Oil posted its biggest weekly drop in 11 months as a weak US jobs report added to concerns about tepid demand in the world’s largest consumer of crude. West Texas Intermediate fell 2.1% to settle at $67.67 a barrel, cementing the biggest weekly plunge since October 2023. While the US jobs data released Friday increased speculation that the Fed…
Sep 18 2024, 06:36 Oil steadied after closing at the highest in more than two weeks as traders assessed rising tensions in the Middle East, a mixed US stockpiles report, and the likely course of Federal Reserve interest-rate policy. West Texas Intermediate traded above $71 a barrel after rising by nearly 4% in the prior two…
Dec 18 2024, 14:19 Indeks Harga Konsumen (CPI) Inggris Raya (UK) naik sebesar 2,6% secara tahunan pada November setelah mencatat pertumbuhan 2,3% pada Oktober, menurut data yang dirilis oleh Kantor Statistik Nasional (ONS) pada hari Rabu (18/12). Data tersebut sejalan dengan perkiraan pasar sebesar 2,6% dan tetap jauh di atas target Bank of England (BoE)…
Oct 1 2024, 11:18 The Japanese Yen (JPY) continued to weaken for the second straight day after the release of the Bank of Japan (BOJ) Summary of Opinions from its September Monetary Policy Meeting, along with mixed economic data on Tuesday. The content of the summary indicated no immediate plans for additional interest rate hikes,…
Feb 19 2025, 08:17 Gold edges lower in early Asian trade as traders weigh continued signs of strength in the U.S. economy against policy uncertainties that have fueled a surge in demand for the haven metal. “Trump’s policies have proven to create an environment of strength,” says Raddington Group CEO Yassin K. Fawaz. With inflation…
Gold rose to another record, extending Monday’s surge as the prospect of a looming US government shutdown clouded the Federal Reserve’s monetary policy path ahead of next month’s interest-rate decision. Bullion gained as much as 0.9% to an all-time $3,867.25 an ounce, eclipsing the peak reached in the previous session when it closed up 2%. A…
