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Gold steady as softer dollar, stimulus hopes lend support

Thursday,   01-Oct-2020   08:46 (IST)

Gold prices steadied in early trade on Thursday as a softer dollar and progress on another U.S. coronavirus relief package countered pressure from an upbeat U.S. private payrolls data. Spot gold was steady at $1,884.67 per ounce by 0058 GMT. U.S. gold futures were down 0.2% at $1,890.90. The dollar index hovered around a one-week low hit in the previous session. U.S. Treasury Secretary Steven Mnuchin on Wednesday said talks with House Speaker Nancy Pelosi made progress on COVID-19 relief legislation, and the House of Representatives postponed a vote on a $2.2 trillion Democratic plan to allow ...

Oil holds steady on hopes for U.S. stimulus agreement

Thursday,   01-Oct-2020   08:44 (IST)

Oil prices were little changed in early trade on Thursday after U.S. lawmakers postponed a vote on a $2.2 trillion coronavirus relief package in hopes of reaching a bipartisan deal, while rising infec...

Gold inches lower on caution ahead of Trump-Biden debate

Wednesday,   30-Sep-2020   08:56 (IST)

Gold edged lower in early Asian trade on Wednesday with cautious investors awaiting key takeaways from the first U.S. presidential debate, while optimism over hopes of a U.S. coronavirus aid deal limi...

Oil drops second day as surging coronavirus cases prompt demand worries

Wednesday,   30-Sep-2020   08:54 (IST)

Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens. Brent crude (LCOc1) dropped 23...

Gold edges higher on dollar retreat, eyes on Trump-Biden debate

Tuesday,   29-Sep-2020   09:00 (IST)

Gold edged higher on Tuesday buoyed by a softer dollar, with investors focusing on the first U.S. presidential debate and progress on a new U.S. stimulus bill. Spot gold rose 0.15% to $1,883.69 per ou...

Oil slips as demand worries offset hopes for stimulus

Tuesday,   29-Sep-2020   08:59 (IST)

Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's ...

Gold holds steady as dollar rally halts; eyes on Trump-Biden debate

Monday,   28-Sep-2020   08:53 (IST)

Gold steadied on Monday as the dollar rally took a pause, while traders were on sidelines as political uncertainty built ahead of the first presidential election debate between U.S. President Donald T...

Oil edges lower as rising virus cases cloud demand recovery outlook

Monday,   28-Sep-2020   08:52 (IST)

Oil prices dipped again on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with crude on track for its first monthly fall in many months after slipping last week. ...

Gold set for worst week in over a month on dollar strength

Friday,   25-Sep-2020   08:55 (IST)

Gold inched lower on Friday, pressured by a firm dollar, and was on track for its worst week in over a month, although renewed hopes of more U.S. stimulus measures limited the decline. Spot gold fell ...

Oil steady as market eyes coronavirus hit to demand

Friday,   25-Sep-2020   08:54 (IST)

Oil prices were little changed on Friday but on track for a weekly fall on concerns that a global resurgence of COVID-19 infections will constrain fuel demand, while the likely return of exports from ...