Oil prices rose in early trade on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. Brent crude futures were up 23 cents, or 0.3%, to $79.62 a barrel by 0121 GMT,…
The dollar rose against most of its Group-of-10 peers as traders awaited the release of a key inflation gauge that may help shape the outlook for US monetary policy. USD/JPY climbed from an intraday low of 141.87 on fix-related demand, according to a trader. Most currencies traded in a narrow range heading into the year-end…
Gold prices hit their highest level in nearly three weeks on Friday as rising bets on Federal Reserve interest rate cuts early next year pushed the dollar and bond yields lower ahead of eagerly awaited U.S. inflation data. Spot gold was up 0.2% at $2,049.20 per ounce, as of 0513 GMT, after hitting its highest…
