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 inventories in the United States rose last week. Brent crude futures (LCOc1) were down $1.05, or 1.7%, to $62.16 a barrel by 0125 GMT, and earlier dropped to the lowest since Dec. 4, after falling 2.1% the previous session. U.S. West Texas Intermediate futures (CLc1) fell 95 cents, or 1.7%, to $55.78 a barrel after earlier falling to the lowest since Dec. 3. The contract declined 2.7% on...

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Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first...

The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment. Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A total of 571 cases have now been confirmed and Chinese state media reported overnight that transport to and...

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output. Brent crude was down $1.39, or 2.2%, at $63.20 per barrel. U.S. West Texas Intermediate crude fell 2.8%, or $1.64, to settle at $56.74 per barrel. The head of the IEA, Fatih Birol, said he expects the...

Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following...

Britain's pound rose against the dollar and the euro on Wednesday as investors debated whether or not the Bank of England would cut interest rates when it meets next week. Financial markets saw less chance on Wednesday that the BoE would trim the current 0.75% rate at its meeting on Jan. 30, after the Confederation of British Industry reported a pick-up in manufacturers'...

Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar. Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50. Investors will keep a close eye on the European Central Banks first policy meeting of the year on...

Oil prices dropped on Wednesday as the International Energy Agencys (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libyas crude output. Brent crude was down 34 cents, or 0.5%, to $64.25 per barrel, after dropping 0.3% on Tuesday. U.S. West Texas Intermediate crude fell 32 cents, or 0.6%, to...

The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant. At 04:10 ET (09:10 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was up 0.1% at 97.42. The yen dropped 0.1% against the dollar, with USD/JPY trading at 109.97....

PRECIOUS METALS
Gold Gains as Virus Concerns Weigh on Risk Appetite
Thursday, 23 January 2020 10:08 WIB Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese...
ENERGY
Oil falls for third day amid growing concern over China virus
Thursday, 23 January 2020 10:56 WIB 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...
CURRENCIES
Yen firm over China virus concern; Aussie jumps on jobs data
Thursday, 23 January 2020 08:24 WIB The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while...

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