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...
China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month.
The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.
On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking into purchasing U.S. agricultural goods such as pork and soybeans.
Gao also voiced hope the two sides will continue to create favorable conditions for the upcoming trade talks in Washington.
China previously imposed tariffs of 25 percent on U.S. farm goods and ordered importers to stop buying soybeans, the largest U.S. export to China. Beijing did not indicate Friday whether soybean purchases would resume.
Beijing's tariffs were imposed in response to U.S. President Donald Trump's tariff increases on Chinese products.
On Wednesday, however, Trump announced he was postponing tariffs on $250 billion in Chinese goods from Oct. 1 to Oct. 15.
He said on Twitter that Chinese Vice Premier Liu He had asked for the delay because of celebrations for the 70th anniversary of the People's Republic of China on Oct. 1.
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...