LONDON: The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world's biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar. "Both macro and micro factors...
SINGAPORE: Palm oil may bounce into a range of 2,403-2,420 ringgit per tonne, as suggested by a projection analysis and the hourly RSI. The contract is riding on a wave c, which has been disrupted by two bounces around 2,367 ringgit and 2,347 ringgit, respectively the 107 percent and the...
TOKYO: The dollar slipped from a four-week high against a basket of currencies on Wednesday after a Democrat won a bitter fight for a U.S. Senate seat in deeply conservative Alabama, reducing Republicans' already narrow Senate majority further. The reduced Senate majority could make it harder for President Donald Trump...
BENGALURU: Gold rose more than 1 percent on Monday to its highest in about 2-1/2 months as investors sought refuge after a slide in European equities compounded jitters on global stock markets. Spot gold was up 1.1 percent at $1,231.45 an ounce by 0958 GMT, having touched their highest since...
NEW YORK: The dollar steadied against a basket of currencies on Tuesday as data showed US consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. US consumer prices rose marginally in May amid a slowdown in the pace...
BENGALURU: Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, holding above the 1,220 level as the dollar was pressured by weak US economic data and a clouded interest rate outlook. Spot gold was little changed at $1,224.45 per ounce at 0735 GMT. US gold...
LONDON: The euro fell towards a two-month low on Tuesday before a meeting by the European Commission on Italy's budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. A dispute over Italy's spending plans and doubts about the leadership of Britain's prime minister, mired...
Gold eases from 4-month peak as dollar fights back LONDON: Gold fell on Tuesday from the previous day's four-month high, reflecting losses across precious metals and commodities more widely, as the dollar clawed back some lost ground after hitting a three-year low against a currency basket. Gold's move lower snapped four...
BENGALURU: Gold prices were steady on Tuesday within a tight range as investors adopted a wait-and-watch approach ahead of a two-day monetary policy meeting of the US Federal Reserve. Spot gold was up about 0.1 percent at $1,222.15 an ounce at 0705 GMT while US gold futures were 0.1 percent...
  NEW YORK/LONDON: Gold prices clung to earlier gains and were poised for their first weekly gain in four weeks on Friday, withstanding pressure from strong equities markets on continued support from this week's interest rate rise by the Federal Reserve. Spot gold was up 0.19 percent at $1,255.12 per ounce...
  TOKYO/SINGAPORE: The dollar was supported on Wednesday by expectations of a US tax overhaul while a sharp rise in German bond yields helped to underpin the euro. The House of Representatives approved the biggest US tax overhaul in 30 years on Tuesday, though Congressional Republicans will likely need to hold...