Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50 cents, or 0.8%, to $59.40 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.18, or 2.1%, to settle at $54.17 a barrel. China™s commerce ministry said it would impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States, including agricultural products such as soybeans, crude oil and small...

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Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. But the bigger factor for the week could be what transpires at the Kansas City Fed's annual gathering in Jackson Hole, Wyo. New York-traded West Texas Intermediate crude settled up $1.23, or 2.2%, at $56.13 per barrel. London-traded Brent crude gained $1.01, or 1.7%. But...

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a...

Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits. Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1. Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve...

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth in oil demand. Brent crude, the international benchmark for oil prices, was up 65 cents, or...

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT. U.S. gold futures also fell 0.5% to $1,516.80 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high...

PRECIOUS METALS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...
ENERGY
Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a...
CURRENCIES
Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve...

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