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 prices advanced Wednesday, as bulls tried for back-to-back gains after a sharp tumble to start the week. Haven precious metals were largely tracking weaker equities and global headlines emphasizing trade-war uncertainty, tensions in the Middle East and protests in Hong Kong. Gold for June delivery on Comex was up $4.80, or 0.4%, at $1,331.20 an ounce. Futures prices are up roughly 1.9%...

The pound rose towards a three-week high on Wednesday after Britain's main opposition party said it would try to introduce parliamentary legislation to prevent a no-deal Brexit. Investors are concerned the next prime minister could put Britain on course for a no-deal divorce with the European Union and send the pound plummeting. Frontrunner Boris Johnson, a eurosceptic, has said he would be...

Gold's back in vogue as trade-war risks fester and financial markets look ahead to next week's Federal Reserve meeting, when policy makers may do more to pave the way for a U.S. interest rate cut. Spot bullion climbed as much as 0.8% to $1,337.25 an ounce as silver rose. Prices hit $1,348.31 last week, the highest since April 2018, after a feeble U.S. payrolls report. Exchange-traded...

Prices of the safe-haven gold traded higher on Wednesday in Asia amid continuing uncertainty surrounding Sino-U.S. trade developments. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,335.75 per ounce by 1:15 AM ET (05:15 GMT). Uncertainty surrounding Sino-U.S. trade relationships continued to provide support to the...

Oil prices were down on Wednesday in Asia as the U.S. Energy Information Administration (EIA) cut its forecasts for 2019 world oil demand growth and the American Petroleum Institute (API) reported a surprise increase in crude stockpiles. U.S. Crude Oil WTI Futures were down 1.5% to $52.43 by 12:40AM ET (04:40 GMT). International Brent Oil Futures fell 1.5% to $61.36. In a monthly report, the...

Gold held a two-day decline as investors weighed the latest comments by President Donald Trump on trade, with markets anticipating further developments at the Group-of-20 summit later this month. Trump said hes holding up a deal with China and he wont complete the agreement unless Beijing returns to terms negotiated earlier. Separately, the...

The dollar hung near an 11-week low against its peers on Wednesday, weighed by expectations the U.S. Federal Reserve could cut interest rates some time in the next few months. The dollar index versus a basket of six major currencies was flat at 96.698, trading just above the 96.459 level it hit on Monday, its lowest since March 25. The index has been under pressure following a sharp decline in...

Oil prices fell on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent crude futures, the international benchmark for oil prices, were down 76 cents, or 1.22%, at $61.53 a barrel by 00:36 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 79 cents, or 1.3%, at $52.58 per...

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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