Tag: edges lower
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Gold edges lower ahead of Fed decision on interest rates
July 29 : Gold prices inched lower on Wednesday as the dollar held firm and market participants awaited the Federal Reserve’s policy decision for clues on inflation and the path of U.S. interest rates.FUNDAMENTALS* Spot gold fell 0.1 per cent to $4,021.87 per ounce by 0052 GMT. U.S. gold futures for Au
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Dollar edges lower after four-day run of gains, yen stalled near 40-year low
NEW YORK, July 22 : The dollar eased slightly from a one-week high on Wednesday after four straight daily advances, while the yen saw a modest recovery from its weakest level in nearly four decades as traders weighed the likelihood of intervention from Tokyo and the odds of faster rate hikes by the Bank of…
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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel…
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