Gold is higher in early Asian trade after retreating overnight. In focus is the latest U.S. inflation data, which showed that consumer prices in August rose at the quickest pace in over a year. The figures suggest the Fed could stay on course to hold...
The dollar outperformed its Group-of-10 peers amid speculation the US inflation data for August will print stronger than expected and boost Treasury yields higher. The yen weakened. USD/JPY advanced 0.2% to 147.39, adding to Tuesday’s 0.3% rally. US August inflation data due later Wednesday; CPI is expected to...
Gold held near a two-week low before inflation data that’s expected to give a clearer picture of the US interest-rate path. The US CPI for August, to be released Wednesday, will provide evidence on the effectiveness of the Federal Reserve’s inflation-busting tightening campaign and whether further hikes are...
Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose...
Gold futures settled higher Monday for a second straight session, supported by a pullback in the U.S. dollar. Investors await Wednesday’s U.S. CPI data, which can provide clues on the Federal Reserve’s interest-rate decision later this month. “Gold could have a make-or-break moment this week, which...
Oil prices ended a bit lower on Monday, easing back after logging a more than 2% gain last week. While demand concerns continue to “headline downside risk” for oil, fundamental conditions remain undersupplied for now, as has been clear from strong draws to commercial U.S. crude...
The yen advanced against all Group-of-10 currencies and government bonds slumped as traders reacted to potentially hawkish comments from Bank of Japan Governor Kazuo Ueda on the negative interest rate policy. Japanese bank shares also jumped after Ueda told the Yomiuri newspaper it’s possible the BOJ will have enough information...
Gold was steady ahead of a key US consumer-price index report due midweek, which will help inform the outlook for the Federal Reserve’s interest rate path. The figures are expected to show the biggest monthly jump in 14 months, as the US economy appears to be holding up against...
Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate traded near $87 a barrel after a 2.3% advance last week. The 9-day relative strength index for WTI has been above a level signaling...
The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a...