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Oil prices settle lower, but losses stifled by rate-cut optimism
March 08, 2024 06:58 AM AEDT| By InvestingInvesting.com-- Oil prices settled lower Thursday, though losses were kept in check by optimism that major central banks are set to cut rates in the coming months, boosting global economic growth and
Oil prices fell on mixed US rate cues weigh; China data supports
March 08, 2024 01:16 AM AEDT| By InvestingInvesting.com-- Oil prices fell Thursday, cutting short a recent rally as traders awaited more clues from Federal Reserve Chair Jerome Powell about future monetary policy.
Gold surges to record highs above $2,160 as Powell touts rate cuts
March 07, 2024 03:50 PM AEDT| By InvestingInvesting.com-- Gold prices rose to a record high in Asian trade on Thursday, buoyed chiefly by comments from Federal Reserve Chair Jerome Powell that the central bank will cut interest rates in 2024.
Oil prices settle higher on US rate cut hopes, smaller US crude supply increase
March 07, 2024 07:40 AM AEDT| By InvestingInvesting.com-- Oil prices settled higher Wednesday, as a smaller-than-expected increase in crude supplies pointed to improving demand just as Fed chief Jerome Powell reinforced expectations for rate
Oil prices soar on expectation of US rate cuts, tighter supplies
March 07, 2024 02:22 AM AEDT| By InvestingInvesting.com-- Oil prices rose Wednesday as steady production cuts by OPEC+ heralded tighter supplies while comments from Fed chief Jerome Powell signalled rate cuts ahead to stimulate the world's la
Gold prices fall from record highs, but risk aversion limits losses
March 06, 2024 04:26 PM AEDT| By InvestingInvesting.com-- Gold prices fell from record highs in Asian trade on Wednesday as traders remained on edge before a closely-watched testimony from Federal Reserve Chair Jerome Powell, although a rout
Oil prices dip amid China concerns, tighter supply outlook
March 06, 2024 01:00 PM AEDT| By InvestingInvesting.com-- Oil prices fell slightly in Asian trade on Wednesday amid persistent concerns over slowing demand this year, although steady production cuts by the OPEC+ and little de-escalation in th
Oil inventories rise by 423,000 barrels last week: API
March 06, 2024 09:08 AM AEDT| By InvestingInvesting.com -- U.S. crude stockpiles increased less than expected, the API reported Tuesday, pointing to a pick-up in demand following weeks of much stronger-than-expected increases..
Oil prices settle lower as demand concerns linger despite China's growth plans
March 06, 2024 07:28 AM AEDT| By InvestingInvesting.com -- Oil prices settled lower, as China-led worries about weaker crude demand continued to linger despite the world's largest crude importer unveiling ambitious growth plan.
Gold Hits Record Highs: Is It Too Late To Invest?
March 06, 2024 01:22 AM AEDT| By InvestingInvesting.com -- The recent surge in the price of gold has captured the attention of investors. As gold closed at record-breaking highs, many are wondering whether it's still a prudent time to invest
Gold prices sit close to record highs; more rate cues awaited
March 05, 2024 05:06 PM AEDT| By InvestingInvesting.com-- Gold prices moved little in Asian trade on Tuesday, remaining within sight of record highs as uncertainty over the global economy and some bets on early interest rate cuts drove a shar
Oil prices muted as China growth forecast underwhelms
March 05, 2024 01:30 PM AEDT| By InvestingInvesting.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forec
Gold prices swell to settle above $2,100 for first time ever amid rate-cut bets
March 05, 2024 07:42 AM AEDT| By InvestingInvesting.com-- Gold prices swelled to settle at an all-time high on Monday, underpinned by ongoing geopolitical tensions and bets on a Fed rate cuts ahead of testimony from Federal Reserve chairman J
Gold prices steady near 2-mth high before Fed, data-heavy week
March 04, 2024 04:46 PM AEDT| By InvestingInvesting.com-- Gold prices fell slightly in Asian trade on Monday but remained within sight of two-month highs after growing conviction over U.S. interest rate cuts this year spurred sharp gains in t
Oil prices muted amid Gaza ceasefire talk; OPEC+ maintains supply cuts
March 04, 2024 12:46 PM AEDT| By InvestingInvesting.com-- Oil prices rose slightly in Asian trade on Monday as the OPEC+ maintained its current pace of production cuts until the second quarter, although calls from top U.S. officials for an im
Oil prices set for weekly gains on US rate hopes, OPEC supply signals
March 02, 2024 01:20 AM AEDT| By InvestingInvesting.com-- Oil prices rose strongly Friday, and were set for weekly gains, supported by broader market optimism of early Federal Reserve rate cuts ahead of an expected OPEC+ decision on supply ag
Gold prices close to breaking above $2,050 on US rate hopes
March 01, 2024 04:44 PM AEDT| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Friday and were close to breaking above key levels as overnight data spurred hopes that easing inflation will spur interest rate cuts from the Fe
Oil prices edge higher on US rate hopes, supply signals weigh
March 01, 2024 01:14 PM AEDT| By InvestingInvesting.com-- Oil prices rose slightly in Asian trade on Friday, supported by broader market optimism that easing inflation will see the Federal Reserve cut interest rates by mid-2024.
Oil prices settle lower, but notch second-monthly gain on tighter supply hopes
March 01, 2024 06:38 AM AEDT| By InvestingInvesting.com-- Oil prices settled lower Thursday, but notched a second-monthly gain as hopes for tighter supply and fresh hopes for a summer U.S. interest rate cut following data showing inflation co
Oil prices edge higher after U.S. inflation data; supply cues in focus
March 01, 2024 12:58 AM AEDT| By InvestingInvesting.com-- Oil prices edged higher Thursday as traders digested key U.S. inflation data as well as differing cues on supply from the U.S. and the Organization of Petroleum Exporting Countries.
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