Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 71 cents, or 0.8%, to $84.98 per barrel, after falling 0.6% Read More
Gold dipped on Monday, extending its steep sell-off from the previous session, as U.S. bond yields and the dollar strengthened. Spot gold fell 0.2% to $1,764.22 per ounce by 0701 GMT, after Friday’s 1.6% slide. U.S. gold futures declined 0.2% to $1,764.70. Denting gold’s appeal by raising the non-yielding asset’s opportunity cost, benchmark U.S. 10-year Read More
Gold prices hit their highest in almost a month on Thursday, drawing support from a subdued dollar and U.S. bond yields as investors assessed whether the Federal Reserve would tighten its monetary policy as early as anticipated. Spot gold rose 0.3% to $1,797.27 per ounce by 0920 GMT, having earlier hit its highest since Sept. 15 Read More
Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand. A strong U.S. dollar, trading near a one-year high, also weighed on oil prices, as it makes oil more expensive for those holding other currencies. Read More
Gold prices edged higher on Tuesday drawing strength from rising inflation fears that has rattled financial markets, although concerns over looming U.S. Federal Reserve tapering limited gains. Spot gold rose 0.2% to $1,757.84 per ounce by 0904 GMT, while U.S. gold futures were up 0.1% at $1,757.70. Risk sentiment in wider financial markets was subdued, as inflation fears Read More
Gold eased slightly on Monday as the dollar firmed on expectations that the Federal Reserve would move forward with its plans to taper economic support despite U.S. September jobs data falling short of forecasts. Spot gold fell 0.2% to $1,752.68 per ounce by 0942 GMT, while U.S. gold futures eased 0.2% to $1,753.20. Spot silver Read More
Gold was little changed on Friday as investors stayed on the sidelines awaiting the confirmation of a strengthening U.S. labour market that could keep the Federal Reserve on track to start unwinding economic stimulus this year. Spot gold rose 0.1% to $1,757.10 per ounce by 0905 GMT, while U.S. gold futures fell 0.2% to $1,756.00. Read More
Gold fell on Wednesday, holding below the key technical $1,750 level, as Treasury yields and the dollar gained in the run-up to Friday’s U.S. labor market report that could influence the Federal Reserve’s tapering schedule. Fundamentals Spot gold fell 0.7% to $1,747.61 per ounce by 0923 GMT, while U.S. gold futures shed 0.8% to $1,747.50. Investors flocked to Read More
Gold prices inched up on Thursday but hovered near a seven-week low, constrained by a strong dollar and expectations of the U.S. Federal Reserve winding down stimulus measures soon. Fundamentals Spot gold was up 0.2% at $1,729.83 per ounce by 0054 GMT. Prices fell to their lowest level since Aug. 9 at $1,720.49 on Wednesday. U.S. gold futures were up 0.4% Read More
Gold prices were flat near a seven-week low on Wednesday, pressured by a rise in the dollar and U.S. Treasury yields on growing expectations of an earlier-than-anticipated interest rate liftoff. Fundamentals Spot gold was flat at $1,735.17 per ounce by 0123 GMT. On Tuesday prices fell to their lowest level since Aug. 11 to $1,726.19. Read More
Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier in Read More
Gold fell 1% on Thursday, pressured by an uptick in treasury yields and an appetite for riskier assets, as investors continued to position themselves for a sooner-than-expected interest rate hike from the U.S. Federal Reserve. Spot gold declined 0.9% to $1,751.56 per ounce by 2:11 a.m. ET and U.S. gold futures settled 1.6% lower at $1,749.80. “We have Read More
Gold prices slipped in volatile trade on Wednesday after the U.S. Federal Reserve signaled a sooner-than-expected interest rate hike and easing of its bond purchases by the middle of next year. Spot gold fell 0.4% to $1,767.38 per ounce by 1943 GMT, while U.S. gold futures settled up 0.03% to $1,778.80. Federal Reserve Chair Jerome Read More
Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC members struggle to raise output and by a general sense of energy Read More
Gold prices were flat on Tuesday as investors adopted a risk-averse stance amid caution ahead of U.S. Federal Reserve’s policy meeting where the central bank is expected to provide cues on when it will begin tapering its asset purchases. Bullion is considered as a hedge against inflation and currency debasement likely resulting from the widespread stimulus. Read More
Gold prices were pressured on Monday, hurt by a stronger dollar and concerns the U.S. Federal Reserve might hint at when it intends to begin tapering its asset purchases in its upcoming meeting. Spot gold was little changed at $1,755.84 per ounce, having earlier touched its lowest level since Aug. 12 at $1,741.86. U.S. gold Read More
Gold prices drifted lower on Thursday, with a firmer dollar and U.S bond yields diminishing its appeal, as investors turned their attention to next week’s U.S. Federal Reserve meeting for clues on when it would begin tapering its stimulus. Fundamentals Spot gold was 0.5% down at $1,784.35 per ounce by 0859 GMT, while U.S. gold Read More
Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline. Spot gold was down 0.2% at $1,800.38 per ounce, but slightly off a one-week peak of $1,808.50 hit on Tuesday, in part because the dollar recovered some ground Read More
Gold prices edged lower on Tuesday as a stronger dollar crimped bullion’s appeal ahead of U.S. inflation data that could offer cues on the possible timeline for the Federal Reserve’s tapering. Fundamentals Spot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. U.S. gold futures eased 0.1% to $1,792.10. The dollar index was steady Read More
Gold bounced above $1,800 on Friday, buoyed by bets that central banks may keep interest rates relatively low to stave off lingering growth risks. But an overall uptick in the dollar, while investors tried to gauge the timing of the U.S. Federal Reserve’s taper timeline, kept bullion on course for a weekly decline. Spot gold Read More
