Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents. Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen oil demand recovery at the world™s largest consumer. However, prices rose more than 2% on Friday...

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The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries. The U.S. Dollar Currency Index, which measures the greenback's strength against six major currencies, was 0.03% higher at 96.774. On Monday, the index had fallen...

Gold fell on Tuesday in the face of competition from safe haven inflows into the dollar as COVID-19 cases increased globally and investors booked profits following bullion's rally to a near eight-year peak. Spot gold fell 0.4% to $1,776.43 per ounce. It earlier touched a high of $1,786.91, $2.05 shy of Wednesday's near eight-year peak of $1,788.96. U.S. gold futures fell 0.5% to $1,784.00 per...

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 44 cents, or 1.02%, to $42.66, after hitting a high of $43.19. West Texas Intermediate crude futures fell 53 cents, or 1.3%, to $40.10 a barrel, after a high of $40.79. Sixteen U.S. states have reported record...

Gold slipped Tuesday as the dollar advanced, but remains trapped in this months narrow trading range near its highest since 2012. While a slew of economic reports since last week added to risk-on sentiment, the resurgence in coronavirus cases from Australia to the Americas limited losses in havens like bullion. European officials expect a deeper economic slump than previously...

Sterling held near a three-week high against the dollar and gained against the euro on Tuesday as investors waited for more details of the government's plans to support the British economy. Chancellor Rishi Sunak will make a speech on spending on Wednesday, with more measures seeping out since Prime Minister Boris Johnson announced five billion pounds of infrastructure investment seven days...

Gold held near the highest level in more than seven years on demand for haven assets amid the resurgence in coronavirus cases in some parts of the world, while the dollar steadied after falling for five days. Spot gold little changed at $1,785.11/oz at 12:26pm in Singapore; +0.5% on Monday. Last week, prices touched $1,789.28, the highest since October 2012....

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday. Brent crude futures rose 7 cents, or 0.2%, to...

Gold held near the highest level in more than seven years on demand for haven assets amid the resurgence in coronavirus cases in some parts of the world, while the U.S. dollar slipped. The pace of new infections in Tokyo, Iran and elsewhere is raising concerns about a fresh wave. Australias two most-populous states will close their shared border from Tuesday night as...

PRECIOUS METALS
Gold Trades Steady as Virus, Equities’ Advance Weighed
Monday, 13 July 2020 08:25 WIB Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on...
ENERGY
Oil slips as traders eye supply cut easing at OPEC meeting
Monday, 13 July 2020 09:36 WIB Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply...
CURRENCIES
Dollar starts week on back foot ahead of data, earnings
Monday, 13 July 2020 09:24 WIB The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate...

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