Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 6.49% to trade at $26.50 per barrel, while international benchmark Brent crude slipped 4.19% to $32.68 per barrel. Earlier, U.S. crude futures had fallen about 9%. Oil surged last week ” WTI and Brent are both coming off their best week on record ” as Saudi Arabia called a meeting between between OPEC and its allies, known as OPEC+, signalling...

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Gold rose for a third straight session on Wednesday, hitting its highest in about two weeks, as positive rhetoric from U.S. lawmakers regarding a stimulus bill to cushion the economic damage from the coronavirus outbreak lifted investor sentiment. Spot gold was up 0.9% at $1,624.18 per ounce by 0038 GMT, after rising as much as 1.6% to $1,635.79 earlier in the day ” its highest since March...

The dollar halted its decline and gains in riskier currencies petered out on Wednesday as fresh rises in coronavirus cases kept markets on edge and the greenback funding market tight. Foreign exchange markets were in consolidation as the prospect of a huge U.S. stimulus package bolstered Asian stock markets although gains in riskier currencies were tempered. The safe-haven dollar, which had...

Oil prices rose more than 3% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand. Brent crude oil futures for May delivery gained 22 cents to trade at $27.27 per barrel, while West Texas Intermediate crude futures rose 65 cents, or 2.78%, to settle at $24.01...

Gold futures climbed sharply on Tuesday, sending prices up by 6% to mark the biggest daily percentage climb in 11 years. Prices continued to draw support from the Federal Reserve's decision to purchase an unlimited amount of Treasurys and securities to support the financial market, as well as from expectations of tighter supplies amid news of the closure of some mining operations. April gold...

Gold prices were on track to surge by the most in more than a decade as the precious metal extended its rally to start the week, following the closure of gold mining operations and moves by the Federal Reserve to address the coronavirus crisis. Gold for April delivery on Comex was up $103.40, or 6.6%, at $1,671, after the yellow metal booked a 5.6% gain, pushing the commodity to its highest...

Oil futures saw strong gains Tuesday, with the U.S. benchmark extending a bounce off 18-year lows a day after the Federal Reserve unveiled a historic round of monetary stimulus and investors remained upbeat about prospects for a congressional approval of a massive fiscal stimulus package. West Texas Intermediate crude for April delivery rose $1.09, or 4.7%, to $24.45 a barrel on the New York...

Gold rose 2% on Tuesday, extending gains from a near 4% surge in the previous session, after the U.S. Federal Reserves unprecedented measures to help an economy reeling from the coronavirus pandemic halted a rush for cash. Spot gold rose 1.3% to $1,572.45 per ounce by 06:37 GMT. The metal rose 3.7% on Monday, its highest percentage gain since June 2016. U.S. gold futures climbed 1.9% to...

Gold rose 2% on Tuesday, extending gains from a near 4% surge in the previous session, after the U.S. Federal Reserves unprecedented measures to help an economy reeling from the coronavirus pandemic halted a rush for cash. Spot gold rose 1.3% to $1,573.17 per ounce by 0333 GMT. The metal rose 3.7% on Monday, its highest percentage gain since June 2016. U.S. gold futures rose 1.5% to...

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 more than 6% following a record surge last week, as OPEC meeting on a production cut is delayed
Monday, 6 April 2020 09:18 WIB Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking...
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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