Crude prices fell on Wednesday, extending losses into a third session, amid speculation weekly supply data due later in the day will show an increase in U.S. oil and fuel supplies. The U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended Jan. 26 at 10:30AM ET (1530GMT). After […]
Gold prices edged higher on Wednesday, as investors looked ahead to the outcome of the Federal Reserve’s policy meeting, the last under the leadership of Janet Yellen before she hands the chairmanship over to Jerome Powell. Comex gold futures were up around $7.00, or 0.5%, to $1,342.30 a troy ounce by 3:00AM ET (0800GMT). It […]
The dollar came under renewed selling pressure on Wednesday, sliding lower against a basket of the other major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.24% to 88.81 by 03:05 AM ET (08:05 GMT), falling back […]
The dollar moved higher against a currency basket on Tuesday, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the Union speech and a Federal Reserve policy meeting. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up […]
Gold prices edged lower to start the week on Monday, pulling further back from a 17-month high as the U.S. dollar recovered somewhat from last week’s turbulence, prompted by conflicting comments from the Trump administration at Davos. Comex gold futures slumped around $7.00, or 0.5%, from the last session’s closing price to $1,345.60 a troy […]
The dollar pushed higher against a currency basket on Monday, but gains looked likely to remain limited as concerns over the Trump administration’s commitment to a strong currency weighed. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.25% to 89.09 by 02:55 AM ET […]
Gold prices were hovering near after four-month highs on Thursday, propelled higher by a weaker dollar, which hit fresh three-year lows after the Trump administration signaled that it preferred a weaker currency. Comex gold futures were at $1,357.80 a troy ounce by 04:15 AM ET (09:45 AM GMT), after rising as high as $1,365.40 overnight, […]
The dollar fell to a fresh three-year low against a currency basket on Thursday, a day after the Trump administration signaled that it preferred a weaker currency, while the euro was steady ahead of the European Central Bank’s policy decision. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six […]
Gold prices rose to their strongest level in more than four months on Wednesday, supported by a weaker U.S. dollar languishing at three-year lows. Dollar weakness usually benefits gold, as it boosts the metal’s appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies. Comex gold futures rose to a […]
The pound climbed to a 19-month high against the U.S. dollar on Wednesday, boosted by the release of mostly postive UK economic reports and as the greenback remained broadly under pressure. GBP/USD climbed 0.65% to 1.4093, the highest since June June 2016. The pound was boosted after official data on Wednesday showed that the UK […]
