Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50 cents, or 0.8%, to $59.40 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.18, or 2.1%, to settle at $54.17 a barrel. China™s commerce ministry said it would impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States, including agricultural products such as soybeans, crude oil and small...

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Gold prices retreated below the key $1,500 level on Wednesday as traders booked profits and focus turned to the minutes of the U.S. Federal Reserve's July meeting for clues on future interest rate cuts. Spot gold was down 0.5% at $1,498.84 per ounce by 08:18 GMT. U.S. gold futures were also 0.5% lower, at $1,508.30. With gold failing to break higher and trailing below $1,500 again, investors...

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what Chairman Jerome Powell called a œmid-cycle adjustment. Financial markets are still expecting...

Oil climbed after an industry report indicated that U.S. crude inventories fell for the first time in three weeks, countering growing concern that the global economy is headed for recession. Futures in New York rose as much as 0.6% after rebounding to close up 0.2% in a volatile session on Tuesday. The American Petroleum Institute reported a 3.45 million-barrel draw-down last...

Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a...

Gold held an advance as President Donald Trump showed no urgency to resolve the trade conflict with China, saying he wasnt ready to make a deal, while investors awaited more clues on monetary policy. Trump also renewed his call for a œbig Federal Reserve rate cut. While the minutes of the Feds July meeting are due for release Wednesday, they may be outdated...

PRECIOUS METALS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...
ENERGY
Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a...
CURRENCIES
Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve...

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