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Gold trades steady as investors await Fed decision

Wednesday,   19-Jun-2019   09:23 (IST)

Gold traded almost steady on Wednesday as investors awaited the U.S. Federal Reserve’s monetary policy decision later in the day, while expectations of an improvement in trade relationship between the United States and China dented the metal’s appeal. Spot gold was steady at $1,345.28 as of 0130 GMT. U.S. gold futures were down 0.1% at $1,349.40 an ounce. U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders’ teams would restart trade talks after a long lull in order to prepare for a meeting at the G20 summit later ...

Oil extends gains amid Middle East tensions, U.S.-China trade deal hopes

Wednesday,   19-Jun-2019   09:19 (IST)

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there ...

Gold holds steady ahead of Fed meeting

Tuesday,   18-Jun-2019   09:06 (IST)

Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates. Spot gold was steady at $1...

Oil prices fall for second day on weak economic data

Tuesday,   18-Jun-2019   09:05 (IST)

Oil prices were falling for a second day on Tuesday, after more signs that global economic growth is being hit by U.S.-China trade tensions, although losses were limited amid tensions in the Middle Ea...

Gold off 14-month peak as strong U.S. retail sales data lifts dollar

Monday,   17-Jun-2019   09:13 (IST)

Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging U.S. retail sales data tempered fears about a sharp downturn in the world&r...

Oil rises on tensions after Middle East tanker attacks

Monday,   17-Jun-2019   09:11 (IST)

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attac...

Gold hits one-week high on Fed rate cut expectations, Middle East tensions in focus

Friday,   14-Jun-2019   09:05 (IST)

Gold prices rose to their highest in a week on Friday, supported as weak U.S. economic data stoked expectations the Federal Reserve would cut interest rates. Investors were also keeping a close eye on...

Oil prices ease, but Middle East tanker attacks support

Friday,   14-Jun-2019   09:04 (IST)

Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the wor...

WTI jumps 3.5% to $ 53 on Gulf of Oman oil tanker explosion

Thursday,   13-Jun-2019   12:43 (IST)

WTI (futures on Nymex) caught a fresh bid-wave in the European trading this Thursday, quickly reversing Wednesday’s 4% drop, as the buyers cheered fresh supply disruption risks arising from the ...

Gold steady amid Fed rate cut views, trade uncertainty

Thursday,   13-Jun-2019   09:17 (IST)

Gold held steady in early Asian trade on Thursday as festering Sino-U.S. trade tensions and hopes of an interest rate cut by the U.S. central bank following soft inflation data buoyed demand for the s...