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 prices finished lower on Thursday, with the metals short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including...

The U.S. dollar remained firmed Thursday, though the euro climbed back out of the trough it hit on the back of the European Central Banks first monetary policy update of the year. The euro was last slightly weaker at $1.1369 from $1.1381 Wednesday. Its main rival, the U.S. dollar, measured by the ICE U.S. Dollar Index was 0.1% higher at 96.16, regaining some strength after trading down for...

Oil prices fell on Thursday as concern over the global economy reasserted itself, reversing earlier gains on the potential for U.S. sanctions on Venezuela. Brent crude futures were down 46 cents at $60.68 a barrel around 8:30 a.m. ET (13:30 GMT), while U.S. West Texas Intermediate futures fell 26 cents to $52.36. An unexpected rise in U.S. crude inventories reported the day before eclipsed...

Gold prices slumped to their lowest level of the year on Thursday, as a firmer dollar dulled the appeal of the yellow metal. Comex gold futures hit their weakest level since Dec. 27 at $1,275.65 a troy ounce. It last traded at $1,277.45 by 8:40AM ET (13:40 GMT), down $6.55, or around 0.5%. Meanwhile, spot gold was trading at $1,278.64 per ounce, down $4.14, or almost 0.3%. The U.S. dollar...

Gold edged lower on Thursday, weighed down by a stronger dollar and an uptick in equities, while investors awaited the conclusion of the European Central Bank (ECB) policy meeting later in the day for further cues on the health of the economy. Spot gold was down 0.2 percent at $1,278.97 an ounce at 1118 GMT. U.S. gold futures were down 0.4 percent at $1,278.20. A stronger U.S. dollar,, another...

Sterling consolidated gains on Thursday after rocketing to a 11-week high overnight on growing optimism that British lawmakers would be able to avoid a no-deal Brexit. While a firmer dollar prompted currency traders to book some profits after a more than 2.3 percent rally in the pound so far this month, various market position indicators and derivative market signals are indicating more pound...

The euro fell on Thursday ahead of a European Central Bank meeting in which policymakers may express caution about slowing economic growth. The ECB is expected to reaffirm its plan to raise interest rates by the end of the year but traders will focus on how explicitly, if at all, the central bank acknowledges the slow-down. The euro has lost around 1.6 percent of its value over the last two...

Oil prices slid on Thursday in Asia as lingering concerns over global economic growth continued to affect investors risk appetite. International Brent Oil Futures were at $60.87 a barrel at 1:42 AM ET (06:42 GMT), down 0.5%. U.S. Crude Oil WTI Futures were at $52.37 per barrel, also down 0.5% from their last settlement. On Monday, the International Monetary Fund (IMF) cut its 2019 and 2020...

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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