Oil retreated from a three-month high as optimism the U.S. and China™s trade deal will spur demand gave way to caution due to the agreement™s limited nature and lack of detail. Futures fell as much as 0.6% in New York after closing up 1.5% Friday. The dealinvolves China buying more American farm products and making new commitments on intellectual property, while the U.S. will suspend new levies and halve existing tariffs on $120 billion of Chinese imports. The agreement is expected to be signed in early January and released publicly then. WTI for January delivery fell 20...

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Gold was little changed after Federal Reserve Chairman Jerome Powell said the central bank was in no rush to make a judgment on policy changes. Palladium was steady after hitting a record Tuesday, and platinumheaded for the biggest monthly gain in more than a year. In a prepared testimony to the Senate Banking Committee on Tuesday, Powell said with inflation pressures muted...

The dollar remained near a three-week low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that the central bank would stay patient on monetary policy and as the pound rallied. The dollar index against a basket of six major currencies stood at 96.056 after shedding 0.4 percent overnight, when it stooped to 95.948, its lowest since Feb. 5. Powell said on Tuesday that rising...

Oil rose to touch $56 a barrel after an industry report signaled a surprise decline in U.S. crude inventories. Futures in New York climbed as much as 0.9 percent. U.S. crude stockpiles fell 4.2 million barrels last week, the American Petroleum Institute was said to report, despite expectations for a 3 million-barrel gain. If Energy Information Administration data due...

Oil prices inched up to settle just above one-week lows on Tuesday, as a downdraft ” prompted by President Donald Trumps call for OPEC to help check rising crude prices ” faded. On Tuesday, April West Texas Intermediate crude tacked on 2 cents, less than 0.05%, to settle at $55.50 a barrel on the New York Mercantile Exchange. Global benchmark April Brent rose 45 cents, or 0.7%, to...

Gold futures finished lower on Tuesday to mark their first two-session skid in nearly three weeks. Still, the price move was modest, showing little reaction to the U.S. Federal Reserve Chairman Jerome Powells first day of testimony to Congress, at which he backed a wait-and-see mode. April gold lost $1, or less than 0.1%, to settle at $1,328.50 an ounce, after shedding 0.3%, to settle at...

The greenback remained fairly flat Tuesday as Federal Reserve Chairman Jerome Powell said the central bank could consider ending its reduction of the balance sheet. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, inched down 0.04% to 96.23 as of 10:41 AM ET (15:41 GMT). The dollar was up against the safe-haven yen, with USD/JPY rising...

Oil steadied after falling the most in almost a month on Monday, when President Donald Trump called on OPEC to temper prices. Futures traded near $56 a barrel in New York after sliding 3.1 percent on Monday. While crude is still about 25 percent below the four-year high reached in October, the U.S. president tweeted on Monday that prices are rising too much and called...

Gold prices moved lower on Tuesday as markets waited for Federal Reserve chairman Jerome Powell's two days of testimony to Congress to start. At 7:57 AM ET (12:57 GMT), gold futures for April delivery on the Comex division of the New York Mercantile Exchange fell $3.75, or 0.28%, to $1,325.75 a troy ounce. Powell's two-day semiannual testimony will kick off at 9:45 AM ET (14:45 GMT) Tuesday in...

PRECIOUS METALS
Gold Holds Gain as Investors Weigh Partial Trade Deal
Monday, 16 December 2019 08:22 WIB Gold held an advance as investors weighed the partial trade deal between the U.S. and China, with investors keen for greater detail on the...
ENERGY
Oil Retreats as Optimism Over Trade Deal Gives Way to Caution
Monday, 16 December 2019 08:51 WIB Oil retreated from a three-month high as optimism the U.S. and China™s trade deal will spur demand gave way to caution due to the agreement™s...
CURRENCIES
Yuan and Aussie off four-month high, sterling ticks up
Monday, 16 December 2019 08:39 WIB The Chinese yuan and the Australian dollar hovered below four-month highs touched last week in early Monday trade as investors pored over the...

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