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Gold Wins Over New Buyers From Pension Funds to Private Wealth Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists. Managers who run long-term portfolios worth trillions of dollars are taking interest in gold as they search for returns in a yield-starved investing landscape. …
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Nervous investors send gold higher Gold rose again overnight, even as some long-awaited profit-taking in silver finally appeared. Gold rose to USD1898.00 an ounce in intra-day trading, before fading. It still managed to record an impressive 0.85% gain, closing at USD1887.50 an ounce. With the US/China noise reaching deafening levels, gold has rediscovered its safe-haven …
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Oil prices turn negative on U.S.-China tensions, corona cases Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. Brent crude (LCOc1) fell 25 cents to $43.06 a barrel by 0713 GMT, and U.S. West Texas Intermediate (WTI) …
Gold Up Over Prospective U.S. and EU Stimulus Measures Gold was up on Tuesday morning in Asia, boosted by the prospect of more stimulus packages from both the U.S. and Europe. Debate over a further round of economic stimulus measures is currently underway in the U.S. Congress, with some earlier measures expiring at the end …
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Oil falls on worries over fuel demand setback as infections rise Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude (LCOc1) was down 36 cents, or 0.8%, at $42.78 a barrel by 0653 GMT, …
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Gold Down Amid Strong Dollar, But Capped By Growing COVID-19 Fears Gold retreated on Tuesday morning in Asia, with a strong dollar on Tuesday pulling traction away from the yellow metal. Gold futures were down by 0.85% to $1,798.65, by 1:12 AM ET (6:12 AM GMT), continuing to stay above the $1,800 mark. However, losses were …
Oil |on surge in COVID-19 infections Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. Brent crude fell 65 cents, or 1.5%, to $42.59 a barrel by 0848 GMT, though …
Oil slips as traders expect OPEC+ to ease supply cuts Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude (LCOc1) fell 32 cents, or 0.7%, to $42.92 a barrel by …