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Gold slips as renewed trade optimism lifts risk appetite

Monday,   14-Oct-2019   09:03 (IST)

Gold prices eased on Monday, extending falls into a third session, as news that the United States and China had made progress in their recent high-level trade talks lifted risk appetite. Spot gold dropped by 0.3% to $1,485.56 per ounce, as of 0036 GMT. U.S. gold futures edged 0.1% higher to $1,489.90. Spot gold prices fell more than 1% in intraday trade on Friday on news that the United States and China were likely to reach a partial agreement on trade. U.S. President Donald Trump on Friday outlined the first phase of a deal and suspended a threatened tariff hike, but officials on both sides s...

Oil prices edge up, supported by Iran ship attack, U.S.-China trade detente

Monday,   14-Oct-2019   09:02 (IST)

Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.-China trade war buoyed market sentiment. ...

Oil Jumps as Iran Tanker Blast Spurs Fresh Supply Fears

Friday,   11-Oct-2019   01:35 (IST)

Oil jumped back above $60 a barrel after a reported explosion on an Iranian tanker near the Saudi Arabian port city of Jeddah reignited fears that unrest in the Middle East threatens global supply. Fu...

Gold inches lower as Trump's remarks boost trade talk hopes

Friday,   11-Oct-2019   09:06 (IST)

Gold prices edged lower on Friday as U.S. President Donald Trump’s remarks on progress in Sino-U.S. trade talks lifted risk appetite, while palladium was set to end a three-day winning streak af...

Oil rises on hopes for deeper OPEC output cuts, U.S.-China trade talks

Friday,   11-Oct-2019   09:05 (IST)

Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United ...

Gold at one-week high as trade talk hopes fade

Thursday,   10-Oct-2019   09:02 (IST)

Gold prices scaled a one-week peak on Thursday as diminishing hopes of progress at the ongoing Sino-U.S. trade talks sent stock markets lower and prompted investors to seek bullion’s safety. Spo...

Oil prices drop as hopes for U.S.-China trade progress wilt

Thursday,   10-Oct-2019   09:01 (IST)

Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand. Globa...

Thailand Looks to Rein in Baht as It Hits 6-Year High

Wednesday,   09-Oct-2019   12:53 (IST)

The Bank of Thailand is considering imposing additional measures to rein in the currency amid further gains in the baht to a six-year high and worries about economic growth. The economy could be more ...

Gold firms as U.S.-China trade dispute worsens ahead of talks

Wednesday,   09-Oct-2019   09:06 (IST)

Gold prices firmed on Wednesday as tensions between the United States and China ratcheted up ahead of crucial trade talks later this week, sapping risk appetite, while concerns over Brexit added to bu...

Oil prices extend slide to third straight day, U.S.-China trade doubts grow

Wednesday,   09-Oct-2019   09:05 (IST)

Oil prices slipped for a third consecutive session on Wednesday as the prospect of the United States and China striking a trade deal in talks this week dimmed, raising uncertainties for global economi...