Sep 16 2024, 07:13 Oil was steady as traders weighed slumping Libyan crude exports against a deepening slowdown in top importer China. Brent traded near $72 a barrel after a modest gain last week, while West Texas Intermediate climbed toward $69. Libya’s exports have declined as talks led by the United Nations failed to break an impasse over…
Sep 16 2024, 12:17 Silver price (XAG/USD) continues its winning streak that began on September 9, trading around $31.00 per Troy ounce during Monday’s Asian session. The non-yielding Silver extends its upside due to growing speculation that the US Federal Reserve will opt for a jumbo 50 basis points rate cut at its upcoming monetary…
Sep 16 2024, 10:35 Gold hit a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.4% to a high of $2,589.03 an ounce in Asia hours, following its 3.2% gain last week, ahead of the Fed’s Sept….
Sep 14 2024, 02:10 Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. Spot gold was trading at record levels, up 0.9%…
Sep 14 2024, 02:15 West Texas Intermediate (WTI) crude oil closed lower on Friday, even with supply tight as Hurricane Francine shut in 42% of U.S. Gulf of Mexico production. WTI crude for October delivery closed down US$0.32 to settle at US$68.65 per barrel, while November Brent crude, the global benchmark, was last seen down…
Sep 14 2024, 03:08 Stocks traded higher on Friday as Wall Street headed for a strong weekly gain ahead of the upcoming Federal Reserve meeting. The S&P 500 climbed 0.6%, putting the broad-market index on track for its fifth straight winning session as it trades less than 1% from its July all-time high. The Dow…
