U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%, based on the front months, to mark the best monthly performance on record, according to Dow Jones Market Data. July West Texas Intermediate oil rose $1.78, or 5.3%, to settle at $35.49 a barrel on the New York Mercantile Exchange. Source: Marketwatch

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Oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as "constructive", suggesting an easing of tensions in the Middle East. Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. U.S. West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI...

Oil prices inched up on Friday and posted weekly gains, boosted by upbeat U.S. economic data and concerns over the safety of oil transport around the Strait of Hormuz. Brent crude futures were up 5 cents to $63.44 a barrel, rising more than 1% for the week. They fell 6% last week. U.S. West Texas Intermediate crude rose 18 cents to settle at $56.20 a barrel, a weekly gain of more than 0.5%. It...

Gold futures settled modestly higher Friday, after briefly dipping, following the first estimate of second-quarter U.S. gross domestic product, which indicated the economy was healthy but slowing and might still warrant an interest rate cut by the Federal Reserve. August gold gained $4.60, or 0.3%, to $1,419.30 an ounce, but put in a weekly loss of 0.5% based on last Friday's settlement for the...

The dollar climbed to two-month peaks on Friday and was on pace for a second straight weekly gain after data showed the world's largest economy slowed at a less-than-expected pace in the second quarter. The dollar's rise was also helped by widening yield differentials between U.S. and German debt. Spreads were holding at two-month highs at 249 basis points. Investors were disappointed by a lack...

Gold prices were still on the rise Friday even though better-than-expected U.S. growth called in to question the need for the Federal Reserve to pursue aggressive policy easing. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, rose $4.95, or 0.4%, to $1,420.01 a troy ounce by 9:03 AM ET (13:03 GMT). The advanced reading for second-quarter GDP saw...

Oil prices were on track for weekly gains as Middle East tensions supported prices while traders waited for the latest reading on U.S. economic growth amid hopes that central banks would tackle any weakness. New York-traded West Texas Intermediate crude futures gained 40 cents, or 0.7%, to $56.42 a barrel by 7:42 AM ET (11:42 GMT), while Brent crude futures, the benchmark for oil prices outside...

Gold is poised for the first weekly drop in three as investors weigh solid U.S. economic data and expectations of easing ahead of a key Federal Reserve policy-setting meeting next week. Orders placed with U.S. factories for business equipment posted the biggest gain in more than a year and shipments unexpectedly increased, according to Commerce Department figures Thursday. A...

The dollar held near two-month highs on Friday and looked set for a second straight weekly gain, as the market awaited U.S. gross domestic product numbers for the second quarter. The dollar's gains were also helped by widening yield differentials between U.S. and German debt. Spread were also holding at two-month highs at 244 bps. Investors were disappointed by lack of policy action from the...

PRECIOUS METALS
Gold futures end higher, up more than 3% for the month
Saturday, 30 May 2020 01:21 WIB Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile,...
ENERGY
U.S. oil futures reverse course to finish higher, climb 88% for the month
Saturday, 30 May 2020 02:12 WIB U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the...
CURRENCIES
Euro Tests Highs before Trump's Press Conference on China
Friday, 29 May 2020 18:30 WIB The euro extended its gains, testing two-month highs, on Friday as traders waited for U.S. President Donald Trump's response to China's tightening...

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