Commodity of the Day (04/09/2024)

Watch Commodity of the Day (04/09/2024) - IDXchannel on Dailymotion

Transcript

00:00EPIC PLUS PRESENTS

00:05We have received information that the price of global coal is going down.

00:09Germany is planning to reduce our capacity to produce coal.

00:14The price of gold is getting lower while waiting for the US data.

00:18Meanwhile, the price of crude oil in the world is down by more than 4%.

00:22It is pushed to increase production by EPIC PLUS, which will start in October.

00:30The price of global coal is going down after one of the world's top 10 producers

00:35Germany is planning to reduce the capacity of coal production by about 27% in 2027.

00:42And the closure of coal-fired power plants.

00:46According to Refinitiv, the final trading time of the price of Acuan Ice Newcastle coal

00:52is 2% at the level of US$142.1 per ton.

00:57This closure eliminates the strengthening of the price of coal for two days.

01:05The price of gold is getting lower while waiting for the US data

01:10which can affect the policy of the flower species that will be announced soon by the Fed.

01:15The price of gold in the spot market is closed by a reduction of 0.26% at the level of US$2492.76 per troy ounce.

01:24This reduction makes the price of gold decline for three days with a correction of 1.1%.

01:31While in trade, the price of gold in the spot market rose by 0.03%

01:36at the level of US$2493.11 per troy ounce.

01:45The price of global oil is moving weakly in the middle of the price of oil

01:49is pushed to increase production by EPIC PLUS which will start in October

01:53and the news of the reduction of the dispute in Libya.

01:56The price of WTI raw oil is opened to weaken 0.51% at the level of US$69.89 per barrel.

02:04Raw brand oil is opened to fall 0.49% at the level of US$73.36 per barrel.

02:11Before being traded, WTI raw oil finished a drop of 4.78% at the level of US$70.25 per barrel.

02:19Raw brand oil fell 4.62% at the level of US$73.72 per barrel.

02:26Various sources of IDX channel.

02:57The price of gold also fell by 0.28% at the level of US$2516.10 per troy ounce.

03:03While the price of global oil also fell by 1.22% at the level of US$3988 per barrel.