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Gold eases on profit-taking, but poised for best week in 11 years

Friday,   27-Mar-2020   10:08 (IST)

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus' economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve's unprecedented economic stimulus measures. U.S. gold futures fell 0.8% to $1,638.80. Asian stocks ro...

Oil Prices Rebound After Plunging on Surging Jobless Claims

Friday,   27-Mar-2020   09:53 (IST)

Oil prices rebounded on Friday in Asia after falling overnight amid more evidence of the coronavirus' devastating impact on the U.S. economy. The U.S. Crude Oil WTI Futures rose 1.7% to $22.98 by ...

Oil prices mixed as demand shrinks, but stimulus hopes support

Thursday,   26-Mar-2020   09:18 (IST)

Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergenc...

Gold falls on cash run, markets await U.S. stimulus

Thursday,   26-Mar-2020   09:16 (IST)

Gold prices fell on Thursday as investors scurried for liquid cash while awaiting the passage of a $2 trillion dollar U.S. stimulus package to combat the economic impact of the coronavirus epidemic. S...

Gold Extends Surge After Fed Unveils Measures to Support Economy.

Tuesday,   24-Mar-2020   09:16 (IST)

Gold extended gains after the Federal Reserve took unprecedented measures to shore up the U.S. economy, which has been hit by the spread of the coronavirus. In a surprise announcement Monday, the U.S....

Oil Prices Rise on Possible U.S.-Saudi Alliance

Tuesday,   24-Mar-2020   09:13 (IST)

Oil prices rallied Tuesday morning in Asia as the U.S. indicated the possibility of an alliance with Saudi Arabia to stabilise prices. International Brent Oil Futures rose 2.55% to $28.19 by 9:50 PM E...

Oil Prices Fall Again as OPEC Deals Fails to Materialise

Monday,   23-Mar-2020   09:42 (IST)

Oil prices plummeted to their lowest levels since 2003 as an anticipated deal between OPEC and the U.S. failed to materialise. Monday morning in Asia, International Brent Oil Futures fell 4.09% fall t...

Gold Prices Earn Reprieve as U.S. Dollar Weakens

Monday,   23-Mar-2020   09:15 (IST)

Gold prices rose Monday morning in Asia as the U.S. dollar weakened, earning a bit of a reprieve from falls last week. Gold Futures briefly topped the $1,500 mark, opening at $1,506.15 before settling...

Gold gains but set for weekly drop amid flight for cash

Friday,   20-Mar-2020   09:25 (IST)

Gold prices rose on Friday after a fall in the previous session, but the metal was on track to post its second weekly drop due to a rush for cash amid the widening economic fallout from the coronaviru...

U.S. crude climbs after White House comments on Saudi-Russia dispute

Friday,   20-Mar-2020   09:20 (IST)

U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia ...