Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19. At the session low WTI hit $53.85, its lowest level since Oct. 31. This was the fourth straight day...

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Gold eases from the highest level in almost 10 months after the dollar gains as Washington and Beijing push to reach a deal on trade before a threatened U.S. tariff increase on March 1. Palladium posts fresh record. Spot gold -0.1% to $1,326.04/oz at 8:01am in London. Prices touched $1,327.71 on Monday, highest intraday level since April 25 . Palladium as much as +2.3% to...

The dollar inched up against the yen on Tuesday after Japan's central bank governor raised the possibility of further policy easing, while the euro's latest bounce faded as the focus shifted back to economic challenges in the bloc. The greenback rose to 110.615 yen from a low of 110.45 hit earlier in the session. The dollar index versus a basket of six major currencies was nearly flat at...

Oil prices were mixed on Tuesday in Asia as traders await more trade news ahead of a new round of Sino-U.S. discussions later this week. U.S. Crude Oil WTI Futures was up 0.4% at $56.22 by 12:52 AM ET (05:52 GMT). International Brent Oil Futures traded 0.3% lower at $66.28. On Monday, oil prices hit their highest levels in three months on hopes that the U.S. and China may resolve their trade...

Gold declines from the highest level in almost 10 months after the dollar gains as the U.S. and China race to reach a deal that would avert a tariff increase on Chinese goods by March 1, a deadline President Donald Trump has said he may extend. Spot gold -0.2% to $1,323.84/oz at 12:53pm in Singapore Prices touched $1,327.71 on Monday, highest intraday level since April 25. Source :...

Gold prices were steady near 10-month peaks on Tuesday as the dollar held little changed and markets awaited clarity on U.S.-China trade talks, while palladium struck a record high on supply fears. Spot gold was little changed at $1,326.10 per ounce as of 0048 GMT, after touching a 10-month high of $1,327.64 an ounce in the previous session. U.S. gold futures rose 0.5 percent to $1,328.9 an...

U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries. U.S. West Texas Intermediate (WTI) crude futures were at $55.95 per barrel at 00:34 GMT, up 36 cents, or 0.7 percent, from their last settlement. Earlier in the session, they marked their strongest since Nov. 20 at $56.33 a barrel. Prices had risen 2.2...

The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euros latest bounce slowed as the focus drifted back to the economy and European Central Bank policy. The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial...

Sterling gained on Monday after registering three consecutive weeks of losses as investors waited for the outcome of Brexit talks between Britain and the European Union. A split in Britains opposition Labour Party - with seven politicians quitting on Monday in protest against Jeremy Corbyns leadership - will likely weigh on the pound as the move increases political uncertainty, according...

PRECIOUS METALS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...
ENERGY
Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand...
CURRENCIES
Dollar Rises vs Euro as European PMI Data Fails to Impress
Friday, 24 January 2020 23:32 WIB The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that...

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