Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures gained 25 cents to trade at $64.87 per barrel. U.S. West Texas Intermediate crude futures gained 2 cents to settle at $58.54. For the week, Brent fell 0.2%, while WTI lost 0.8%. China's economy, the world™s second-largest, grew by 6.1% in 2019, its slowest expansion in 29 years, government data showed on Friday. In 2019 Chinese refineries processed 651.98 million...

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The U.S. dollar edged higher against the euro on Thursday after the European Commission slashed its economic growth forecasts for the euro zone due to the expected impact of trade tensions and other challenges for the bloc's largest countries. In a quarterly economic forecast, the EU executive revised down its estimates for inflation in the 19-country currency bloc next year and also cut euro...

Gold futures edged lower Thursday, building on a small weekly loss as the U.S. dollar continued a string of gains. Gold for April delivery fell $1, or 0.1%, to $1,313.40 an ounce, while March was off 1.1 cents, or 0.1%, to $15.69 an ounce. The dollar, after a weaker start to the year, found its footing this week, with the ICE U.S. Dollar a measure of the currency against a basket of six major...

Oil steadied near $54 a barrel as a decline in American fuel inventories signaled that demand remains healthy despite ongoing concerns about the global economy. Inventories of winter fuel in the U.S. fell more than expected last week as cold polar air blasted the nation, though crude stockpiles rose amid record output, according to the Energy Information Administration....

The pound fell to its lowest level in more than two weeks before the Bank of Englands monetary policy decision, helping the Bloomberg Dollar Spot Index to extend a rally into a sixth day. Sterling slips below $1.2900 on wednesday, the U.K. currency is under pressure in options markets as well, amid continuing uncertainty surrounding Brexit. GBP/USD falls 0.3% to 1.2899, versus 1.2896...

The euro slid to a new two-week low against the dollar in early trading in Europe Thursday as traders braced for more gloomy headlines about the economic outlook. German industrial output data have already set the tone, showing a drop of 0.4% in December rather than the 0.7% rise predicted. Spain meanwhile reported output fell 6.2% year-on-year in December, far worse than forecasts for a 2.3%...

Gold declined a second day as the dollar strengthened with investors waiting for fresh market cues from further meetings between the U.S. and China on trade. Spot gold -0.2% to $1,303.85/oz at 8:18am in London; -0.7% Wednesday. Bloomberg Spot Dollar Index +0.3% to head for the highest close since Jan. 3. Meanwhile, Federal Reserve Chairman Jerome Powell gave a brief but...

Oil prices slipped on Thursday after U.S. crude inventories rose and the country's production held at record levels, but OPEC-led supply cuts and Washington's sanctions against Venezuela supported markets. U.S. West Texas Intermediate (WTI) crude futures were at $53.82 per barrel at 0607 GMT, down 19 cents, or 0.4 percent, from their last settlement. International Brent crude oil futures fell...

Gold on Thursday held near one-week lows touched in the previous session amid a stronger dollar, but worries over slowing global economic growth and the specter of another U.S. government shutdown kept the safe-haven metal above the key $1,300-level. Spot gold was steady at $1,306.81 per ounce at 0050 GMT. Prices fell 0.7 percent in the previous session in their biggest one-day drop since Jan....

PRECIOUS METALS
Gold futures end higher for the session, barely changed for the week
Saturday, 18 January 2020 02:03 WIB Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the...
ENERGY
Oil posts second straight week of declines as global demand concerns weigh
Saturday, 18 January 2020 03:02 WIB Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and...
CURRENCIES
Pound Stumbles After Weaker-Than-Expected U.K. Retail Sales Data
Friday, 17 January 2020 17:01 WIB The British pound fell Friday after data showed U.K. retail sales falling by 0.6% in December versus the previous month, adding to a picture of a...

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