Crude oil prices were trading at three-year highs on Wednesday, as traders awaited the release of weekly U.S. inventory data due later in the day. The U.S. West Texas Intermediate crude February contract was up 38 cents or about 0.60% at $63.34 a barrel by 04:45 a.m. ET (08:45 GMT), the highest since December 2014. Elsewhere, Brent […]
Gold prices fell on Tuesday, retreating further from last week’s three-and-a-half month highs as the dollar strengthened against the euro and as investors continued to bet on further rate hikes by the Federal Reserve this year. Comex gold futures were trading at $1,314.90 a troy ounce by 04:04 AM ET (09:04 AM GMT), down around $5.50 or […]
Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year. Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT). Prices of the precious metal were pressured lower as the dollar […]
Gold prices pulled back from a four-month peak on Friday, as the U.S. dollar regained some ground ahead of the release of U.S. employment data due later in the day. Comex gold futures were down 0.15% at $1,319.50 a troy ounce by 09:00 a.m. ET (13:00 GMT), off the previous session’s four-month peak of $1,327.20. The greenback […]
Crude oil prices continued to climb to multi-year highs on Thursday, amid ongoing tensions in Iran and as traders were eyeing the release of U.S. crude inventory data due later in the day. The U.S. West Texas Intermediate crude February contract was up 26 cents or about 0.42% at $61.89 a barrel by 04:00 a.m. ET (08:00 […]
Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed. Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar. Recent […]
Gold prices continued to hover near two-and-a-half week highs on Friday, despite a mild rebound in the greenback as trading volumes were expected remain subdued ahead of the Christmas holiday. Comex gold futures were little changed at $1,271.30 a troy ounce by 03:00 a.m. ET (07:00 GMT), close to Thursday’s two-and-a-half week high of $1,272.50. The greenback […]
(Reuters) – Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Despite this, markets remained well supported by ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) […]
Gold prices remained supported on Wednesday, as optimism over a major U.S. tax overhaul quickly waned and offered no support to the dollar. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. Comex gold futures were up $2.70 or about 0.21% at $1,266.80 a troy ounce by 03:00 […]
Gold prices were hovering near a two-week high on Tuesday, as caution surrounding U.S. tax reform plans and ahead of U.S. housing sector data dampened demand for the U.S. dollar. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. Comex gold futures were up $1.70 or about 0.13% […]
