Gold futures gained Wednesday, leaving the contract on track to finish above the closely watched $1,200 line for a seventh straight session.
December gold was up $4.50, or 0.4%, at $1,207.40 an ounce, as the dollar index flitted between small gains and losses. The dollar and gold, which is chiefly priced in the U.S. currency, tend to move inversely. The dollar index is down 0.5% month to date, trimming its 2018 gain so far to about 2.8%.
Gold held its gain and the dollar index remained stuck...
Gold saw prices edge higher, building on a rise for the week on the heels of a decline in the benchmark dollar index, which has already shed nearly 2% over the past month.
Gold prices edged up, with the Dec. gold settled at $1,211.30/oz, up $3, or nearly 0.3% as the dollar index dropped 0.5%. The dollar and gold, which is chiefly priced in the U.S. currency, tend to move inversely.
Fed policy makers will meet for a two-day meeting ending Sept. 26. The market is pricing in over a 90% chance...
U.S. stocks opened flat to slightly higher Wednesday, a day after a rally that left major indexes near all-time highs as investors looked past rising U.S.-China trade tensions to remain focused on strong economic fundamentals.
The S&P 500 rose 0.2% to 2,910.61, while the Dow Jones Industrial Average gained around 104 points to trade near 26,350, a gain of 0.4%. The Nasdaq Composite was up 0.2% at 7,970.27.
Source : Market Watch
Oil prices finished sharply higher Wednesday after a U.S. government report revealed a weekly fall in crude supplies, the fifth weekly decline in a row.
Expectations for further declines in exports from Iran, ahead of the implementation of U.S. oil sanctions on the country in November, also contributed to the price climb.
October West Texas Intermediate oil rose $1.27, or 1.8%, to settle at $71.12 a barrel on the New York Mercantile Exchange. That was the highest for a front-month contract...
The S&P 500 and the Dow Jones Industrial Average rose on Wednesday, with the Dow hitting its highest closing level since late January, as rising Treasury yields boosted financial stocks and trade worries subsided.
Based on the latest available data, the Dow Jones Industrial Average rose 159.41 points, or 0.61 percent, to 26,406.37, the S&P 500 gained 3.62 points, or 0.12 percent, to 2,907.93 and the Nasdaq Composite dropped 6.07 points, or 0.08 percent, to 7,950.04.
Source : Reuters