Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve.
Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...
The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions.
Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply.
Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....
Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend.
The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84.
The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12.
Source : AFP
Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply.
International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening.
U.S. West Texas Intermediate (WTI)...
Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand.
Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT).
An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%.
U.S. President Donald Trump said...