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Gold steady ahead of central bank meetings, key US data this week

Monday,   11-Dec-2023   08:12 (IST)

Gold steadied on Monday after a sharp decline in the previous session, as investors looked forward to several major central bank meetings and U.S. inflation data release this week for further direction.Spot gold was up 0.1% at $2,005.85 per ounce as of 0038 GMT, after dropping about 3.3% last week in its worst week in more than two months. U.S. gold futures rose 0.3% to $2,021.90. Data on Friday showed U.S. nonfarm payrolls increased by 199,000 last month, above economists' expectations for 180,000 in job gains. The stronger-than-expected jobs report prompted traders to pare back expectati...

Oil extends gains on US strategic reserve purchase

Monday,   11-Dec-2023   08:09 (IST)

Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel de...

Yen heads for strong weekly gain, Nikkei slides as Japan rate hikes loom

Friday,   08-Dec-2023   03:41 (IST)

Japan's yen was on track for a fourth weekly gain on Friday as traders speculated the ultra-dovish Bank of Japan was moving closer to tightening monetary policy. World stocks, meanwhile, teetered ...

Gold set for first weekly drop in four; US jobs data in focus

Friday,   08-Dec-2023   09:11 (IST)

Gold prices were set to mark their first weekly fall in four after the dollar firmed, but traded steadily on Friday as investors stayed cautious ahead of key jobs print due later in the day to gauge t...

Oil prices head for weekly decline on signs of weakened Asian demand

Friday,   08-Dec-2023   08:18 (IST)

Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude...

Gold prices firm as US jobs data fuels rate-cut bets

Thursday,   07-Dec-2023   09:27 (IST)

Gold prices rose on Thursday, as signs of a cooling U.S. labour market supported bets of an interest rate cut early next year, while traders also awaited key jobs print due later in the day that could...

Oil prices regain ground after falling to six-month lows

Thursday,   07-Dec-2023   08:32 (IST)

Oil prices recouped some of their losses in early Asian trading but remained at the lowest levels since June, after falling in the previous session on high U.S. crude output and gasoline inventories. ...

Gold steady as markets await US jobs data

Wednesday,   06-Dec-2023   09:08 (IST)

Gold prices steadied on Wednesday (Dec 6), as the US dollar levelled with bets for an interest rate cut by the Federal Reserve in the first half of 2024, ahead of key US jobs data this week that could...

Oil prices fall on China concerns, scepticism on OPEC+ cuts

Wednesday,   06-Dec-2023   08:31 (IST)

Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China. Brent crude futures fell 8 cents, or 0....

Australia's central bank holds rates steady until at least February

Tuesday,   05-Dec-2023   11:31 (IST)

Australia's central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and decide whether to tighten further next year even as the U.S. ...