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OIL
Oil set for weekly rise on trade deal hopes, new Iran sanctions
Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent crude futures settled $2.11, or 3.2%, higher to $67.96 a bar...
GOLD
Gold Edges Down From Record High as U.S. Trade Wars Continue to Provide Support
Gold eased off a record high mid-afternoon on Thursday but stayed above the US$3,300 mark as U.S. President Donald Trump's tariff threats continue to support safe-haven demand. Gold for June delivery was last seen down US$18.10 to US$3,328.30 per ounce after closing at a record US$3,346.40 on Wedne...
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European Equities Close Mixed in Thursday Trading; European Central Bank Cuts Rates
The European stock markets closed mixed in Thursday trading as The Stoxx Europe 600 was off 0.12%, Germany's DAX was down 0.53%, the FTSE 100 in London was flat, France's CAC 40 declined 0.60%, and the Swiss Market Index rose 0.54%. The European Central Bank said it cut its three key interest rates...
GOLD
Gold's record rally pauses as investors cash in gains
Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level. Spot gold slipped 0.5% to $3,326.51 an ounce as of 08:58 a.m. ...
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Gold Will Maintain Its Upward Momentum as Fed Cuts, Sovereign Buying, ETF Flows Support Prices – ING's Manthey
Gold prices will peak in the fourth quarter as investors focus on Fed cuts, while ETF inflows and central bank buying continue to provide support agai...
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