Oil Prices Ease on De-Escalation Hopes, Gold Slips as Dollar Strengthens
7 Articles
7 Articles
Oil prices ease on de-escalation hopes, gold slips as dollar strengthens
London, Oct. 27 (SANA) Global oil prices edged lower on Tuesday as hopes of de-escalation in the Middle East eased concerns over supply disruptions, while gold prices slipped as the U.S. dollar strengthened ahead of the Federal Reserve’s policy meeting.Brent crude futures fell 66 cents, or 0.57 percent, to $115.15 a barrel, while U.S. West Texas Intermediate crude futures dropped 44 cents, or 0.43 percent, to $101.32 a barrel, Reuters reported.D…
Today, oil prices have fluctuated between falling and rising as hopes for calming the Middle East grow, while gold has fallen as a result of the rise in the dollar and the expectation of the Federal Reserve's decision on interest rates.
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices edged lower in early Asian trading today, pressured by a stronger dollar, as investors awaited this week's Federal Reserve meeting for clues on the future path of interest rates, according to Reuters. Spot gold fell 0.1 percent to $4,013.70 an ounce by 00:45 GMT, while U.S. gold futures also declined… This news was publis…
Host: Huang Jianzhen; Guest Host: Senior Market Analyst Zheng Guangfu; Focus: On the eve of the US Federal Reserve's interest rate meeting, the US dollar continued to hover at high levels, with the US dollar index at 102.
Following last week's 4% plunge, the global gold market remained subdued and under pressure as markets bet on a scenario where the Fed will soon raise interest rates again. Gold prices remained below $4,000 per ounce ahead of the Fed meeting. Gold prices moved away from a 3-month low before the Fed meeting. Gold prices were pressured by oil prices and interest rate expectations.
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