Oil prices slipped more than $1 a barrel on Monday, after the world's top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand. Brent crude (LCoc1) slipped close to $30 a barrel in early trade and was at $32.82 by 02:03 GMT, down $1.29, or 3.8%. West Texas Intermediate (WTI) crude (CLc1) fell $1.66, or 5.9%, to $26.68 a barrel, after earlier touching a low of $25.28. Late last week, prices surged, with U.S. and Brent contracts posting their largest ever weekly percentage gains due to hopes...

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Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further. Brent crude, the international benchmark for oil prices, was down $2.09, or 8.4%, at $22.84 by 09:17 GMT, after earlier dropping to $22.58, the lowest...

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread. Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. Investors appetite for riskier assets remained weak as fears mounted that the global...

The dollar is back in demand Monday as hopes of an early end to the shutdown which has paralysed the U.S. economy were dashed over the weekend, prompting some traders to head back to the greenback safe haven. At 3:55 AM ET (0815 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 98.965, up 0.4%. EUR/USD traded at 1.1078, down 0.6%, USD/JPY...

The U.S dollar was up on Monday as the COVID-19 pandemic continues to decrease investors appetite for risk. The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.35% to 98.885 by 11: 18 PM ET (4:18 AM GMT). Ever increasing numbers of global COVID-19 cases are driving investors to seek haven in the dollar. The USD/CNY pair clawed back from its losses...

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008. Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic. The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic...

The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. In bumpy trade the dollar ran ahead early before settling back against the pound, euro, kiwi and the Australian dollar. Sterling was last 0.1% softer at $1.2449, the Aussie flat at...

Crude oil benchmarks dropped on Monday, extending last week's losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. U.S. West Texas Intermediate (WTI) crude (CLc1) futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT, while Brent (LCOc1) futures fell 5.6%, or $1.40, to...

Oil futures fell Friday, with the slowdown in energy demand sending prices down for a fifth straight week. U.S. benchmark prices, however, found modest support after Baker Hughes reported that the number of active U.S. oil rigs fell by 40 to 624 this week, indicating a likely decline in production. May West Texas Intermediate oil fell $1.09, or 4.8%, to settle $21.51 a barrel on the New York...

PRECIOUS METALS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week
Saturday, 4 April 2020 01:25 WIB Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns...
ENERGY
Oil drops over $1 on oversupply after OPEC+ delays meeting
Monday, 6 April 2020 09:18 WIB Oil prices slipped more than $1 a barrel on Monday, after the world's top producers delayed a meeting to discuss output cuts that could partly...
CURRENCIES
Pound down after coronavirus-stricken Johnson taken to hospital for tests
Monday, 6 April 2020 08:29 WIB The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing...

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