Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch
Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...
Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday. Traders pulled $275 million from the VanEck Vectors Junior Gold Miners...
Gold™s got more room to rally as there™s little possibility of the Federal Reserve raising interest rates in 2020, according to Citigroup Inc (NYSE:C). Futures on the Comex will average $1,575 an ounce in 2020, and could climb above $1,600, with an upside bias seen at the end of the year, Doshi said. Prices traded around $1,478 on Thursday, up about 15% this year. Bullion is heading for the biggest annual gain since 2010 as central banks globally embraced looser monetary policy to try to...
Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unchanged in a range of 1.5% and 1.75%. On Wednesday, West Texas Intermediate crude for January delivery declined 48 cents, or 0.8%, to settle at $58.76 a barrel on the New York Mercantile Exchange. On...
Iran said it had passed 4.5% enrichment, breaching the 3.67% limit set in the accord aimed at restraining Tehran's nuclear weapons development.
Iran said it could consider enriching uranium to 20% as the next step in its move to back away from its commitments under the nuclear deal, unless it gets the help it wants from the accord's other signatories to overcome the crippling effect of U.S. economic sanctions imposed by U.S. President Donald Trump after he withdrew from the pact last year.
Uranium enriched to 5% is sufficient to produce fuel for nuclear power plants, but still far below the 90% needed for building a nuclear weapon.
The United Nations atomic watchdog agency said it was in the process of verifying the Iranian claim that it had breached the enrichment limit.
The European Union, one of the signatories to the deal with Iran, said it was "extremely concerned" about Tehran's action.
Russia said it is concerned about the Iranian action, but Kremlin spokesman Dmitry Peskov said it had warned that Trump's withdrawal from the pact would have negative consequences for global security.
Trump warned Iran on Sunday it "better be careful."
He did not specify to reporters any specific reactions his administration was considering, but reiterated the position that "Iran will never have a nuclear weapon."
Source : VOA
North Korea berated the U.S. Thursday for denouncing its ballistic missile tests at a United Nations Security Council meeting. U.S. Ambassador Kelly Craft said at the meeting Wednesday that Pyongyang...
Voters in Britain are casting ballots Thursday in an early general election that may bring a long-awaited resolution to the departure from the European Union they approved in a 2016 referendum. Prime...
Ankara is threatening retaliation against Washington if hit by sanctions. The warning comes as the U.S. Senate prepares to vote on measures against Turkey over its procuring of Russian defense system...
New Zealand authorities say conditions on White Island continue to prevent efforts to send search crews to recover the bodies of those killed in Monday's volcanic eruption. Seismologists with New Zea...
Myanmar's state counsellor, the Nobel laureate Aung San Suu Kyi, appeared at the International Court of Justice in The Hague on Tuesday to defend her government against accusations of genocide. Myanm...
Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: Marketwatch
Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. February gold fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...
Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday. Traders pulled $275 million from the VanEck Vectors Junior Gold Miners...
Gold™s got more room to rally as there™s little possibility of the Federal Reserve raising interest rates in 2020, according to Citigroup Inc (NYSE:C). Futures on the Comex will average $1,575 an ounce in 2020, and could climb above $1,600, with an upside bias seen at the end of the year, Doshi said. Prices traded around $1,478 on Thursday, up about 15% this year. Bullion is heading for the biggest annual gain since 2010 as central banks globally embraced looser monetary policy to try to...
Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unchanged in a range of 1.5% and 1.75%. On Wednesday, West Texas Intermediate crude for January delivery declined 48 cents, or 0.8%, to settle at $58.76 a barrel on the New York Mercantile Exchange. On...