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...
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...