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Gold prices gain on hopes of smaller U.S. rate hikes

KEY POINTS Gold prices advanced to an eight-month high on Monday, as a weaker dollar made greenback-priced bullion cheaper for overseas buyers while hopes of less-aggressive U.S. rate hikes also lifted sentiment. Spot gold was up 0.7% at $1,878.55 per ounce, as of 0256 GMT, its highest level since May 9, 2022. U.S. gold futures also rose 0.7% to $1,883.20. Gold prices …

Gold prices gain on hopes of smaller U.S. rate hikes قراءة المزيد »

Oil nudges higher after China opens borders, lifts fuel demand outlook

KEY POINTS Oil prices edged up on Monday, a day after travelers streamed into China following a reopening of borders that lifted the fuel demand outlook. Brent crude futures had risen 53 cents, or 0.7%, to $79.10 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $74.23 a barrel, up 46 cents, or 0.6%. …

Oil nudges higher after China opens borders, lifts fuel demand outlook قراءة المزيد »

إسرائيل تقول إنها ستعلق بعض أعمال الإنشاءات الفلسطينية

قالت إسرائيل ، إنها ستعلق بعض أعمال الإنشاءات الفلسطينية، وستستخدم الأموال الفلسطينية في تعويض إسرائيليين؛ وذلك ردا على مناشدة قدمها الفلسطينيون في محكمة العدل الدولية. وقال مكتب رئيس الوزراء الإسرائيلي بنيامين نتنياهو، إن الإجراءات تأتي “ردا على قرار السلطة الفلسطينية شن حرب سياسية وقانونية على دولة إسرائيل”. كانت الجمعية العامة للأمم المتحدة قد طلبت من …

إسرائيل تقول إنها ستعلق بعض أعمال الإنشاءات الفلسطينية قراءة المزيد »

Oil prices rise on hopes for China demand boost

Oil prices climbed on Wednesday as markets were optimistic about fuel demand recovery as China continues to ease its Covid restrictions Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. U.S. crude advanced 22 cents, or 0.3%, to $79.75 per barrel. Amid the optimistic market mood both benchmarks …

Oil prices rise on hopes for China demand boost قراءة المزيد »

Dollar edges to one-week high vs yen amid spike in Treasury yields

The dollar edged higher against its major peers on Wednesday, reaching a more than one-week top versus the yen, buoyed by higher Treasury yields as traders puzzled over the outlook for policy at the world’s biggest central banks The U.S. currency ticked 0.13% higher to 133.685 yen in Asian trading, and earlier touched 133.95 for the …

Dollar edges to one-week high vs yen amid spike in Treasury yields قراءة المزيد »

Yen rises in cautious calm after BOJ policy tweak

The yen firmed towards its recent four-month peak against the dollar on Thursday, after the Bank of Japan’s surprise tweak to its bond yield control earlier this week provided a catalyst for trade in an otherwise dull week ahead of year-end holidays The yen was about 0.3% higher at 132.05 per dollar, after surging to a four-month …

Yen rises in cautious calm after BOJ policy tweak قراءة المزيد »

Gold rangebound as traders await economic data

Gold edged up on Thursday, helped by a softer dollar in holiday-thinned trading, but prices moved in a tight range as market participants awaited economic data for further direction. Spot gold rose 0.2% to $1,818.40 per ounce as of 0225 GMT. U.S. gold futures were up 0.1% at $1,827.70 The dollar index was down 0.2%, making gold cheaper for holders of other currencies The U.S. …

Gold rangebound as traders await economic data قراءة المزيد »

Oil prices steady as drawdown in U.S. crude stocks counters China Covid concerns

Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising Covid-19 cases in top oil importer China Brent crude futures rose 7 cents, or 0.1%, to $80.06 per barrel by 0404 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 4 cents, or 0.1%, to $76.27 U.S. crude …

Oil prices steady as drawdown in U.S. crude stocks counters China Covid concerns قراءة المزيد »

Gold eases off one-week high as dollar regains some ground

Gold prices inched lower on Wednesday from a one-week high hit in the previous session, as the dollar regained some ground, making greenback-priced bullion more expensive for overseas buyers. Spot gold fell 0.2% at $1,814.74 per ounce as of 0330 GMT, after rising more than 1% on Tuesday following a dip in dollar. U.S. gold futures were flat at $1,826.00 “Gold …

Gold eases off one-week high as dollar regains some ground قراءة المزيد »

Oil bounces as China demand hopes offset recession fears

“There is no doubt that demand is being adversely influenced,” said Naeem Aslam, analyst at brokerage Avatrade “However, not everything is so negative as China has vowed to fight all pessimism about its economy, and it will do what it takes to boost economic growth Brent crude last gained 54 cents, or 0.54%, to $79.58 a …

Oil bounces as China demand hopes offset recession fears قراءة المزيد »

Dollar slips as markets bounce, Japan policy shift talk lifts yen

The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher, while the yen gained on reports that Japan will consider revising a decade-old blueprint for fighting deflation The U.S. dollar index — which tracks the greenback against a basket of six major currencies — fell 0.4% to 104.410, …

Dollar slips as markets bounce, Japan policy shift talk lifts yen قراءة المزيد »

Oil prices slip on surprise build in U.S. crude stocks

KEY POINTS Oil prices fell in early trade on Wednesday after industry data showed a big build in U.S. crude inventories, rather than the decline forecast by analysts, reinforcing fears about weakening demand even as supply tightens. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $75.09 at 0128 GMT, paring …

Oil prices slip on surprise build in U.S. crude stocks قراءة المزيد »

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