Gold is flat in early Asian trade. Traders are most likely looking for the next catalyst that will lift gold prices, AxiTrader says.
Meanwhile, gold is likely to remain supported by recent weak global economic data and risks related to U.S.-China trade tensions in the near term, it says. Spot gold is flat at $1,490.57/oz.
Source : Bloomberg
Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3%. Japan's Nikkei rose 0.13%.
The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic...
Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month.
Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 01:08 GMT.
U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69.
The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, an alliance known as OPEC+, agreed in December to...
Hong Kong stocks started Monday with small gains after China's top negotiator hailed "substantial progress" in pushing through a partial trade deal with the United States.
The Hang Seng Index added 0.08 per cent, or 21.84 points, to 26,741.42.
The benchmark Shanghai Composite Index edged down 0.14 per cent, or 4.24 points, to 2,933.90 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was marginally higher, gaining 0.63 points to 1,616.09.
Source : AFP
Palladium resumed its upward march after a brief retreat late last week, boosted by concerns over South African mine supply in an already tight market.
The metal, used to curb emissions from vehicle engines, reached a record $1,784.94 an ounce on Oct. 17.
Gold is little changed as investors weigh the latest trade and Brexit developments ahead of the Federal Reserve™s monetary policy decision at the end of this month. Money managers have decreased their bullish gold bets to a...