Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 million barrels last week, according to people familiar with the data. That would be the biggest increase since February 2017 if confirmed by the official Energy Information Administration figures due Thursday. West Texas Intermediate for November delivery dropped 38 cents, or 0.7%, to $52.98 a...

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Gold prices edged higher on Wednesday after shedding nearly 1% in the previous session, as it remained unclear if Britain could avoid postponing its departure from the EU beyond Oct. 31. Spot gold was up 0.2% at $1,484.49 per ounce as of 01:30 GMT. U.S. gold futures were 0.3% higher at $1,488.10 per ounce. Last-ditch talks between Britain and the European Union to get a Brexit deal ahead of a...

The British pound fell from its highest level in almost five months versus the U.S. dollar on Wednesday as investors started to question their optimism about Britain's negotiations to leave the European Union. Sterling also pulled back from its highest in five months against the euro as investors booked profit and prepared for a make-or-break summit between Britain and the EU on Thursday and...

Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note. Gold for December delivery on Comex fell $14.10, or 10.9%, to settle at $1,483.50 an ounce, with prices for the most-active contract logging their lowest settlement since Sept. 30, according to FactSet data....

Crude fell for a second day amid a weakening global growth outlook and abundant crude supplies in the worlds largest economy. Futures slid 1.5% in New York on Tuesday. Hopes for a resolution of key issues in the U.S.-China trade dispute are fading, souring prospects for a revival in energy demand. Meanwhile, the International Monetary Fund cut its 2019 global growth forecast for a fifth...

Sterling jumped against the dollar and the euro while British stock prices and government bond yields rose in late afternoon trading on Tuesday after a Bloomberg report that British and European Union negotiators were close to a Brexit draft deal. The pound jumped more than 1% versus the dollar to $1.2742 and by a similar margin against the euro to 86.31 pence. The FTSE250 of UK mid-cap stocks...

PRECIOUS METALS
Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of...
ENERGY
Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in...
CURRENCIES
Dollar nurses loses; pounds fate tied to EU summit
Thursday, 17 October 2019 08:36 WIB The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the...

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