Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark.
Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a number of bullish developments for prices, however, including the increases in cases of coronavirus, which is supportive for the haven metal, he said. August gold fell 70 cents, or 0.04%, to settle at...
Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in global stock markets, on the heels of some positive news surrounding a coronavirus vaccine limited gold's price climb. August gold rose 40 cents, or 0.02%, to settle at $1,813.80 an ounce.
Source : Marketwatch
Gold held a two-day advance above $1,800 an ounce as investors tracked tensions between the U.S. and China, progress in developing a coronavirus vaccine, and the mixed outlook for the global economy. Silver futures neared $20 an ounce.
President Donald Trump ordered an end to Hong Kong™s special status with the U.S., the latest escalation in tensions between the world™s largest economies. Trump also said he had no plans to speak with Chinese President Xi...
Hong Kong shares finished more than one percent lower Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again.
The Hang Seng Index shed 1.14 percent, or 294.23 points, to 25,477.89.
The benchmark Shanghai Composite Index fell 0.83 percent, or 28.67 points, to 3,414.62 while the Shenzhen Composite Index on China's second exchange slipped 0.85 percent, or 19.83 points, to 2,309.57.
Source : AFP
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States.
Brent crude futures gained 18 cents, or 0.42%, to settle at $42.90 per barrel, after moving lower earlier in the session. West Texas Intermediate crude futures settled 19 cents, or 0.47%, higher at $40.29 per barrel.
The Organization of the Petroleum Exporting Countries and its allies led by...