Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by Federal Reserve Chair Jerome Powell, who said the U.S. economy would see a œsustained expansion with the full impact of recent interest rate cuts still to be felt. Brent crude futures gained 31 cents to settle at $62.37, having fallen by over 1% earlier in the day. U.S. West Texas Intermediate crude settled at $57.17 per barrel,...

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Gold futures rose on Friday to tally a gain of more than 1% for the week, buoyed by a sharp decline in the U.S. dollar. Adrian Ash, director of research at BullionVault, said "geopolitical risk isn't backing off." April gold settled at $1,304.20 an ounce, up $18.30, or 1.4% for the session. The contract last settled above $1,300 on Jan. 16, according to Dow Jones Market Data. Source :...

The dollar fell on Friday from its three-week highs in the previous session, as traders focus shifted to the Federal Reserves policy meeting next week when the U.S. central bank is expected to leave interest rates unchanged. In mid-morning trading, the dollar index was down 0.6 percent at 96.046, after climbing to a three-week high of 96.676 on Thursday. The dollars decline also...

Gold futures were buoyed Friday, leaving the yellow metal on track for a weekly gain as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries. Gold for February delivery on Comex was up $4, or 0.3%, to $1,283.80 an ounce, while March silver rose 7.5 cents, or 0.5%, to $15.375 an ounce. If the gains hold, gold is on track to eke out a 0.1% weekly rise,...

Oil prices fell slightly on Friday as concerns about U.S.-China trade talks and fresh data on surging U.S. fuel stocks sent a chill through markets. The bearish sentiment appeared to outweigh the possibility that turmoil in Venezuela may lead to tighter global supply if the United States imposes sanctions on Venezuelan exports. Brent crude oil futures were at $60.86 a barrel at 12:15 GMT, down...

Gold rose as investors awaited further clarity on the U.S.-China trade dispute ahead of talks next week. Palladium is poised for the biggest weekly retreat in two months on concern that demand may slow. Spot gold strengthened 0.1% at $1,283.03/oz; metal little changed on the week as it continues to trade in narrow range so far this year. Palladium lost 0.4% to extend weekly drop...

The euro was headed for a second weekly decline on Friday after the head of the European Central Bank said economic growth was likely to be weaker than previously expected. ECB President Mario Draghi blamed factors ranging from China's slowdown to Brexit for the slowdown. The central bank left the bloc's interest rates unchanged on Thursday, The euro, which has traded in a range of $1.12 to...

The pound held near an 11-week high on Friday after a newspaper reported the party that props up the minority Conservative government could support Prime Minister Theresa May's Brexit deal, on certain conditions, in a preliminary vote next week. The Sun newspaper said Northern Irelands Democratic Unionist Party had privately decided to back Mays deal in parliament if it included a clear...

Oil rose for a third day as a deepening crisis in Venezuela that threatens to complicate OPECs task of balancing world oil supplies outweighed a surprise jump in U.S. crude inventories. Futures in New York extended gains on Friday, erasing a weekly loss. U.S. President Donald Trumps recognition of Venezuelas opposition as its real government and the threat of sanctions on the...

PRECIOUS METALS
Gold, Silver Prices Score First Gain in 5 Sessions
Thursday, 14 November 2019 02:06 WIB Gold and silver prices posted their first gain in five sessions on Wednesday, with uncertainty over the outlook for a U.S.-China trade deal and the...
ENERGY
Oil edges up ahead of US storage data as OPEC, Fed see robust economy
Thursday, 14 November 2019 03:06 WIB Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S....
CURRENCIES
U.S. Dollar Flat After Powell Comments
Wednesday, 13 November 2019 23:30 WIB The U.S. dollar was unmoved on Wednesday after prepared remarks from Federal Reserve Chairman Jerome Powell. Powell, who is testifying in front of...

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