The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union following the country's departure from the bloc. In an interview with the Financial Times on Saturday, Javid said Britain would not commit to sticking to EU rules in post-Brexit trade talks. That is a threat to businesses that want to ease cross-border checks with the EU once the transition period following Britain's departure on Jan. 31 terminates at the end of the year. The pound was last down 0.2% against the U.S. dollar to $1.2978. It was down...

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Gold steadied after posting the biggest decline in two months with the U.S. and Iran appearing to be step back from a deeper military conflict, denting the appeal of haven assets. Palladium continued its meteoric rise to a record. President Donald Trump defended on Wednesday the U.S. strike on a top Iranian general that sparked a missile barrage on American bases in...

AUD/USD continues to trade in the green despite Australia reporting a weaker-than-expected trade data for the month of November. The trade surplus, the amount by which the value of a country's exports exceeds the cost of its imports, rose to A$5,800 in November, missing the expected figure of A$5,915 million, but up significantly from the preceding month's A$4,502 reading. Exports or outbound...

Oil was steady near $60 a barrel as tensions de-escalated in the Middle East after U.S. President Donald Trump downplayed the impact of Iranian attacks on American military bases in Iraq. Futures in New York added 0.5% after sinking the most in more than a month on Wednesday, erasing an earlier rally, as Trump backed away from the precipice of a war with Iran. While its...

Oil futures moved sharply lower Wednesday, with U.S. prices logging their lowest settlement in nearly four weeks after briefly rallying to highs not seen since April, as worries surrounding the U.S.-Iran conflict subsided for now. Data from the Energy Information Administration on Wednesday showing a surprise weekly rise in U.S. crude inventories, along with hefty increases in gasoline and...

Gold futures settled with a loss on Wednesday on the heels of 10 consecutive session gains. With no further escalation in the situation between Iran and the U.S. on Wednesday, "the period of calm resulted in profit taking" in the gold prices, said Chintan Karnani, chief market analyst at Insignia Consultants. Traders will use sharp dips in prices to invest in gold, but it is "difficult to...

Gold surged past the $1,600 level for the first time in nearly seven years earlier on Wednesday after Iran conducted retaliatory attacks against U.S. forces in Iraq, but the metal pared gains as investors awaited reaction from the White House. Spot gold rose 0.3% to $1,578.76 per ounce, having earlier surged as much as 2.4% to its highest since March 2013 at $1,610.90. U.S. gold futures rose...

Oil prices steadied to trade slightly higher Wednesday morning, significantly below peaks hit earlier in the session after Iran launched a rocket attack on American forces in Iraq. Oil retreated from highs as it became clear no energy infrastructure was targeted. There were no reports of casualties so far either, leading traders to believe maybe there will not be a wider conflict that disrupts...

Gold prices rise after Iran fired more than a dozen ballistic missiles at U.S. forces in Iraq, according to the Pentagon, an act of retaliation for the assassination of Iranian Maj. Gen. Qassem Soleimani. The precious metal is 0.9% higher at $1,588.30 a troy ounce in the New York futures market in early European trading. Shortly after the missile attack, it rose as much as 2.8%, to a fresh...

PRECIOUS METALS
Gold Edges Higher After IMF Shaves World Growth Forecast
Monday, 20 January 2020 20:50 WIB Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were...
ENERGY
Oil Rises as Libyan Oilfields Shut Down
Monday, 20 January 2020 18:55 WIB Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military...
CURRENCIES
Sterling Falls after Javid Comments Stoke Hard Brexit Fears
Monday, 20 January 2020 23:48 WIB The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union...

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