Investing.com - Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year.Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT).Prices of the precious metal were pressured lower as the dollar moved higher against a basket of...Read More
Investing.com - Gold prices edged lower in choppy trade on Friday as investors took profits after the metal’s rally to three-and-a-half month highs earlier in the week and as the dollar pushed higher despite a weaker-than-expected U.S. jobs report for December.Gold futures for February delivery settled down 0.11% at $1,320.20 on the Comex division of the New York Mercantile Exchange.For the...Read More
(Bloomberg) -- Equities worldwide extended their stellar start to 2018, with U.S. indexes rising to record highs for a third consecutive day, as the synchronized growth story continues to win over investors.Treasuries slumped and the dollar was flat after a report showed U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest le...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dlr/yen manages to rise as risk appetite hurts Japanese currency* A$ headed for 4th week of gains, commodity currencies strong* Euro zone HICP data, U.S. jobs report in focus (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dollar/yen manages to rise as risk appetite hits Japanese unit* A$ headed for 4th week of gains, commodity currencies strongBy Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near a three-year high against the sagging dollar on Friday, while improving investor risk appeti...Read More
(Bloomberg View) -- The Bloomberg Spot Commodities Index has risen for 14 straight days to its highest since 2014. But don't expect the euphoria to last: 2018 will be a year of just modest growth.Although each commodity has its own idiosyncratic characteristics and market, there are major macroeconomic factors influencing global prices.China: As the largest consumer and producer of most global com...Read More
Investing.com - Gold prices fell on Thursday after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year.Comex gold futures were trading at $1,312.50 a troy ounce by 03:36 AM ET (08:36 AM GMT) after sliding 0.27% the previous day when prices fell back from a three-and-a-half month high of $1,322.70.Prices of the prec...Read More
Investing.com - Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed.Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar.Recent weakness in the dollar has supported gold prices b...Read More
* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More
* Oil trades near strongest levels since mid-2015* Media, retail stocks rise after positive broker recommendations* Casino stocks hit by downbeat December gambling revenue* Indexes up: Dow 0.2 pct, S&P 0.62 pct, Nasdaq 1.2 pct (Updates to early afternoon)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of 2018 on Tuesday, driven by gains i...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.25 pct, S&P 0.63 pct, Nasdaq 1.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.45 pct, S&P 0.35 pct, Nasdaq 0.31 pct (Updates to open)By Sruthi ShankarJan 2 (Reuters) - Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Netflix gains after upgrade* Futures up: S&P 86 pts, Dow 8.25 pts, Nasdaq 25.25 pts (Adds comment, adds details, updates prices)By Sruthi ShankarJan 2 (Reuters) - Wall Street was poised for an upbeat session on the first trading day of 2018, fueled by strong commodity prices and a weak dolla...Read More
* Futures up: S&P 6 pts, Dow 33 pts, Nasdaq 7.5 ptsBy Sruthi ShankarJan 2 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Tuesday, the first trading day of 2018, signaling a continuation of the solid run from last year.Major stock indexes closed out 2017 with their best year since 2013, lifted by a combination of strong economic growth, solid corporate earnings, l...Read More
LUSAKA, Jan 2 (Reuters) - A London court has ordered Zambia Vedanta VED.L unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines...Read More
* Asia shares ex-Japan cheered by upbeat China survey* Dollar downtrodden after suffering worst year since 2003* Commodities benefit from dollar weakness, China demand* Oil prices hover near highest since mid-2015* European shares squeeze down by currency strengthBy Marc JonesLONDON, Jan 2 (Reuters) - The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat C...Read More
* STOXX 600 down 0.3 pct* Autos stocks dented by weaker French car registrations* Mining sector reverses after impressive run* IAG deal to buy Niki assets weighs on Lufthansa (Updates prices, adds detail, quotes)By Helen ReidLONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and an impressive run-up in metals and mining stocks revers...Read More
Investing.com - Gold prices rose to fresh three month highs on Tuesday in the first trading day of 2018, propelled higher by a weaker dollar.Comex gold futures rose 0.21% to $1,312.20 a troy ounce by 03:45 AM ET (08:45 AM GMT), the strongest level since September 26.Recent weakness in the dollar has supported gold prices by making the dollar-denominated metal cheaper for holders of other currencie...Read More
LONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as an impressive run-up in metals and mining stocks reversed, while strength in oil companies and banks was not enough to stop the slide.The pan-European STOXX 600 .STOXX index dipped 0.2 percent in early deals, while euro zone stocks .STOXXE fell 0.3 percent.Basic resources stocks weighed the most, with...Read More
Investing.com - A weaker dollar helped propel gold prices to a three-month high back above the $1,300 level on Friday in the final trading day of 2017.Gold futures for February delivery settled up 0.61% at $1,305.10 on the Comex division of the New York Mercantile Exchange, its highest close since September.For the year, the precious metal gained 14%, the largest yearly percentage gain since 2010....Read More