Gold price (XAU/USD) extends the previous day’s sharp retracement slide from the weekly peak and remains under heavy selling pressure for the second straight day on Thursday. The downfall, though lacking any obvious fundamental catalyst, drags the commodity to a two-week low, around the $2,370 level during the Asian session. That said, a combination of…
Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel by 0343 GMT. U.S. West Texas Intermediate crude for September increased 38 cents, or 0.5%,…
Japanese stocks plummeted on Wednesday, tracking US market declines, as disappointing technology earnings overshadowed a yen rally to a six-week high ahead of a potential rate hike at next week’s central bank meeting. The Nikkei 225 dropped 1.11%, or 439.54 points, to 39,154.85. Traders had hoped tech earnings would extend the global stock rally, but…
Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve’s rate-cut timeline. Spot gold was up 0.3% at $2,416.62 per ounce, as of 0402 GMT. U.S. gold futures gained 0.4% to $2,417.10. Investors expect key U.S. data releases this week, including the second-quarter gross domestic product (GDP)…
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….
