Business news

Fed rate cuts only bullish for base metals if demand picks up
August 07, 2024 10:20 PM AEST| By InvestingInvesting.com -- The recent pause in the rally of base metals is attributed to a combination of factors, including sluggish growth in China and a weakening US economy, said analysts at BofA Securities

Oil prices rise on improved wider sentiment; demand fears persist
August 07, 2024 10:10 PM AEST| By InvestingInvesting.com -- Oil prices rose Wednesday, helped by the improved wider risk sentiment and raised Middle East tensions, but remained near seven-month lows given persistent concerns over slowing econo

Oil prices rebound over 1% as Middle East concerns persist
August 06, 2024 01:08 PM AEST| By InvestingInvesting.com-- Oil prices rose sharply in Asian trade on Tuesday, rebounding further from recent losses as fears of an all-out conflict in the Middle East largely offset concerns that slowing economi

Oil prices fall sharply on elevated demand fears; volatile trading
August 05, 2024 09:50 PM AEST| By InvestingInvesting.com -- Oil prices fell sharply Monday, extending recent losses in a volatile session as fears of a U.S. recession offset supply worries stemming from mounting tensions in the Middle East.

Gold prices retreat from record highs; recession fears provide support
August 05, 2024 08:12 PM AEST| By InvestingInvesting.com-- Gold prices retreated slightly Monday, but were still trading in sight of record highs as the yellow metal benefited from increased safe haven demand amid heightened concerns over slow

Oil prices rise from 8-mth lows as M. East tensions grow; demand fears persist
August 05, 2024 11:26 AM AEST| By InvestingInvesting.com-- Oil prices rose slightly in Asian trade on Monday as heightened tensions in the Middle East kept some concerns over supply disruptions in play, although gains were limited by fears of

Oil prices settle sharply lower on demand concerns after weak US jobs data
August 03, 2024 05:04 AM AEST| By InvestingInvesting.com-- Oil prices settled sharply lower Friday, succumbing to a fourth straight week of losses, as weak U.S. jobs data added to concerns that slowing economic growth will hit consumption as t

Oil prices rise but head for fourth week in red on demand concerns
August 02, 2024 12:08 PM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Friday but were headed for a fourth straight week of losses as concerns over slowing economic growth and demand largely offset a brief boost from wors

Oil prices settle lower as US growth jitters offset Middle East tensions
August 02, 2024 04:54 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Thursday, giving up geopolitical-infused gains amid concerns about a slowing U.S. economic growth denting crude demand.

AUD/USD forecast: signal ahead of NFP data, RBA decision
August 02, 2024 03:15 AM AEST| By InvezzThe Australian dollar to USD (AUD/USD) exchange rate continued its sell-off on Thursday as focus shifted to Friday’s US non-farm payroll (NFP) data and Tuesday’s Reserve Bank of Australia (RBA) interest rate decision. It crashed to a low of 0.6520, i...

Gold demand diverges, price outlook still Bullish: Citi
August 01, 2024 11:14 PM AEST| By InvestingInvesting.com -- Despite a mixed demand landscape, where official sector and OTC investments shine while China and jewelry markets lag, Citi Global Research remains confidently bullish on gold prices.

Oil prices higher on Israel-Hamas fears, OPEC+ meeting in focus
August 01, 2024 10:42 PM AEST| By InvestingInvesting.com-- Oil prices rose Thursday, extending the previous session's sharp rebound on raised Middle East following the killing of a Hamas leader in Iran, while a group of top producers meet to d

Gold prices keep record highs in sight as Fed talks rate cuts
August 01, 2024 03:40 PM AEST| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Thursday after surging close to record highs in the prior session after the Federal Reserve flagged the possibility of an interest rate cut in Se

Oil prices extend gains on Israel-Hamas fears, OPEC+ awaited
August 01, 2024 01:24 PM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Thursday, extending a sharp rebound from the prior session as the killing of Hamas’ leader in Iran kept fears of a bigger Middle East war largely in

Oil prices jump on elevated Middle East tensions, larger draw in US inventories
August 01, 2024 04:36 AM AEST| By InvestingInvesting.com-- Oil prices rose sharply Wednesday as rising Middle East increased the potential for major disruptions to global supplies and a larger decline in U.S. crude inventories continued to poi

Gold prices rise past $2,400 with Fed, Middle East tensions in focus
July 31, 2024 03:40 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Wednesday, encouraged by a softer dollar as traders awaited more cues on interest rate cuts from the Federal Reserve.

Oil prices surge over 1% on report of Hamas chief being killed in Iran
July 31, 2024 01:38 PM AEST| By InvestingInvesting.com-- Oil prices rose sharply in Asian trade on Wednesday after reports said that Hamas leader Ismail Haniyeh was killed in by an Israeli strike in Iran's capital, potentially heralding a sp

Oil prices rise as Israel retaliates against Hezbollah, US inventories shrink
July 31, 2024 11:30 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Wednesday, recovering a measure of recent losses as Israeli strikes against the Hezbollah group, in retaliation for a weekend attack, saw traders pric

Oil prices settle lower as China concerns weigh; US inventory data in focus
July 31, 2024 04:34 AM AEST| By InvestingInvesting.com -- Oil prices fell sharply Tuesday as concerns about demand growth in China, the world's largest crude importer, and fears about potentially supply surplus continued to weigh on sentimen

Oil prices fall as Middle East fears ease, OPEC meeting due
July 30, 2024 10:36 PM AEST| By InvestingInvesting.com -- Oil prices fell to a near two-month low Tuesday on concerns about demand growth in China, the world's largest crude importer, while the lack of immediate escalation in tensions betwee

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