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…
Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 32 cents, or 0.4%, to $76.87 a barrel by 0413 GMT, while U.S….
The yen stood firm on Monday as the Bank of Japan (BOJ) kicked off a two-day meeting that could be crucial in determining the timing of the end of the central bank’s ultra-loose stance on interest rates. The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg…
Gold steadied following Friday’s dip as investors assess the path for US interest rates next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials to begin thinking about cutting borrowing costs. Atlanta Fed President Raphael Bostic told Reuters he expects rate cuts starting in the…
