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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Gold slipped as equities rose and investors await the outcome of the U.S. Federal Reserves meeting later Wednesday, with the central bank widely expected to join its European counterpart in striking a dovish tone. Bullion for immediate delivery fell 0.2% to $1,343.52 an ounce at 10:18 a.m. in Singapore as Asian stocks built on gains in global shares. The metal jumped as much as...

The dollar held near a two-week high early on Wednesday ahead of the Federal Reserves closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank and bearish eurozone economic data. The dollar index versus a basket of six major currencies was steady at 97.615 after climbing to 97.766 on Tuesday, its highest level since June 3. Focus was on...

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Brent crude futures were up 34 cents, or 0.6%, at $62.48 a barrel by 0028 GMT. They rose 2% on Tuesday. U.S. West Texas Intermediate crude gained 44 cents, or 0.8%, to $54.34 a barrel....

U.S. oil futures rallied Tuesday as a tweet from President Donald Trump hinted at progress in U.S.-China trade talks, easing the market's worries about a potential slowdown in energy demand. The news also contributed to a sharp climb among benchmark U.S. stock indexes, lifting risk-on sentiment in the market. July West Texas Intermediate oil rose $1.97, or 3.8%, to settle at $53.90 a barrel on...

Gold futures climbed Tuesday to settle at their highest in 14 months, as comments from European Central Bank President Mario Draghi set the stage for lower interest rates, ahead of the U.S. Federal Reserve's monetary policy decision Wednesday. "We certainly don't think the Fed will cut [rates], although it is very likely to prepare the markets for a July trim," said Fawad Razaqzada, technical...

The euro was lower against the U.S. dollar on Tuesday, as U.S. President Donald Trump continued to put pressure on the Federal Reserve to ease rates by criticizing the European Central Bank. EUR/USD slipped 0.3% to 1.1185 by 11:04 AM ET (15:04 GMT), while the U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, was up 0.1% to 97.20. Trump...

Gold prices on Tuesday jumped to the highest levels in more than a year as comments made in Portugal by European Central Bank President Mario Draghi ahead of a meeting of the Federal Reserve is seen as setting the stage for lower interest rates. August gold jumped $10.70, or 0.8%, to $1,353.60 an ounce, which would mark the highest settlement for the most-active contract since April 11, 2018...

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, though losses were capped by Middle East tensions after last week's tanker attacks. Brent crude futures were trading 18 cents down at $60.76 a barrel by 12:03 GMT. U.S. West Texas Intermediate crude futures lost 3 cents to $51.90. The New York Federal Reserve on Monday...

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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