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Gold steady as China virus fears offset stronger dollar

Tuesday,   28-Jan-2020   09:05 (IST)

Gold prices were little changed on Tuesday as rising concerns over the fast-spreading coronavirus in China and its economic impact offset a firmer dollar. Spot gold was unchanged at $1,581.09 per ounce by 0140 GMT. On Monday, prices rose to their highest since Jan. 8 at $1,586.42. U.S. gold futures rose 0.2% to $1,580.90. China’s death toll from the coronavirus rose to 106 by the end of Jan. 27 and the total number of confirmed cases increased to 4,515, the National Health Commission said. The outbreak is expected to hurt the world’s second-largest economy, as Chinese authorities s...

Oil falls for sixth day as China virus spreads

Tuesday,   28-Jan-2020   08:55 (IST)

Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Br...

Gold rises to over 2-week high as China virus spreads

Monday,   27-Jan-2020   09:09 (IST)

Gold prices climbed to a more than two-week high on Monday as rising concerns over the spread of a virus outbreak in China and its potential economic impact prompted investors to buy the safe-haven me...

Oil prices skid 2%, extending slide as China virus spreads

Monday,   27-Jan-2020   09:08 (IST)

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia'...

Gold eases after WHO says China virus not a global emergency

Friday,   24-Jan-2020   09:06 (IST)

Gold inched lower on Friday as investors opted for riskier assets after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, but the precious metal was...

Oil steadies, but concern over spreading China virus weighs

Friday,   24-Jan-2020   09:05 (IST)

Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so...

Gold steady as fears of China virus epidemic mount

Thursday,   23-Jan-2020   09:04 (IST)

Gold prices held steady on Thursday, as rising fears over the spread of China’s new flu-like virus supported the safe-haven metal. Spot gold was flat at $1,558.93 per ounce by 0127 GMT. U.S. gol...

Oil falls for third day amid growing concern over China virus

Thursday,   23-Jan-2020   09:03 (IST)

Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inv...

Gold eases as markets assess risks from China virus

Wednesday,   22-Jan-2020   09:03 (IST)

Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold ...

Oil falls again as ample global supply seen offsetting Libyan outage

Wednesday,   22-Jan-2020   09:02 (IST)

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plent...