Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat at $1,578.10. Bullion rose for the past four sessions as the spread of the coronavirus rattled financial markets and prompted authorities to impose travel restrictions and extend the Lunar New Year holidays. œGold has been positive for the last few sessions and is witnessing profit...

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Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China. Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following...

Britain's pound rose against the dollar and the euro on Wednesday as investors debated whether or not the Bank of England would cut interest rates when it meets next week. Financial markets saw less chance on Wednesday that the BoE would trim the current 0.75% rate at its meeting on Jan. 30, after the Confederation of British Industry reported a pick-up in manufacturers'...

Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar. Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50. Investors will keep a close eye on the European Central Banks first policy meeting of the year on...

Oil prices dropped on Wednesday as the International Energy Agencys (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libyas crude output. Brent crude was down 34 cents, or 0.5%, to $64.25 per barrel, after dropping 0.3% on Tuesday. U.S. West Texas Intermediate crude fell 32 cents, or 0.6%, to...

The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant. At 04:10 ET (09:10 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was up 0.1% at 97.42. The yen dropped 0.1% against the dollar, with USD/JPY trading at 109.97....

Gold fell for a second day as markets assessed the likely impact of the spread of Chinas coronavirus. Palladium climbed after posting its biggest loss since August. Spot gold -0.3% to $1,553/oz at 7:21am in London; -0.2% Tuesday. Palladium +1.5% to $2,436.98/oz; prices -5.6% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday. Asian...

The U.S. dollar and the Chinese yuan were little changed on Wednesday in Asia despite concerns surrounding the coronavirus outbreak in Wuhan. The U.S. dollar index inched up 0.08% to 97.390 by 1:15 AM ET (05:15 GMT). As of Wednesday morning, Chinese authorities confirmed that at least nine people, all in Wuhan, have died after contracting the virus and a total of 15 medical personnel have been...

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plentiful supplies elsewhere. Brent crude (LCOc1) was down 13 cents, or 0.2%, at $64.46 a barrel at 0119 GMT, after dropping 0.3% on Tuesday. U.S. oil (CLc1) fell 16 cents, or 0.3%, to $58.22 a barrel, having...

PRECIOUS METALS
Gold Eases Ahead of Fed Meeting; Virus Fears Persist
Tuesday, 28 January 2020 16:05 WIB Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept...
ENERGY
Oil falls for sixth day as China virus raises global growth, demand concerns
Tuesday, 28 January 2020 13:57 WIB Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic...
CURRENCIES
Dollar in Demand, Euro, Pound Under Pressure
Tuesday, 28 January 2020 15:34 WIB The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as...

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