Gold futures edged lower Tuesday, as investor worries over the spread of China™s coronavirus abated somewhat and prices consolidated a day after ending at a more-than-six-year high. Gold for February delivery on Comex fell $4, or 0.3%, to $1,573.40 an ounce, while March silver was off 30.6 cents, or 1.7%, at $17.75 an ounce. Gold on Monday saw the highest close for a most-active contract since April 9, 2013, according to Dow Jones Market Data. In other metals trading, April platinum fell $1.60, or 0.2%, to $990.10 an ounce, while March palladium was off $15.60, or 0.7%, to $2,158 an...

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Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears. Brent crude (LCOc1) was down 51 cents at $58.81 a barrel at 0925 GMT, having hit a three-month low of $58.50 on Monday as the virus outbreak triggered a global sell-off of...

Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat at $1,578.10. Bullion rose for the past four sessions as the spread of the...

The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as safer. At 08:00 ET (0800 GMT), the USD/JPY traded 0.2% higher at 109.08, having fallen as low at 108.83 overnight. The US Dollar Index Futures, which tracks the greenback against a basket of other currencies, pushed up 0.1% to 97.81, approaching the...

Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand. Brent crude was down 37 cents, or 0.6%, to $58.95 at around 03:48 GMT, after touching a three-month low on Monday at $58.50, as the virus outbreak triggered a global sell-off in riskier assets. U.S. West Texas Intermediate...

Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3%, to $59.17 at around 01:14 GMT, after touching a three-month low on Monday at $58.50. U.S. West Texas Intermediate was down 12 cents, or 0.2%, at $53.02, after...

AUD/USD looks set to print a 3.5-month low below 0.6750 with Australia's business confidence gauge hitting multi-year lows. The currency pair is currently trading at 0.6753, representing marginal losses on the day, having hit a high of 0.6762 a few minutes before press time. National Australia Bank's (NAB) Business Confidence weakened in December, falling 2pts to -2 index points, the lowest...

Gold is once again showcasing its long-standing reputation as an effective haven in troubled times, trading near the highest close in more than six years amid rising concern over the economic and human impact of China's deadly coronavirus. Prices steadied after surging Monday as investors weighed the fallout from the spread of the disease, with Germany reportedly seeing...

The dollar remained on the back foot Monday, pressured by a surprise fall in new home sales data and a bid in the yen and Swiss franc as worries intensified over the spread of the deadly coronavirus. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.12% to 97.97. The Commerce Department said new home sales fell fell 0.4% to a...

PRECIOUS METALS
Gold edges lower as traders assess China virus outbreak
Tuesday, 28 January 2020 21:19 WIB Gold futures edged lower Tuesday, as investor worries over the spread of China™s coronavirus abated somewhat and prices consolidated a day after...
ENERGY
Oil rout extends to sixth day as China virus death toll rises
Tuesday, 28 January 2020 18:23 WIB Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by...
CURRENCIES
Dollar in Demand, Euro, Pound Under Pressure
Tuesday, 28 January 2020 15:34 WIB The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as...

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