Gold prices fell to a more than one-week low on Monday as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. Spot gold fell 0.2% to $2,394.18 per ounce, as of 1837 GMT. U.S. gold futures settled…
The Hang Seng Index opened 0.2% lower at 17,606.47 in Hong Kong. Meituan contributed the most to the index decline, decreasing 1.5%. BYD Electronic International Co. had the largest drop, falling 4.0%. In early trading, 46 of 82 shares fell, while 29 rose; 2 of 4 sectors were lower, led by commerce and industry stocks….
Oil was steady near a six-week low as traders waited for fresh clues on market balances, including the outlook for US stockpiles. Global benchmark Brent held above $82 a barrel after shedding more than 3% over the previous two sessions, while West Texas Intermediate was near $78. The drop came amid sales by algorithmic traders, and as…
