Oil fluctuated near a seven-month low as a selloff in wider financial markets countered rising tensions in the Middle East, with traders watching for a potential retaliatory strike on Israel by Iran. Brent futures traded around $77 a barrel after closing at their lowest level since early January on Friday, while West Texas Intermediate held near…
The yen surged to its highest level since January and stocks tumbled, with investors betting the Bank of Japan will keep raising interest rates after last Wednesday’s hike. USD/JPY dropped as much as 1.2% to 144.77, while Japan’s benchmark 10-year bond yield fell to its lowest since April, slipping as much as 17 basis points Leveraged funds were…
Prices of safe-haven gold were flat on Monday as some profit-taking partially offset support from U.S. recession jitters and rising expectations of a September rate cut from the Federal Reserve. Spot gold held its ground at $2,443.44 per ounce, as of 0335 GMT, after falling 1% earlier in the session. U.S. gold futures rose 0.7%…
