Oil prices climbed today after an industry report showed US crude and gasoline inventories fell, as the market watched for a possible escalation of conflict in the Middle East, which may impact global oil supplies.
Brent crude futures rose 56
The dollar extended losses today after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year (2024).
Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…
Gold prices edged lower today as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.
Spot gold eased 0.2% to $2,460.87