Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve™s stance on interest rate cuts.
Spot gold was steady at $1,484.60 per ounce. U.S. gold futures settled mostly unchanged at $1,487.5.
œEverything is really quiet. The biggest factor, with the Fed looming and Brexit on the horizon, in the U.S. is really company earnings right now, said Michael Matousek, head trader at U.S....
Oil futures settled at a nearly two-week low Monday, as investors failed to shake worries that growing signs of economic weakness will eventually hurt demand for crude oil.
West Texas Intermediate crude for November delivery fell 47 cents, or 0.9%, to end at $53.31 a barrel on the New York Mercantile Exchange, after the U.S. benchmark contract posted a 1.7% weekly decline. The November contract, expires at Tuesday™s settlement.
Global benchmark Brent crude for December lost 46 cents, or...
Gold reversed earlier losses as investors digest the latest trade and Brexit news. Holdings in gold-backed exchange-traded funds continue to close in on a record set in 2012.
Gold ETFs expanded for a third day Monday, extending this year's increase to 16%. Central banks including Turkey and Germany also added gold holdings last month, joining major buyers like Russia and China, data from the International Monetary fund show.
Spot gold rose 0.3% to $1,488.68/oz after...
Gold prices eased on Tuesday as reports that trade talks between Washington and Beijing were making progress cheered markets, but a dearth of concrete signs kept investors on the edge.
Spot gold was down 0.1% at $1,482.41 per ounce, as of 00:38 GMT. U.S. gold futures dropped 0.2% to $1,485.80.
U.S. President Donald Trump said on Monday that U.S.-China trade talks were making progress, adding to a comment he made on Friday that a trade deal will be signed by the time the Asia-Pacific Economic...
Hong Kong stocks ended slightly up Monday, boosted by upbeat comments by China's top negotiator on progress in trade talks with the United States.
The Hang Seng Index rose 0.08 percent, or 20.66 points, to 26,740.24.
The benchmark Shanghai Composite Index finished 0.05 percent higher, or 1.48 points, to close at 2,939.62 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, ended 0.11 percent lower, or 1.85 points, at 1,614.87.