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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The Australian and New Zealand dollars slipped as risk sentiment weakened after concern over U.S.-China trade negotiations resurfaced. The yen strengthened against the greenback for a second day. The Aussie and kiwi pared their weekly advance as trade talks between the world's two largest economies in Beijing were said to show few signs of progress. That dented optimism...

Gold prices firmed on Friday as the dollar weakened slightly after disappointing U.S. data indicated slowing economic momentum, supporting the U.S. Federal Reserve's 'patient' monetary policy approach. Spot gold was little changed at $1,312.82 per ounce at 0009 GMT. It rose 0.5 percent in the previous session in its biggest intraday gain since Jan. 30. U.S. gold futures were up 0.1 percent at...

The dollar weakened against the yen on Friday as dismal U.S. retail sales data reinforced expectations Federal Reserve rates will not rise this year, while investor focus shifted to trade talks between Washington and Beijing. Retail sales posted their largest decline since September 2009, U.S. data showed on Thursday, a sign of weakness in the consumer sector, which accounts for more than...

Oil headed for its biggest weekly gain in a month as the OPEC+ coalition's supply cuts overshadowed renewed concern over whether the world's two largest economies will be able to reach a trade deal. Futures in New York rose a fourth day, and are up 4 percent for the week. Russia said Thursday it would accelerate output cuts agreed to in a deal with the Organization of Petroleum...

Oil futures ended higher Thursday as traders weighed potential outcomes for U.S.-China trade talks, which are likely to have a direct impact on demand for energy. Crude prices found support from expectations that the U.S. will extend its deadline for implementing additional tariffs on Chinese goods by 60 days, according to Bloomberg News, but prices had also spent part of the session time...

Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce,...

The greenback fell on Thursday, then recovered slightly, as a steep decline in retail sales increased the chances of the Federal Reserve holding rates steady for longer. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, fell to 96.792 after the data before recovering to 97.03 as of 10:41 AM ET (15:41 GMT). U.S. retail sales tumbled 1.2%,...

Gold futures prices fell Thursday as markets awaited more inflation numbers and a late-week release on retail sales. Focus on the economy revs up as a tense geopolitical picture fades briefly into the backdrop amid progress to avoid another government shutdown and continued discussions over U.S.-China trade. For now, April gold was off $6.20, or 0.4%, at $1,308.90 an ounce and is tracking...

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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