Softer Dollar Pushes Oil Higher

Oil eased further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories. Prices gained some support due to signs from the Organization of the Petroleum Exporting Countries that further curbs to oil supply could come […]

Pound Retraces Slightly on Brexit Caution

Sterling came off five-month highs and stocks traded sideways on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday. Hopes of a breakthrough lifted markets on Tuesday, but investors turned more cautious after looking for a deal during the night that never came. Conflicting reports […]

Gold Regains Ground on Brexit Jitters

Gold held steady on Wednesday after dropping nearly 1% in the last session, as European stocks slipped on uncertainties surrounding Britain’s departure from the European Union, while palladium hit a new high on tight supplies. Spot gold was up 0.1% at $1,482.84 per ounce. U.S. gold futures were up 0.2% at $1,486.20. “The euro is […]

US Stocks Lower on Middle East Tension

Wall Street’s main indexes slipped on Tuesday, hit by trade jitters and rising tensions in the Middle East, while investors focused on speeches by Federal Reserve officials for clues on monetary policy. Fed Chair Jerome Powell is among a host of central bank policymakers scheduled to speak amid rising expectations of an interest rate cut […]