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Gold edges up as recovery hopes ebb on U.S. jobs data, virus concerns

Thursday,   26-Nov-2020   08:54 (IST)

Gold prices ticked up on Thursday as disappointing U.S. jobs data and a resurgence of COVID-19 cases worldwide cast doubts over a swift economic recovery and paused a rally in traditional risk assets. Spot gold rose 0.3% to $1,810.06 per ounce by 0052 GMT. U.S. gold futures were steady at $1,805.50. Asian shares dipped slightly on Thursday as the hot run-up in global markets took a breather. The number of Americans filing first-time claims for jobless benefits increased to a seasonally adjusted 778,000 last week amid surging coronavirus cases and business restrictions, U.S. Labor Department da...

Oil extends gains on surprise U.S. inventory draw amid vaccine rally

Thursday,   26-Nov-2020   08:53 (IST)

U.S. oil rose for a fifth day on Thursday as a surprise drop in crude inventories extended a rally driven by hopes that vaccines would end the coronavirus pandemic and revive fuel demand. Brent was up...

Oil Continues Up on U.S. Transition, COVID-19 Vaccines

Wednesday,   25-Nov-2020   10:15 (IST)

Oil was up on Wednesday morning in Asia, as the market responded to the anticipated roll out of COVID-19 vaccinations and certainty in the U.S. political sphere, both pointing to increased demand. Bre...

Gold inches higher from over 4-month low as dollar weakens

Wednesday,   25-Nov-2020   09:03 (IST)

Gold prices edged up on Wednesday helped by a weaker dollar, though a robust appetite for riskier assets kept the safe-haven metal near a more than four-month low hit in the previous session. Spot gol...

Oil holds near three-month highs as vaccines stoke demand recovery hopes

Tuesday,   24-Nov-2020   09:24 (IST)

Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his...

Gold dips as vaccine hopes, strong U.S. data signal recovery

Tuesday,   24-Nov-2020   09:23 (IST)

Gold prices eased in early Asian trade on Tuesday as COVID-19 vaccine developments and upbeat U.S. manufacturing data bolstered investors' hopes of a swift economic recovery. Spot gold fell 0.1% t...

Gold inches up as dollar dips, Mnuchin rekindles stimulus hopes

Monday,   23-Nov-2020   09:01 (IST)

Gold prices ticked higher on Monday in early Asian trade, supported by a weaker dollar and hopes of further U.S. stimulus aimed at cushioning the economic blow from the COVID-19 pandemic. Spot gold ro...

Oil prices extend gains on COVID vaccine hopes

Monday,   23-Nov-2020   08:57 (IST)

Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdow...

Oil Up Despite Conflicting U.S. Stimulus, OPEC Disunity, and COVID-19

Friday,   20-Nov-2020   09:30 (IST)

Oil was up on Friday morning in Asia despite conflicting U.S. stimulus reports, an apparent schism in OPEC, and the ever-rising COVID-19 numbers. Brent oil futures was up 0.23% to $44.30 by 11:26 PM E...

Gold dips as Mnuchin stems Fed's pandemic lending program

Friday,   20-Nov-2020   09:29 (IST)

Gold prices fell on Friday, weighed by uncertainty over more U.S. stimulus measures after Treasury Secretary Steven Mnuchin said key pandemic lending programs at the Federal Reserve would expire by th...