Browsing: Business

Gold fell to a more than one-week low on Friday and was headed for a weekly loss as higher oil prices stoked inflation concerns, lifted U.S. Treasury yields and strengthened the dollar, weakening demand for bullion. Spot gold dropped 2%

Gold prices edged higher on Thursday as a softer U.S. dollar lifted demand for bullion, while crude oil held near recent highs and kept the broader inflation backdrop in focus. Spot gold rose 0.2% to $4,696.36 an ounce by 1112

Gold prices traded in a volatile range on Tuesday as investors braced for U.S. inflation data and monitored Middle East tensions, with bullion giving up early gains after touching a three-week high. Spot gold was down 0.6% at $4,705.99 an ounce, while

NEW YORK: U.S. oil prices jumped more than 3% at the open on Friday after fighting between the United States and Iran resumed around the Strait of Hormuz, reviving concern over flows through one of the world’s most important energy chokepoints. West Texas

WASHINGTON: Global debt climbed to a record near US$353 trillion at the end of March, as borrowing in the United States and China pushed the total up by more than US$4.4 trillion in the first quarter, according to the latest Global

NEW YORK: Gold prices held steady near a one-week high on Thursday, while silver edged lower in early trade as investors assessed easing pressure in the U.S. dollar, lower Treasury yields and a drop in oil prices. Spot gold was little changed at

WASHINGTON: The U.S. national average for regular gasoline rose to $4.457 a gallon on Monday, according to AAA, putting pump prices at their highest level since July 2022 just as the summer driving season approaches. The reading was up from $4.446 a

NEW YORK: Global gold demand rose 2% year on year in the first quarter to 1,230.9 tonnes, including over the counter activity, as stronger investment in bars and coins and continued central bank buying offset a sharp decline in jewellery consumption, the World Gold

NEW YORK: Oil prices held near recent highs on Wednesday while gold traded little changed, keeping both commodities in focus as energy markets continued to absorb supply disruption in the Gulf and bullion investors awaited the latest signal from the Federal Reserve.

NEW YORK: Oil prices climbed to a two-week high on Monday and extended those gains on Tuesday as stalled talks between the United States and Iran and sharply reduced traffic through the Strait of Hormuz kept concerns over global supply