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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Hopes of progress in U.S.-China trade talks and optimistic comments from Europe on Brexit pushed back the safe-haven yen and lifted the British pound and euro early on Friday. Sterling was the biggest mover overnight, jumping 2% to a two-week high versus the dollar and posting its largest daily percentage gain in seven months on hopes of a Brexit resolution. Irish Prime Minister Leo Varadkar...

Oil prices climbed on Thursday, settling at their highest in more than a week, as traders attempted to make sense of conflicting news reports around U.S.-China trade talks and parsed OPEC's monthly assessment of global supply and demand. West Texas Intermediate crude for November delivery rose 96 cents, or 1.8%, to settle at $53.55 a barrel on the New York Mercantile Exchange”the highest...

Gold futures traded lower Thursday, slipping back under the $1,500 an ounce mark, after President Donald Trump said he plans to meet with Chinese Vice Premier Lui He on Friday as the world economic powers hold their first day of talks in Washington.D.C. December gold on Comex was off $14, or 0.9%, to $1,498.80 an ounce, after rising 0.6% on Wednesday. Futures for gold have settled lower in...

The U.S. dollar fell on Thursday after consumer prices rose less than expected in September, increasing the chances of the Federal Reserve cutting rates before the end of the year. Used-car sales fell by the most in a year, as the core consumer price index rose by just 0.1% from the prior month, according to the Labor Department. The broader CPI was unchanged and p 1.7% on an annual...

Gold futures headed lower Thursday as markets reacted to a wave of Sino-American trade developments, amid important meetings between high-level trade delegates in Washington, D.C. December gold on Comex was off $4.30, or 0.3%, to $1,508.40 an ounce, after rising 0.6% on Wednesday. Futures for gold have settled lower in three of the past four sessions, however. Meanwhile, December silver lost...

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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