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Gold prices steady as traders brace for US inflation data

Thursday,   29-Feb-2024   09:02 (IST)

Gold prices held ground on Thursday as traders awaited the Federal Reserve’s preferred inflation gauge due later in the day that could provide a fresh perspective into when the US central bank could start cutting interest rates. Spot gold was steady at US$2,035.78 per ounce, as at 0210 GMT. US gold futures edged 0.1 per cent higher to US$2,044.20. Data on Wednesday showed the US economy grew at a solid clip in the fourth quarter amid strong consumer spending, but appeared to have lost some speed early this year. New York Fed president John Williams said that even as there’s still s...

Oil prices ease, US crude stock build fuels demand fears

Thursday,   29-Feb-2024   08:41 (IST)

Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer a...

Gold prices firm ahead of US inflation print

Wednesday,   28-Feb-2024   08:56 (IST)

Gold prices edged higher on Wednesday (Feb 28), as United States bond yields fell, while investor focus was on a key US inflation print and remarks from several Federal Reserve officials this week for...

Oil eases as Fed caution outweighs talk of OPEC+ cut extensions

Wednesday,   28-Feb-2024   08:13 (IST)

Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+. Brent crude fut...

Gold prices rise on softer dollar, focus on US inflation data

Tuesday,   27-Feb-2024   11:06 (IST)

Gold prices edged up on Tuesday due to a softer dollar, as investors awaited a key U.S. inflation report in a week filled with data releases and speeches from several Federal Reserve officials for fre...

Crude edges higher on supply concerns as shipping disruptions continue

Tuesday,   27-Feb-2024   08:20 (IST)

Oil prices ticked up in early Asian trading extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel b...

Gold prices dip as firmer US dollar dampens appeal

Monday,   26-Feb-2024   09:10 (IST)

Gold prices inched down on Monday, pressured by a firmer US dollar, while investors awaited further clues on the US Federal Reserve’s timing of this year’s first interest rate cut. Spot go...

Oil extends losses in early Asian trade

Monday,   26-Feb-2024   08:05 (IST)

Oil prices fell in early Asian trading on Monday, extending losses from the previous session after oil ended the week 2-3% lower amid market concerns that higher-than-expected inflation could delay U....

Gold set for weekly gain on safe-haven inflows, softer dollar

Friday,   23-Feb-2024   09:00 (IST)

Gold prices on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the U.S. Federal Reserve is likely to ...

Oil falls after US Fed governor says no rush to cut interest rates

Friday,   23-Feb-2024   08:20 (IST)

Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT,...