Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months. Prices for the precious metal then climbed in electronic trading after the U.S. Federal Reserve left key interest rates unchanged, but also said it will "closely monitor" the economy in light of growing "uncertainties."
August gold was at $1,353 an ounce shortly after the Fed policy statement. The contract settled down $1.90, or 0.1%, at $1,348.80 on Comex, ahead of...
Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates.
Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,382.83 by 9:13 a.m. in Singapore. Futures in New York climbed as much as 3.6% to $1,397.70 an ounce, also the highest since 2013.
The metal has rallied since late May as investors seek havens amid slowing global growth due to the...
With markets on hold ahead of the Federal Reserve™s policy decision, gold prices dropped on Wednesday on further signs of easing tension in the Sino-U.S. trade dispute.
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $3.85, or 0.3%, at $1,346.85 a troy ounce by 7:07 AM ET (11:07 GMT).
U.S. President Donald Trump had tweeted on Tuesday that he had a œvery good telephone conversation with President Xi and said trade negotiators from both...
Hong Kong stocks ended up one percent Tuesday, building on the previous day's gains, as traders look ahead to a crucial meeting of the Federal Reserve.
The Hang Seng Index rose 1.00 percent, or 271.61 points, to 27,498.77.
The benchmark Shanghai Composite Index ended up 0.09 percent, or 2.54 points, to 2,890.16 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.16 percent, or 2.45 points, to 1,504.57.
Source : AFP
Oil prices were little changed on Wednesday after the Federal Reserve said that the central bank will keep interest rates steady.
Brent crude futures were down 29 cents, or 0.47 percent, to $61.85 a barrel.U.S. West Texas Intermediate crude settled down 14 cents, or 0.3 percent, to $53.76 a barrel. On Tuesday, it had recorded its biggest daily rise since early January.
Government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington...