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Gold at 2-week highs; trade talk hopes whet risk-appetite

Monday,   18-Feb-2019   09:06 (IST)

Gold prices stood firm at two-week highs on Monday as the dollar inched lower, while equities rose on increased expectations of a U.S.-China trade deal, capping bullion’s gains. Spot gold inched 0.1 percent higher to $1,321.69 per ounce at 0037 GMT. The metal hit a near 9-month high of $1,326.3 an ounce on Jan. 31. U.S. gold futures rose 0.2 percent to $1,324.9 an ounce. The dollar index, a gauge of its value versus six major peers was steady at 96.91. The United States and China will resume trade talks this week in Washington with time running short to ease their bruising trade war, but...

Oil hits three-month high on OPEC cuts, U.S. sanctions on Iran, Venezuela

Monday,   18-Feb-2019   08:52 (IST)

Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude oil future...

Chinese Credit Growth Hits Record in January Amid Seasonal Surge

Friday,   15-Feb-2019   02:46 (IST)

China’s credit growth exceeded expectations in January amid a seasonal lending surge at the start of the year. Aggregate financing was 4.64 trillion yuan ($685 billion) in January, the People&rs...

Gold prices firm as dollar eases on grim U.S. retail sales

Friday,   15-Feb-2019   09:07 (IST)

Gold prices firmed on Friday as the dollar weakened slightly after disappointing U.S. data indicated slowing economic momentum, supporting the U.S. Federal Reserve’s “patient” moneta...

Oil prices hit 2019 highs amid OPEC-led supply cuts

Friday,   15-Feb-2019   09:05 (IST)

Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid U.S. sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countr...

Gold rises on hopes of Fed pause; trade talks in focus

Thursday,   14-Feb-2019   09:11 (IST)

Gold prices inched up on Thursday on expectations that the U.S. Federal Reserve will hold rates steady this year, while investors hoped for developments in trade talks between Washington and Beijing. ...

Oil rises on hopes for U.S.-China trade spat breakthrough

Thursday,   14-Feb-2019   08:57 (IST)

Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook. U.S. West Texas Intermediate (WTI) crude futures we...

Stocks Pulled Higher By Trump's Double Boost

Wednesday,   13-Feb-2019   04:02 (IST)

Stock markets in Europe are following the U.S. and Asia higher after comments from U.S. President Donald Trump gave cause for optimism on two grounds. Trump indicated Tuesday that not only is it unlik...

Gold steady as Sino-U.S. trade hopes drag dollar

Wednesday,   13-Feb-2019   09:06 (IST)

Gold prices held firm on Wednesday as the dollar weakened on hopes of a trade deal between the United States and China, but an improved risk appetite limited gains. Spot gold was steady at $1,311 per ...

Oil prices rise on OPEC supply cuts, Venezuela sanctions

Wednesday,   13-Feb-2019   09:01 (IST)

Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports. U.S. West Texas Intermediate (WTI) crude oil futures ...