Gold steadied after dropping by the most in two weeks on Monday ahead of the Federal Reserve chief’s address to the Congress and US inflation data later this week, with both events likely to offer clues on the interest-rate path. Bullion traded at around $2,362 an ounce following a 1.4% decline in the previous session before…
Hong Kong stocks opened on the front foot Tuesday morning, with investors brushing off losses on Wall Street as they prepare for a series of key US data this week. The Hang Seng Index added 0.45 percent, or 74.86 points, to 16,548.50. The Shanghai Composite Index was flat, inching up 0.62 points to 3,026.92, while…
Oil steadied after the biggest gain in a week, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia. Global benchmark Brent traded below $87 a barrel after rising 1.6% on Monday, while West Texas Intermediate was near $82. OPEC+ delegates aren’t seeing a need to change supply policy at…
Gold prices were stuck in a tight range on Tuesday as investor focus turned to U.S. inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. U.S. gold…
Oil edged lower after a weekly drop as traders awaited a fresh raft of clues about global crude demand and balances in March and beyond. Brent dipped toward $82 a barrel after losing more than 2% last week, with US counterpart West Texas Intermediate above $76. Market outlooks will come this week from International Energy Week in London,…
Japanese equities are extending their rally after the Nikkei 225 reached a record high last week. Monday’s advance was led by gains in the wholesale trading sector after Berkshire Hathaway reported an unrealized gain in Japan’s five largest trading houses of $8 billion. Topix Index rose 0.4% to 2,671.78 as of 9:09 a.m. Tokyo time. Nikkei advanced 0.5% to…
