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 cents, …
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 per ounce. Prices hi…