Oil rose sharply in early Monday trading in Asia following a report that full repairs to Saudi oil fields hit by a drone attack earlier this month may take many months. Brent crude rose 1.1% after surging 6.7% last week, its largest weekly gain since January. Saudi Aramco on Saturday reaffirmed its commitment to bringing 5.7 million barrels a day of lost output back by the end of the month, however, a Wall Street Journal report Sunday quoted a Saudi official saying the situation is not œas rosy as you might think. Tensions remain high in the region, with the...

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Gold Recoups a Slice of Recent Losses

Thursday, 11 January 2018 03:05 WIB

Gold prices settled higher Wednesday, recouping some of their recent losses after briefly tapping a nearly four-month intraday high as the dollar weakened against major rivals. February gold advanced $5.60, or 0.4%, to settle at $1,319.30 an ounce after tapping a high of $1,328.60”the highest intraday level since Sept. 15, FactSet data show. The move follows two sessions of declines. The...

Oil prices pared some of their gains Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by 4.9 million barrels for the week ended Jan. 5. That was more than the 3.5 million-barrel decline forecast by analysts surveyed by S&P Global Platts. February crude traded at $63.17 a barrel on the New York Mercantile Exchange, down from $63.35 before...

Gold prices shot higher Wednesday, trading at their highest in nearly four months, as the dollar tumbled against major rivals and offset a gold-negative rise in bond yields. February gold advanced $11.60, or 0.9%, to $1,325.30 an ounce, holding above the psychologically significant level of $1,300, which it reclaimed in late December, and snapping what had been back-to-back declines. The...

Sterling fell below the $1.35 line for the first time in a week on Wednesday as investors locked in profits after a rally, though some decent economic data stopped it dropping further. British industrial output rose by a monthly 0.4 percent in November, compared with 0.2 percent in October, spurring an annual rise of 2.5 percent. Economists taking part in a Reuters poll had expected to see...

Gold rebounded from earlier losses as the dollar weakened against most major currencies. Palladium traded steady near a record high. Bullion for immediate delivery rose 0.6% at $1,320.99/oz. Metal earlier fell as much as 0.3%. Price added 1% this month; reached 3-month high last week Gold's 14-day relative-strength index exceeded 70 recently, a signal to some traders and...

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Dollar gives up post Fed gains, sterling hits two-month high
Friday, 20 September 2019 15:18 WIB The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and...

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