Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for U.S. inflation data for further queues. Brent crude futures fell 80 cents, or 0.9%, to $85.81 per barrel, while U.S. crude futures fell $1.05, or 1.3%, to $79.09 per barrel. Both benchmarks are Read More
Archive:February 14, 2023
Gold prices edged higher on Tuesday as the dollar slipped, with investors positioning for a U.S. inflation report that could influence the Federal Reserve’s interest rate strategy. Spot gold was up 0.5% at $1,861.91 per ounce after falling to its lowest since early January in the previous session. U.S. gold futures rose 0.4% to $1,870.50. Read More