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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Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijings phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there...

Gold prices edged higher on Friday but traded in a tight range as investors stayed on the sidelines in the absence of news  catalysts. The metal, however, was on track to post its biggest weekly drop in two months, as a long awaited U.S.-China Phase 1 trade deal fueled risk appetite. Spot gold rose 0.2% to $1,555.14 per ounce by 06:02 GMT, heading for a weekly drop of 0.4% ” its biggest...

The British pound fell Friday after data showed U.K. retail sales falling by 0.6% in December versus the previous month, adding to a picture of a weak economy that may need interest rate cuts to stimulate growth. In the three months to December 2019, sales fell 1% against the prior three months. The pound fell 0.2% to $1.3052, from a level of around $1.31 seen just ahead of the data. Source :...

Gold prices rose on Friday in Asia amid skepticism about the U.S.-China trade deal.The two countries signed the phase one trade deal on Wednesday, however, there are still doubts whether the U.S. and China can consistently develop the relations. Gold Futures for February delivery on New Yorks COMEX was up 0.19% to $1,553.45by 09:41PM ET (02:41 GMT).¯ The phase one deal has been criticized...

Oil prices were steady on Friday as investors braced for data expected to show Chinas economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after gaining nearly 1% on Thursday. U.S. crude was up 6 cents at $58.58 a barrel, having risen more than...

The dollar gained on Friday as U.S. data suggested the worlds largest economy maintained a moderate growth pace at the end of 2019, reaching an eight-month peak against the safe-haven yen. U.S. retail sales increased for a third straight month in December and the number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labour...

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospects for U.S. energy demand. February West Texas Intermediate oil tacked on 71 cents, or 1.2%, to...

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal. Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on...

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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