning off. Aluminum's turn once more from crisp highs and with different markets giving off an impression of being topped, recommends there is overhead offering around – presumably maker offering. This should be assimilated if the revitalizes are to augment, yet with volumes light that may take some doing. The basic patterns, in any case, still appear to be to the upside, regardless of the fact that assessment is for the most part not that bullish.

Gold costs keeps on exchanging sideways in high ground and appear to sit tight for an impetus to move higher once more, there is a peril of stale long liquidation ought to that impetus not rise. Silver is floating as it combines, while the PGMs keep on consolidating, yet look more grounded generally speaking.

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Crude oil in a bull market, KLCI sluggish early Friday

Blue chips fell early Friday, dragged around misfortunes in Petronas-connected stocks in dainty exchange however with unrefined petroleum costs actually in a buyer market, this could blend enthusiasm for the oil and gas stocks.

At 9.19am, the FBM KLCI was down 0.63 of a point or 0.04% to 1,694.24. Turnover was 244.31 million shares esteemed at RM79mil. There were 185 gainers, 129 washouts and 238 counters unaltered.

Outside assets were net purchasers on Thursday at RM128.5mil and retail financial specialists joined in additionally at RM24mil. Nearby organizations were net venders at RM152.5mil

Reuters said Brent raw petroleum costs plunged in early Asian exchanging hours on Friday, yet stayed close to two-month highs with Brent as yet holding above US$50 per barrel in a bull-run that has lifted the business sector by more than 20% since early August. US unrefined was up 0.2% percent at US$48.33 a barrel.

US light rough and Brent have risen more than 20% from a low toward the beginning of August on news the Organization of the Petroleum Exporting Countries (OPEC) and other key exporters may restore chats on solidifying yield levels when they meet in Algeria one month from now.

Reuters said the quick ascent puts oil, in fact, in a buyer market.

Asian stocks edged up on Friday as Wall Street profited from light unrefined petroleum costs and desires US acquiring expenses will stay at stimulatory levels at any rate until year-end. Japan's Nikkei included 0.5% and South Korea's Kospi attached on 0.2%. Australian shares included 0.1%.

At Bursa, Petronas Dagangan fell 38 sen to RM23.12, Petronas Gas 14 sen lower at RM22 and Petronas Chemicals five sen down at RM6.61. Petron added 24 sen to RM4.48 after the better results.

SAM Engineering amplified its misfortunes for the third day, down 10 sen to RM6.80 however SLP added 12 sen to RM2.32 and SCGM 10 sen to RM3.04. The three stocks fell forcefully on Thursday.

Gaming organization Magnum lost eight sen in dynamic exchange after it reported a fall in income.

Manors timber organization Ta Ann lost six sen to RM3.58 and KL Kepong four sen lower at RM23.32 in meager exchange however NSOP added 13 sen to RM4.06.

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PRECIOUS-Gold treads water on U.S. Fed rate views; awaits July minutes

Gold was minimal changed at an early stage Wednesday as hawkish remarks from U.S.
Central bank authorities raised wagers on a rate climb this year and brokers
anticipate minutes of the last Fed approach meeting for more pieces of
information. 

Basics

Spot gold was about level at $1,345.80 an ounce at 0104 GMT. The metal rose 0.5
percent on Tuesday. 

U.S. gold slipped 0.4 percent to $1,351.90 anounce. 

The Fed is raising desires for a loan fee rise this year, even as right on time
as one month from now, after two policymakers on Tuesday said the financial
stars now have all the earmarks of being adjusting in spite of frail U.S.
monetary development in the primary portion of 2016. 

New York Fed President William Dudley said a rate climb in September was
conceivable, while Atlanta Fed President Dennis Lockhart said the U.S. economy
is likely sufficiently solid for at slightest one rate increment before the end
of 2016, with two a plausibility. 

Traders saw a 55 percent chance for the Fed to raise rates in December, up from
42 percent on Monday. 

U.S. buyer costs were unaltered in July as the expense of fuel fell without
precedent for five months and basic swelling directed, while U.S. lodging
begins out of the blue climbed and modern creation climbed more than figure in
the same month. 

The dollar edged far from 7-week lows against the yen and euro on Wednesday
taking after hawkish remarks from the Fed authorities. 

The dollar file was minimal changed at 94.811 after losing 0.8 percent on
Tuesday, when it touched a 7-week trough of 94.426. 

Holdings of SPDR Gold Trust, the world's biggest gold-upheld trade exchanged
asset, rose 0.19 percent to 962.23 tons on Tuesday.





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Gold Price Today in Malaysia

This is the gold price calculator in Malaysia in Malaysian Ringgit (MYR). Enter the amount of gold in grams and kilograms and select the carat. Also, optinally, you can enter the gold price spread in percentage to calculate the bid and ask price of gold  (The default price spread is set at 5 percentage).

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Gold edges higher as dollar crashes on reduced Fed rate hike bets

Gold costs edged higher in European exchange on Tuesday, developing increases from the earlier session as baffling U.S. financial information tempered desires of a close term loan cost climb by the Federal Reserve, weighing on the dollar.

Gold for December conveyance on the Comex division of the New York Mercantile Exchange attached on $7.25, or 0.54%, to exchange at $1,354.75 a troy ounce by 06:50GMT, or 2:50AM ET.

A day prior, gold crawled up $4.30, or 0.32%, after information demonstrated the New York Federal Reserve's list of assembling conditions surprisingly contracted in August, raising worries about the quality of second from last quarter financial development.

The disillusioning report drove speculators to push back desires for the following U.S. rate climb. Bolstered reserves fates are presently estimating in only a 9% shot of a rate climb by September. December chances were at around 42%.

Gold is touchy to moves in U.S. rates, which lift the open door expense of holding non-yielding resources, for example, bullion. A progressive way to higher rates is seen as to a lesser degree a danger to gold costs than a quick arrangement of expansions.

The U.S. dollar record, which measures the greenback's quality against an exchange weighted crate of six noteworthy coinage, drooped to an over one-week low of 95.03. It was last at 95.07 by early Tuesday, down 0.5% on the day.

Dollar shortcoming as a rule advantages gold, as it helps the metal's allure as an option resource and makes dollar-valued products less expensive for holders of different monetary standards.

The yellow metal played with an over two-year high over the $1,370-level prior this prior month going under weight as a strong U.S. work report restored theory of a U.S. loan cost climb in the coming months.

In any case, those trusts were dashed after the arrival of a late string of out of the blue powerless information, including retail deals and nonfarm efficiency.

U.S. expansion information due later in the day will be in center, as financial specialists endeavor to gage if the world's biggest economy is sufficiently solid to withstand an increment in obtaining costs in the coming months.

Different bits of information planned for Tuesday incorporate July lodging begins and building grants, and in addition mechanical yield for that month.

For the year, the valuable metal is up about 26%, supported by worries over worldwide development and desires of money related boost.

Additionally on the Comex, silver prospects for September conveyance climbed 18.5 pennies, or 0.93%, to exchange at $20.03 a troy ounce amid morning hours in London, while copper fates increased 0.3 pennies, or 0.16%, to $2.155 a pound.

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