Gold prices edged up on Friday and are poised to post a fifth consecutive weekly gain after the Fed’s first interest rate cut of the year. Spot gold rose 0.2% to $3,650.89/oz (08:17 GMT), while December futures rose 0.1% to $3,683.40; on a weekly basis, bullion is up 0.2%. The main driver remains the Fed’s…
Oil was little changed after advancing last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year. Brent traded near $67 a barrel, after adding 2.3% last week, while West Texas Intermediate was below $63. US President Donald Trump reiterated calls that Europe must stop buying oil from…
Silver prices (XAG/USD) weakened slightly and held near 14-year peaks in early Asian trading on Monday, hovering around $42 per troy ounce as markets await the Fed’s decision this week. Economists’ consensus points to a 25-bps rate cut as the first baseline scenario in nine months, maintaining interest in the yield-free precious metal. Real-time data…
Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and…
Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early trade on Monday, marking gains for the second session. Sentiment was supported by a modest rise in U.S. futures ahead of the Fed’s policy meeting later this week, where the central bank is widely expected to cut rates by 25bps, though some traders…
Oil prices fell in Asian trading on Friday (September 12th), fueled by concerns about slowing global demand and rising supply. However, Brent and WTI crude oil still recorded slight gains this week, supported by geopolitical tensions between Russia and Ukraine and conflicts in the Middle East. Brent for November weakened 0.5% to $66.03 per barrel,…
