Analysis – China’s gold buying break seen as fleeting given its long-term needs
By Polina Devitt and Kevin Yao LONDON/BEIJING (Reuters) – China still has plenty of appetite for official gold purchases despite pausing in May and June, as its bullion holdings remain…
Oil prices steady as US inventory draw soothes demand fears
Investing.com– Oil prices steadied in Asian trade on Wednesday, as signs of tighter U.S. supplies helped soothe some fears over worsening demand in the rest of the globe. Crude markets…
Gold prices hit record high above $2,470 as rate cut bets grow
Investing.com– Gold prices rose to record highs in Asian trade on Wednesday, extending a strong run of recent gains amid growing optimism that the Federal Reserve will cut interest rates…
Oil prices steady as slowing demand offsets tightening supply
By Shariq Khan NEW YORK (Reuters) – Oil prices were steady in early Asian trade on Wednesday, with global benchmark Brent hovering near the one-month low it hit in the…
New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets
Investing.com– New Zealand consumer price index inflation eased more than expected in the second quarter, furthering bets that the economy was cooling at a pace that could invite interest rate…
US oil futures slip after mixed API inventory report
Investing.com — U.S crude oil futures slipped in post-settlement trading Tuesday as the American Petroleum Institute reported mixed inventory data as domestic weekly crude stocks fell, but gasoline stocks unexpected increased,…
Dollar limping, but set to fightback as Fed rate cuts now priced in: Macquarie
Investing.com – The dollar has found its footing after bruising few weeks, but just as the bears sharpen their claws to take another swipe, some point to favorable fundamentals including…
Oil prices decline over 1% on Chinese demand jitters
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though…
Dollar rises on retail sales boost
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar rose on Tuesday, on track for a second straight daily gain, after a reading of retail sales proved to be firmer than…
Oil prices slip on China demand woes; fresh US inventory data eyed
Investing.com– Oil prices fell Tuesday, weighed chiefly by signs of increasing economic weakness in top importer China, which could limit demand in the coming months. At 08:50 ET (12:50 GMT),…
