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Gold eases after WHO says China virus not a global emergency

Friday,   24-Jan-2020   09:06 (IST)

Gold inched lower on Friday as investors opted for riskier assets after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, but the precious metal was on track to post a weekly gain. Spot gold fell 0.2% to $1,560.50 per ounce by 0131 GMT. For the week, prices were on track to gain 0.3%. U.S. gold futures slipped 0.4% to $1,559.20. The WHO said on Thursday that the new coronavirus that has emerged in China and spread to several other countries does not yet constitute an international emergency but it was tracking its evolution “every minut...

Oil steadies, but concern over spreading China virus weighs

Friday,   24-Jan-2020   09:05 (IST)

Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so...

Gold steady as fears of China virus epidemic mount

Thursday,   23-Jan-2020   09:04 (IST)

Gold prices held steady on Thursday, as rising fears over the spread of China’s new flu-like virus supported the safe-haven metal. Spot gold was flat at $1,558.93 per ounce by 0127 GMT. U.S. gol...

Oil falls for third day amid growing concern over China virus

Thursday,   23-Jan-2020   09:03 (IST)

Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inv...

Gold eases as markets assess risks from China virus

Wednesday,   22-Jan-2020   09:03 (IST)

Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold ...

Oil falls again as ample global supply seen offsetting Libyan outage

Wednesday,   22-Jan-2020   09:02 (IST)

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plent...

BOJ keeps policy steady, nudges up economic growth forecasts

Tuesday,   21-Jan-2020   11:01 (IST)

The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government's spending package and receding pessimism over the global outlook take some ...

Gold hits 2-week high on safe-haven demand

Tuesday,   21-Jan-2020   09:15 (IST)

Gold prices rose to a near two-week high on Tuesday as investors sought refuge in the safe-haven metal, amid concerns of a virus outbreak in China and tensions in the Middle East, while traders awaite...

Oil prices gain on Libya, Iraq supply worries

Tuesday,   21-Jan-2020   09:07 (IST)

Oil prices rose on Tuesday after Libya declared force majeure on two major oilfields following a military blockade and protests escalated in Iraq, raising supply concerns. Brent crude (LCOc1) was trad...

Gold prices rangebound as strong U.S. data fuels risk-on sentiment

Monday,   20-Jan-2020   09:07 (IST)

Gold traded in a tight range on Monday as strong U.S. economic data fuelled investors’ appetite for riskier assets and dented the metal’s safe-haven appeal. Spot gold ticked up 0.1% to $1,...