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Gold dips on stronger dollar; Sino-U.S. trade spat in focus

Tuesday,   11-Aug-2020   08:48 (IST)

Gold prices fell on Tuesday, weighed down by a stronger dollar as investors focused on the fiscal stimulus plan in the United States and escalating U.S.-China tensions ahead of key trade talks later this week. Spot gold was down 0.3% at $2,021.32 per ounce by 0031 GMT. U.S. gold futures eased 0.3% to $2,033.60. The dollar index rose 0.1% to hold near a one-week high against its rivals, making gold more expensive for holders of other currencies. China imposed sanctions on 11 U.S. citizens including lawmakers from President Donald Trump’s Republican Party in response to Washington’s ...

Oil firms on U.S. stimulus hopes, Asian demand recovery

Tuesday,   11-Aug-2020   08:45 (IST)

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. Brent crude (LCOc1) added 7 cents, or 0.2%, to $45....

Gold holds steady on virus fears, U.S.-China tensions

Monday,   10-Aug-2020   08:52 (IST)

Gold prices steadied on Monday after a steep fall in the previous session, as concerns over a worsening COVID-19 pandemic and intensifying U.S.-China tensions underpinned the metal's safe-haven ap...

Oil Up Over Iraq Production Cuts, Saudi Aramco results

Monday,   10-Aug-2020   08:50 (IST)

Oil was up on Monday morning in Asia after Iraq said it would step up production cuts and U.S. President Donald Trump took executive action on economic aid Americans hit by the COVID-19 pandemic, reig...

Oil prices slip on uncertainty over U.S. recovery, stimulus

Friday,   07-Aug-2020   08:57 (IST)

Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United Stat...

Gold Continues to Rise, Reaches New Record High

Friday,   07-Aug-2020   08:50 (IST)

Gold was up on Friday morning in Asia, reaching another record high as U.S. treasury yields remain low and monetary policy accommodative. Gold futures rose 0.44% to $2,067.70 by 10:21 PM ET (3:21 AM G...

BOE leaves monetary policy unchanged

Thursday,   06-Aug-2020   11:38 (IST)

The Bank of England's (BOE) Monetary Policy Committee (MPC) decided to leave the policy rate unchanged at 0.1% at its June policy meeting as expected. Furthermore, the BOE held the Quantitative Ea...

Oil prices struggle to hold five-month high amid pandemic worries

Thursday,   06-Aug-2020   08:53 (IST)

Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed dec...

Gold Continues Rising After Topping $2,000 Mark

Thursday,   06-Aug-2020   08:52 (IST)

Gold was up on Thursday morning in Asia, continuing to rise after topping the $2,000 per ounce level earlier in the week and powered by ongoing weakness in the dollar as well as geopolitical concerns....

Oil prices toppled from rising streak as jump in COVID-19 cases stokes fuel demand fears

Wednesday,   05-Aug-2020   08:45 (IST)

Oil prices fell for the first time in four days on Wednesday, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence ...