Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to $84.28 a barrel by 0630 GMT, while U.S. West Texas Intermediate…
European stocks opened lower Tuesday as investors assess the economic and political outlook in the region and beyond. The pan-European Stoxx 600 was down 0.5% as all sectors and major bourses traded in the red. Mining stocks led losses, down 0.97%, while autos also sank 0.9%. Shares of German fashion house Hugo Boss plunged more…
Gold price might reach for record highs with Fed rate cuts now in sight and as uncertainty over the U.S. elections increase safe-haven flows toward bullion, according to Phillip Nova analyst Priyanka Sachdeva in a research note. The precious metal has had three straight weekly gains and is on track for its sixth consecutive month…
