Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal Reserve that's expected to offer hints on the central bank's plan on interest rates.
International trade clashes and a concern over a weakening global economy, however, limited losses for the haven metal.
The yellow metal for August delivery fell $1.60, or 0.1%, to settle at $1,342.90, after closing Friday action with a weekly loss of 0.1% based on...
Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy.
The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018.
Some commodity strategists say the precious...
The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday.
Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday.
India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...
Crude oil futures prices fell Monday, with investors digesting worrisome demand updates issued last week and keeping tabs on typically price-supportive risks percolating in the Middle East.
On Monday, West Texas Intermediate crude for July delivery fell 58 cents, or 1.1%, to settle at $51.93 a barrel on the New York Mercantile Exchange, following two consecutive session gains.
Meanwhile, August Brent crude dropped $1.07, or 1.7%, to $60.94 a barrel on ICE Futures Europe in Monday action....
Hong Kong stocks closed up Monday as investors cheered a decision by the city's government to suspend plans for a controversial extradition law.
The Hang Seng Index rose 0.45 percent, or 122.00 points, to 27,240.35.
The benchmark Shanghai Composite Index closed up 0.20 percent, or 5.65 points, at 2,887.62, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.20 percent, or 2.94 points, to 1,502.12.
Source : AFP