Gold extended gains after rising by the most in three weeks on Friday as US inflation expectations fell to the lowest in more than two years. The reading is likely to encourage Federal Reserve policymakers to reinforce expectations they will hold rates at this week’s meeting. However, the outlook...
Oil held near a 10-month high as OPEC+ supply cuts tightened the global market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address an industry conference on the kingdom’s crude policy and outlook. Global benchmark Brent traded near $94 a barrel following a three-week run of gains that boosted...
Gold was steady in Asia after rising 0.7% on Friday as US inflation expectations fell to the lowest in more than two years. The reading is likely to encourage Federal Reserve policymakers to reinforce expectations they will hold rates at this week’s meeting. However, the outlook for borrowing costs...
The U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets. The Bank of Japan's policy meeting on Friday is...
Dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency's strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S....
Oil headed for a third weekly gain as the market continued to tighten on the back of supply curbs from Saudi Arabia and Russia. West Texas Intermediate edged higher on Friday after crossing the $90 a barrel mark on Thursday for the first time since November. The International Energy...
Gold headed for a second straight weekly decline as persistent inflationary pressures in the US increased the likelihood that the Federal Reserve will keep tightening monetary policy. On Thursday, data showed both the producer price index for final demand and retail sales grew more than expected. That followed the...
The dollar fell against most G-10 peers in view of Treasury yields, which extended declines as Fed bets remain unmoved by a beat in core US inflation for August. The Bloomberg Dollar Spot Index fell as much as 0.2% after ending lower on Wednesday. The yen led gains...
Gold steadied after falling for a second day, as fresh US inflation data indicated the Federal Reserve may implement further monetary tightening this year. The core consumer price index, which excludes food and energy costs, rose 0.3% in August from a month before, above the median economist forecast. Swaps traders now...
Oil climbed toward a 10-month high after the International Energy Agency added to warnings of a supply shortfall. West Texas Intermediate traded near $89 a barrel, after dipping 0.4% on Wednesday. Demand will eclipse supply by 1.2 million barrels a day on average during the second half, the IEA projected...