Oil prices slip after OPEC+ agree to ease output cuts Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. Brent crude futures for June fell 16 cents, or 0.2%, to $64.70 a barrel by 2351 GMT while …
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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) …
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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, …