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Gold Jumps as Investors Flock to Havens

Tuesday,   23-Oct-2018   03:58 (IST)

Traditional safe-haven assets like gold, the Japanese yen and U.S. Treasurys were all higher, as a cocktail of negative drivers from Saudi Arabia's diplomatic isolation to concerns over Italy's budget and Brexit talks all depressed sentiment.Gold, which is often sought in times of geopolitical tension or market turbulence, gained 1.5% to $1,239.60 a troy ounce, its best level since July 17.Market players also flocked to the yen, another safe-haven currency. USD/JPY was last down 0.55% at 112.17.Additionally, Treasury yields fell as market participants looking for safety piled into fixe...

U.S. Stock Futures Point to A Triple-Digit Drop

Tuesday,   23-Oct-2018   03:53 (IST)

U.S. stock index futures pointed to a sharply lower open, tracking steep declines in Asia and Europe, as this month's global equity selloff resumed.The blue-chip Dow futures were down 345 points, ...

Gold nudges up as Asian shares edge lower

Tuesday,   23-Oct-2018   09:32 (IST)

Gold prices inched up early Tuesday as Asian stocks faltered, weighed down by political tensions between Saudi Arabia and Western powers, uncertainties around Brexit and Italy’s budgetary woes.S...

Oil dips as Saudi Arabia pledges to play 'responsible role' in market

Tuesday,   23-Oct-2018   09:17 (IST)

Oil prices fell on Tuesday after Saudi Arabia pledged to play a "responsible role" in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran's c...

Brent Oil Rises Back Above $80

Monday,   22-Oct-2018   03:39 (IST)

In commodities, oil prices were higher to start the week, as looming U.S. sanctions on Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), are widely expe...

Italy Boosts European Markets

Monday,   22-Oct-2018   03:37 (IST)

European markets kicked the week off with gains after Moody's kept Italy's sovereign rating stable instead of cutting it to negative.That helped calm investor anxiety as it was seen reducing t...

Wall Street Points to Higher Open

Monday,   22-Oct-2018   03:33 (IST)

U.S. stocks were set to open slightly higher, as investors turned their focus to the latest batch of corporate earnings.The blue-chip Dow futures were up 50 points, or about 0.2%, the S&P 500 futu...

Gold inches higher as Asian stocks slip

Monday,   22-Oct-2018   10:42 (IST)

Gold prices edged higher early Monday, moving closer to a 2-1/2-month peak hit last week, as Asian shares fell amid rising political tensions and worries over slowing global economic growth.Spot gold ...

Oil edges up on looming Iran sanctions, but U.S.-China trade war caps gains

Monday,   22-Oct-2018   09:11 (IST)

Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month. Front-month Brent crude oil futures were trading at ...

U.S. crude heads for sharp weekly decline ahead of data on U.S. oil rigs

Friday,   19-Oct-2018   03:51 (IST)

Oil prices traded slightly higher on Friday, but U.S. crude was still on track for a sharp weekly decline of 3.2% amid supply concerns.U.S. crude oil futures gained 0.60% to $69.06, while Brent oil tr...