Gold prices moved higher on Friday, as the U.S. dollar was weakened by new developments in a special investigation into Donald Trump’s presidential campaign and amid ongoing uncertainty over the fate of a major U.S. tax overhaul. Comex gold futures were up $3.74 or about 0.31% at $1,281.94 a troy ounce by 04:00 a.m. ET (08:00 GMT). […]
Crude oil prices recouped some of this week’s losses in early morning trade on Thursday, as growing expectations that OPEC will extend an ongoing production cut agreement at a meeting at the end of this month offset concern over rising U.S. crude stockpiles and output. U.S. West Texas Intermediate (WTI) crude futures tacked on 11 cents, or […]
Gold prices were little changed in early deals on Wednesday, as investors looked ahead to U.S. inflation data to gauge how it will impact the Federal Reserve’s view on monetary policy in the months ahead. The Commerce Department will publish October inflation figures at 8:30AM ET (1330GMT). Market analysts expect consumer prices to inch up 0.1%, while […]
Oil prices fell further on Wednesday, extending sharp losses from the previous session amid speculation weekly supply data due later in the day will show a large increase in U.S. crude inventories. The U.S. Energy Information Administration will release its official weekly oil supplies reportfor the week ended Nov. 10 at 10:30AM ET (1530GMT). After markets […]
Gold prices were on the back foot on Tuesday, as market players turned their attention to a panel discussion including the heads of the European, U.S., British and Japanese central banks for further hints on future monetary policy moves. European Central Bank chief Mario Draghi, outgoing U.S. Federal Reserve Chair Janet Yellen, Bank of England head Mark Carney and […]
