Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil futures can "break above multi-month resistance in the low $60s will depend on U.S.-China trade relations; a favorable deal with material tariff reductions will be supportive of a move higher in oil, while continued confusion on the status of the deal will keep energy markets capped," said Tyler...

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RECENT NEWS

The Australian dollar climbed on Friday in Asia after data of the countrys retail sales for November came in better than expected. Sales rose 0.4% month-on-month, up from the 0.3% growth in October and above analysts estimates of a 0.3% gain. Meanwhile, the U.S. dollar slipped after Federal Reserve Chairman Jerome Powell reiterated that the central bank could afford to be patient on...

Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply. Despite this, markets were held in check by expectations of an economic slowdown in 2019. International Brent crude futures were at $61.59 per barrel at 05:55 GMT,...

Gold prices edged up on Friday as the dollar softened a touch on expectations the U.S. central bank will keep interest rates steady if the economy slows this year, while the Sino-U.S. trade spat also remained in focus. Spot gold had risen 0.2 percent to $1,288.83 per ounce by 01:17 GMT. U.S. gold futures climbed about 0.2 percent to $1,289.40 per ounce. The dollar index, which tracks the...

The dollar held a soft tone versus its peers on Friday, on rising expectations the U.S. Federal Reserve may hit the pause button on monetary tightening if the economy slows this year. Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the...

Oil is poised for the biggest weekly gain in more than two years as OPEC+ cuts, a potential U.S.-China trade deal and U.S. interest rate policy bolstered bullish sentiment. Futures are headed for 9.1 percent advance this week, the most since December 2016. The Saudi-led producer coalition pledged to keep markets in balance, while optimism grew that the U.S. and China would eventually reach...

Oil futures prices bounced around Thursday, at risk of halting an eight-session rally that has taken the U.S. benchmark to four-week highs and pushed both contracts out of bear-market territory. A slightly stronger U.S. dollar also helped to push oil lower, as the firmer buck makes U.S. crude more expensive for investors using another currency. In Thursday dealings, West Texas Intermediate...

Gold futures finish lower Thursday after failing to overcome resistance at the psychologically important $1,300-an-ounce level, but remained on track for a modest weekly gain as a result of overall softness in the dollar. February gold fell by $4.60, or 0.4%, to settle at $1,287.40 an ounce after trading as high as $1,298. The yellow metal was up a modest 0.1% in the week to date and has...

Sterling hovered just off one-week lows against the euro on Thursday after British Prime Minister Theresa May lost two parliamentary votes in two days, adding more Brexit uncertainty and raising the prospect she may soon face a general election. The UK currency clawed its way higher by 1615 GMT to trade at around 90.16 pence, having earlier slipped to as low as 90.59 pence. It was a whisker...

PRECIOUS METALS
Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade
Saturday, 14 December 2019 02:21 WIB Gold prices climbed Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out news that China has agreed...
ENERGY
U.S. oil futures settle above $60 for first time since mid-September
Saturday, 14 December 2019 02:47 WIB Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a...
CURRENCIES
Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies
Friday, 13 December 2019 15:59 WIB The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.™s...

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