Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation™s economy, prompting investors to drop riskier assets and look for safe havens. Spot gold climbed 0.5% to $1,577.93 per ounce by 0743 GMT. Earlier in the session, prices rose as much as 1% to their highest since Jan. 8 at $1,586.42. U.S. gold futures rose 0.3% to $1,576.50. Asian stocks slipped as the coronavirus killed 81 people and infected more than 2,700 in China, with residents of Hubei province, where the disease...

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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...

Gold edges toward $1,300 an ounce

Thursday, 10 January 2019 20:25 WIB

Gold futures edged higher Thursday, on track for a weekly gain as a result of a weaker dollar, which has allowed the metal to push back toward the psychologically important $1,300-an-ounce level. February gold rose $2.10, or 0.2%, to $1,294.10 an ounce, while March gained 2 cents, or 0.1%, to fetch $15.755 an ounce. The yellow metal is up 0.7% in the week to date and has rallied 1% so far in...

Oil traded near a one-month high after entering a bull market, while the tension between an uncertain economic outlook and efforts by OPEC to restrict supplies continued to cause volatile trading. West Texas Intermediate slipped 0.5 percent after a rally on Wednesday brought crudes rebound from an 18-month low in December to 23 percent. Prices had climbed as Saudi Energy...

PRECIOUS METALS
Gold Climbs to 2-Week High as Virus Fears Spark Safety Buying
Monday, 27 January 2020 18:31 WIB Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact...
ENERGY
Oil drops below $60 as China virus drives demand concern
Monday, 27 January 2020 18:07 WIB Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus...
CURRENCIES
Safe Haven Yen Rallies on Virus Fears
Monday, 27 January 2020 16:48 WIB The Japanese yen is in demand Monday as traders flock to the safe haven currency amid concerns over the spread of the pneumonia-like virus in...

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