Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran. Brent traded below $80 a barrel after rising almost 4% last week, while West Texas Intermediate was near $77. Tehran reiterated over the weekend its determination to punish Israel for…
The Hang Seng Index opened 0.4% lower at 17,019.84 in Hong Kong. Meituan contributed the most to the index decline, decreasing 2.4%. Galaxy Entertainment Group Ltd. had the largest drop, falling 4.2%. In early trading, 53 of 82 shares fell, while 27 rose; 3 of 4 sectors were lower, led by commerce and industry stocks….
Gold prices will peak in the fourth quarter as investors focus on Fed cuts, while ETF inflows and central bank buying continue to provide support against a backdrop of geopolitical risk, according to Ewa Manthey, Commodities Strategist at ING. In the bank’s monthly update, Manthey noted that gold fell along with the global equities sell-off…
