LONDON: The dollar consolidated gains on Wednesday as markets remained cautious about trade talks between the United States and Canada, as protracted weakness in China's currency weighed on sentiment. With market appetite for taking risk limited - an Asian equity index is down for the 10th consecutive day and emerging...
  NEW YORK: Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains. Brent crude futures settled down 8 cents or 0.1 percent to $63.23 a barrel....
NEW YORK: The US dollar index reversed course on Tuesday, erasing most of the gains it made earlier in the session as Wall Street came off its lows in choppy trading a day after the Dow and S&P 500 stock indexes posted their biggest declines since August 2011. The dollar...
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...
LONDON: Gold eased on Wednesday as a recovery in the dollar pulled prices further from the previous day's near six-week peak, though a drop in equities on the back of jitters over a US-China trade stand-off kept the metal underpinned. The dollar pulled back some lost ground after sliding to...
LONDON: The dollar edged towards a one-year high on Monday as trade war rhetoric between the United States and its trading partners helped the US currency. Chinese stocks slumped nearly 2 percent as Beijing proposing tariffs on $60 billion worth of US goods on Friday, while a senior Chinese diplomat...
SHANGHAI: China's yuan eased against the US dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporate. Prior to market opening on Wednesday, the People's Bank of China (PBOC) set its official yuan midpoint...
LONDON: Gold retreated on Monday, erasing the previous session's slim gains as fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets such as stocks at bullion's expense. Gold rose half a percent on Friday as simmering worries over...
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...
NEW YORK: The dollar fell against a basket of currencies on Monday, on persistent worries about a potential trade conflict between the United States and China and as the euro rose following comments from European Central Bank President Mario Draghi that were deemed supportive of the common currency. The dollar...
Gold prices held firm on Tuesday, buoyed by a weaker dollar, while investors waited for US inflation data for clues on the pace of interest rate hikes. Spot gold was mostly unchanged at $1,322.82 an ounce, as of 0234 GMT. On Monday, it rose 0.5 percent in its biggest one-day...