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Gold prices fall on stronger dollar, equities

Monday,   19-Aug-2019   09:10 (IST)

Gold prices dipped on Monday on a stronger U.S. dollar and a recovery in equities markets, as hopes of stimulus from major central banks eased fears of a steep global economic downturn. Spot gold was down 0.5% at $1,506 per ounce at 0114 GMT. U.S. gold futures fell 0.4% to $1,517.60 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.25%. Wall Street shares rebounded on Friday after a report stated that Germany’s government would be prepared to take ...

Oil prices climb after Saudi oilfield attack, but recession worries drag

Monday,   19-Aug-2019   09:08 (IST)

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease. But price gains w...

Gold prices rise on falling bond yields, trade uncertainty

Friday,   16-Aug-2019   09:15 (IST)

Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty. Spot gold was up 0.2% at $1,525.21 per...

Oil gains after strong U.S. retail sales help ease recession worries

Friday,   16-Aug-2019   09:11 (IST)

Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world's biggest economy. Br...

Gold edges higher on political, trade uncertainty

Wednesday,   14-Aug-2019   08:58 (IST)

Gold prices inched up on Wednesday as markets eyed ongoing political and trade turbulence, even as a U.S. decision to delay tariffs on some Chinese goods boosted risk appetite. Spot gold was up 0.1% a...

Oil prices drop as data shows surprise climb in U.S. inventories

Wednesday,   14-Aug-2019   08:56 (IST)

Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would del...

China central bank official says yuan at right level, disorderly capital flows unlikely

Tuesday,   13-Aug-2019   03:54 (IST)

China’s yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People’s Bank of Ch...

Gold firms near 6-yr peak on risk-off sentiment

Tuesday,   13-Aug-2019   08:56 (IST)

Gold prices gained on Tuesday, hovering near a more than six-year high hit the previous day, as concerns around protests in Hong Kong, a slump in Argentina’s markets and the ongoing Sino-U.S. tr...

Oil prices edge down as traders weigh slowing demand against supply curbs

Tuesday,   13-Aug-2019   08:55 (IST)

Oil prices edged lower on Tuesday, offsetting narrow gains in the previous session, on the expectation major producers would continue to reduce global supplies due to a slowing economic growth outlook...

Gold lingers near $1,500/oz on trade, recession concerns

Monday,   12-Aug-2019   09:30 (IST)

Gold prices on Monday hovered around the $1,500 per ounce level as the U.S.-China trade conflict dragged on, while fears of a global economic slowdown increased. Spot gold was steady at $1,496.99 per ...