Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 million barrels last week, according to people familiar with the data. That would be the biggest increase since February 2017 if confirmed by the official Energy Information Administration figures due Thursday. West Texas Intermediate for November delivery dropped 38 cents, or 0.7%, to $52.98 a...

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Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot gold +0.1% at $1,490.20/oz after losing 1% last week. Palladium gained as much as 0.5% to $1,707.84/oz, new all-time high. Silver gained 0.2%, while platinum was down 0.4%. Bloomberg Dollar Spot Index advanced 0.1%. Spot gold edged higher in...

The dollar was slightly higher and the British pound stumbled at the start of the week, on lingering doubts about the outlook for the world economy as the market takes a closer look at the much-hyped breakthroughs on the U.S.-China trade dispute and on Brexit. By 3:45 AM ET (0745 GMT), the dollar index, which measures the greenback against a basket of developed market currencies, was up 0.2% at...

The British pound fell against the U.S. dollar on Monday in Asia despite renewed Brexit hopes. The greenback inched up amid positive trade progress with China. The GBP/USD pair lost 0.3% to 1.2614 1:25 AM ET (05:25 GMT). The pound rose on Friday amid signs of a possible agreement on the Irish border problem. Reports suggested that the U.K. had conceded that the province of Northern Ireland...

Gold held a drop as investors weighed signs of progress in U.S.-China trade negotiations, though sentiment was capped amid some skepticism about the accord. The U.S. and China agreed on the outlines of a partial trade accord Friday that President Donald Trump said he and his counterpart Xi Jinping could sign as soon as next month. The official Chinese response to the...

Oil prices were down on Monday in Asia, after surging late last week, as traders are becoming more sceptical on whether the œphase one trade deal the U.S. and China agreed on Friday would lead to a quick recovery in oil demand. U.S. Crude Oil WTI Futures lost 0.6% to $54.39 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures also fell 0.5% to $60.22. Washington and Beijing reached...

PRECIOUS METALS
Gold steady as disappointing U.S. retail sales weigh on risk appetite
Thursday, 17 October 2019 08:50 WIB Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of...
ENERGY
Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in...
CURRENCIES
Dollar nurses loses; pounds fate tied to EU summit
Thursday, 17 October 2019 08:36 WIB The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the...

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