The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union following the country's departure from the bloc. In an interview with the Financial Times on Saturday, Javid said Britain would not commit to sticking to EU rules in post-Brexit trade talks. That is a threat to businesses that want to ease cross-border checks with the EU once the transition period following Britain's departure on Jan. 31 terminates at the end of the year. The pound was last down 0.2% against the U.S. dollar to $1.2978. It was down...

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Gold prices on Wednesday rose from an over one-week low hit in the last session on renewed worries about the U.S.-China trade relations ahead of the signing of an initial deal. Just a day before the signing an interim trade deal, U.S. Treasury Secretary Steven Mnuchin on Tuesday said tariffs on Chinese goods will be in place until the completion of a Phase 2 agreement. Spot gold rose 0.3% to...

Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world's biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that tariffs on Chinese goods will remain in place until the completion of a second phase of...

The pound slid and gilts rallied after inflation data backed up Bank of England policy maker Michael Saunders' call for urgent stimulus to boost the U.K. economy. Sterling fell against all its peers and 10-year government bond yields dropped to the lowest in more than a month as the data fueled bets that the central bank will lower interest rates this year. Money markets are now fully pricing...

Gold prices rebounded on Wednesday, snapping its recent declining streak amid fresh uncertainties surrounding the U.S.-China trade front. U.S. Gold Futures gained 0.6% to $1,553.15 by 12:47 AM ET (04:47 GMT). Traders remained cautious ahead of the phase one trade deal signing later today, as U.S. Treasury Secretary Steven Mnuchin said tariffs on Chinese goods will be in place until the...

Gold rose after a report that tariffs on billions of dollars of Chinese goods will likely stay in place until after the U.S. presidential election. Palladium surged above $2,200 an ounce to a record. Spot gold +0.4% to $1,552.42/oz at 1:14pm in Singapore; -1% in previous two days. Bloomberg Dollar Spot Index steady. Washington and Beijing have...

Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world's biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the tariffs would remain even as a trade deal is set to be signed on Wednesday. That...

Gold steadied as investors weighed a report that tariffs on billions of dollars of Chinese goods will likely stay in place until after the presidential election. Palladium surged above $2,200 an ounce to a record. Spot gold +0.2% to $1,549.47/oz at 8:56am in Singapore; -1% in previous two days. Bloomberg Dollar Spot Index steady. Washington and Beijing have...

The safe-haven yen held firm and riskier Asian currencies softened a little on Wednesday, as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is aimed at drawing a line underneath 18 months of tit-for-tat tariff hikes that have hurt global growth. But hopes that it may herald warmer relations between the worlds top two economies were...

PRECIOUS METALS
Gold Edges Higher After IMF Shaves World Growth Forecast
Monday, 20 January 2020 20:50 WIB Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were...
ENERGY
Oil Rises as Libyan Oilfields Shut Down
Monday, 20 January 2020 18:55 WIB Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military...
CURRENCIES
Sterling Falls after Javid Comments Stoke Hard Brexit Fears
Monday, 20 January 2020 23:48 WIB The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union...

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