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Oil prices edge up on strong U.S. economic data, Chinese demand hope

Friday,   27-Jan-2023   08:43 (IST)

Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand. Brent futures gained 30 cents, or 0.3%, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cents to $81.22 per barrel, a 0.3% gain. Both benchmarks had gained more than 1% on Thursday. Brent was on track to post its second weekly rise if gains held. Improving gross domestic product and inflation data in the United States provided hope that the U.S. Federal Reserve could slow its pace of interest rate...

Gold little changed as traders focus on U.S. inflation data

Friday,   27-Jan-2023   08:41 (IST)

Gold prices were little changed in early Asian hours on Friday, as traders awaited U.S. inflation data due later in the day to gauge the Federal Reserve’s rate-hike stance. Spot gold rose 0.1% t...

Oil rebounds as China demand recovery optimism supports prices

Wednesday,   25-Jan-2023   08:37 (IST)

Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on ...

Gold prices hover near 9-month peak

Wednesday,   25-Jan-2023   08:36 (IST)

Gold prices held steady on Wednesday, hovering near a nine-month peak touched in the previous session on expectations of slower interest rate hikes from the U.S. Federal Reserve. Spot gold was flat at...

Gold flat as investors await economic data

Tuesday,   24-Jan-2023   08:07 (IST)

Gold prices were little changed on Tuesday, with investors awaiting U.S. economic data due this week that could impact the Federal Reserve’s policy path. Spot gold was steady at $1,932.16 per ou...

Oil rises slightly; focus on China demand and U.S. outlook

Tuesday,   24-Jan-2023   08:05 (IST)

Crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings....

Gold ticks up on softer dollar, slower rate-hike hopes

Monday,   23-Jan-2023   08:23 (IST)

Gold prices edged up during early Asian hours on Monday, aided by a softer dollar and prospects of slower rate hikes from the U.S. Federal Reserve. Spot gold was up 0.1% at $1,929.04 per ounce, as of ...

Oil prices fall but remain buoyed by China outlook

Monday,   23-Jan-2023   08:18 (IST)

Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the prospect of an economic recovery in top oil i...

Gold prices stays firm

Friday,   20-Jan-2023   11:01 (IST)

Gold prices hovered at a nine-month high on Friday after a sharp rally in the prior session, and were headed for a fifth consecutive week of gains amid resurgent safe haven demand and growing uncertai...

Oil prices rise further

Friday,   20-Jan-2023   10:18 (IST)

Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent ...