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Gold Prices Gain, Dollar Slips as U.S. Confirms Trade Talks with China

Friday,   17-Aug-2018   10:40 (IST)

Gold prices traded slightly higher on Friday while the U.S. dollar dropped after White House economic advisor Larry Kudlow confirmed that Chinese and U.S. officials will meet later in August to resume trade talks.Gold Futures for December delivery rose 0.03% to $1,184.2 per troy ounce on the Comex division of the New York Mercantile Exchange, while the U.S. dollar index that tracks the greenback against six currencies slid by 0.03% to 96.45.Next week, the main focus will likely shift to U.S.-China trade issues from Turkey with the Chinese delegation visiting Washington and as $16 billion in ne...

Oil prices slip amid fears over global economic growth

Friday,   17-Aug-2018   09:20 (IST)

Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventorie...

Fresh Trade Talks Spur Relief Bounce in Global Stocks

Thursday,   16-Aug-2018   04:20 (IST)

Global stocks were mostly higher, following the positive overnight developments between the U.S. and China on the trade front.Asian shares ended mostly lower, but pared some of the steeper losses seen...

Gold Prices Fall Despite Softer U.S. dollar

Thursday,   16-Aug-2018   11:20 (IST)

Gold prices dropped on Thursday while the U.S. dollar also slid despite higher demand in safe-haven assets amidst the Turkish lira crisis.Gold Futures for December delivery went down by 0.48% to $1,17...

Oil edges up as China, U.S. set for talks to resolve trade disputes

Thursday,   16-Aug-2018   09:15 (IST)

Oil prices on Thursday recouped some of the previous day's losses after Beijing said it would send a delegation to Washington in an attempt to resolve trade disputes between the United States and ...

Global Stocks Rise As Turkish Crises Eases

Tuesday,   14-Aug-2018   04:03 (IST)

In equities, global stocks were higher, as investors cautiously returned to risk markets amid a stabilization in Turkey's currency crisis.On Wall Street, U.S. stock futures looked set to open high...

Gold stabilises as dollar pulls back from 13-month high

Tuesday,   14-Aug-2018   09:46 (IST)

Gold prices traded steady on Tuesday, but hovered close to an 18-month low, as the U.S. dollar pared gains after posting a 13-month high in the previous session. Spot gold was up 0.1 percent at $1,194...

Oil prices edge up as Saudi cuts output, but looming demand slowdown drags

Tuesday,   14-Aug-2018   08:57 (IST)

Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply. Front-month Brent crude oil futures (LCOc1) were at $72.87 ...

Turklish Lira crisis and its impact on Indian Rupee

Monday,   13-Aug-2018   05:37 (IST)

The economic situation in Turkey has been a powder keg for months and it’s finally found a spark. Turkish President Recep Tayyip Erdogan’s already questionable credibility got a further bl...

Global Stocks Rattled As Turkish Rout Spreads

Monday,   13-Aug-2018   04:10 (IST)

Away from currencies, global stocks slipped to a one-month low, as a renewed rout in the Turkish lira weighed on appetite for riskier assets and drove demand for safe harbors.Asian markets slid, with ...