Here's what you need to know on Friday, March 14: The US Dollar (USD) held steady in European morning trading on Friday (3/14), with the USD Index holding in positive territory near 104.00 after posting modest gains for two straight days. The US economic docket will feature the University of Michigan's preliminary Consumer Sentiment Index data for March ahead of the weekend. Senate Democratic Leader Chuck Schumer announced late Thursday that he plans to vote to keep the government open as the chamber prepares to debate a stopgap GOP bill to continue funding the government on Friday. US...
Gold prices have topped $3,000 an ounce for the first time, driven higher by massive central bank spending, fragile economies around the world and President Donald Trump's efforts to rewrite the rules of global trade by imposing tariffs on strategic allies and rivals. Bullion prices rose as much as 0.4% to $3,001.20 an ounce on Friday. The move through the psychological $3,000 level underscores gold's centuries-long role as a store of value in turbulent times and as a gauge of fear in markets. In the past quarter-century, prices have risen 10-fold, even outperforming the S&P 500, the...
Oil prices rebounded on Friday after falling more than 1% in the previous session, partly as the prospect of an end to the Ukraine war that could bring more Russian energy supplies back to Western markets faded. Brent crude futures were up 54 cents, or 0.77%, at $70.42 a barrel by 1055 GMT, after closing 1.5% lower in the previous session. U.S. West Texas Intermediate crude futures were at $67.13 a barrel, up 58 cents, or 0.87%, after closing down 1.7% on Thursday. Prices are expected to end the week more or less flat from Friday, when Brent closed at $70.36 and WTI at $67.04. "Brent has...