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Single-window export policy to strengthen Indonesia bargaining position
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The Indonesian government is pushing a single-window export policy to boost competitiveness in global commodity trade including palm oil and mining.
Metal stocks saw a sharp downturn Tuesday with the Nifty Metal Index falling 3.2 percent.
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Gold prices fell on Friday, on track for a third straight weekly decline. The drop stems from a firmer U.S. dollar and hawkish signals from the Federal Reserve.
중국광물자원그룹(CMRG)이 BHP와 짐블바 파인즈(Jimblebar fines) 철광석에 대해 위안화 연동 가격을 적용하는 장기 계약을 체결했다. 분석가들은 이번 계약이 철광석 가격 벤치마크에 중국 시장 데이터를 포함시킨 첫 사례라고 평가했으나, 철광석 거래에서 미 달러화의 지배력은 여전히 공고하다.
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The National Strategic Food Price Information Center (PIHPS), managed by Bank Indonesia, records chicken eggs at Rp32,000 per kilogram and shallots at Rp45,950 per kg at the national retail level. The data was released on Friday morning at 06:35 WIB in Jakarta. Prices for other strategic food commodities were also noted as stable.
Gold prices remained stable as investors weighed economic fallout from the Middle East conflict ahead of a US Federal Reserve decision. Renewed Iranian attacks and the killing of a senior Iranian official have heightened tensions, disrupting oil supplies and driving prices above $100 a barrel.
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Gold prices on India's MCX dropped sharply by Rs 3,000 per 10 grams as investors adopted a cautious stance before the US Federal Reserve policy meeting. Factors including profit booking in global markets, rising oil prices, and ongoing geopolitical tensions in West Asia contributed to the volatility in bullion trading. Analysts advise a sell-on-rise strategy amid these conditions.
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