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Gold edges lower as economies open up

Tuesday,   02-Jun-2020   09:04 (IST)

Gold prices inched lower on Tuesday on signs of economic recovery as more countries ease lockdown curbs, while protests in the United States, Sino-U.S. tensions and a weaker dollar limited losses. Spot gold was down 0.1% at $1,738.12 per ounce, as of 0110 GMT. U.S. gold futures rose 0.2% to $1,753.70. In a sign that the worst of the economic downturn from the coronavirus pandemic might be over, U.S. manufacturing activity ticked up slightly from a 11-year low. China's factory activity unexpectedly returned to growth in May as restrictions eased, but the improvement was marginal as export o...

Oil Mixed Over Continually Increasing U.S.-China Tensions

Tuesday,   02-Jun-2020   09:02 (IST)

Oil was mixed on Tuesday morning in Asia, with caution over mounting U.S.-China tensions mingling with optimism over the possibility of an extension of OPEC production cuts. Brent oil futures rose 0.2...

Gold rises as U.S. riots, HK tensions lift safe-haven appeal

Monday,   01-Jun-2020   09:05 (IST)

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening Sino-U.S. rift, fanning concerns of a fresh economic setback and drove trade...

Oil prices slip as wary traders eye upcoming OPEC+ meeting

Monday,   01-Jun-2020   09:01 (IST)

Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend recor...

Gold clocks up as U.S.-China tensions sour risk appetite

Friday,   29-May-2020   08:58 (IST)

Gold prices ticked up on Friday as the Sino-U.S. rift deepened over further moves by Beijing to impose a security law on Hong Kong, lifting the allure of safe havens amid market uncertainties caused b...

Oil prices fall as U.S. fuel demand remains weak

Friday,   29-May-2020   08:56 (IST)

Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer while worsening U.S.-China tensions weighed on global financial markets...

Gold gains as Hong Kong unrest stirs risk aversion

Thursday,   28-May-2020   08:58 (IST)

Gold prices rose on Thursday as tensions between the United States and China over a Hong Kong security law escalated, while fresh stimulus measures by several economies to mitigate the coronavirus fal...

Oil Mixed as U.S.-China Tensions Heat Up

Thursday,   28-May-2020   08:55 (IST)

Oil was mixed on Thursday morning in Asia, with the black liquid clawing back some losses from its second venture into negative territory during the previous session. U.S.-China tensions heated up ove...

Gold flat as Hong Kong concerns offset reopening optimism

Wednesday,   27-May-2020   09:01 (IST)

Gold traded flat on Wednesday as concerns about the U.S. response to China's proposed security law for Hong Kong countered optimism about a re-opening of the global economy. Spot gold was unchange...

Oil slips on demand worries, Hong Kong tensions

Wednesday,   27-May-2020   08:58 (IST)

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative se...