Gold prices traded higher, supported by a weaker U.S. dollar and ongoing economic and geopolitical uncertainty. Futures rose 0.9% to $3,315.90 a troy ounce and are up nearly 4% for the week. The dollar index fell 0.6% to 99.55, boosting bullion's appeal to holders of other currencies. Traders focused on the U.S. economic outlook and the Federal Reserve's next policy move, while in Washington, Republicans remained divided over President Trump's tax cut bill. Meanwhile, geopolitical tensions continued to fuel market uncertainty amid stalled talks to end the war in Ukraine, nuclear...
Oil prices fell on Wednesday after Oman's foreign minister said a new round of nuclear talks between Iran and the U.S. would take place later this week. Oil prices rose in early trading after a CNN report on Tuesday said U.S. intelligence showed Israel was preparing to strike Iran's nuclear facilities. CNN cited U.S. officials and added that it was not clear whether Israeli leaders had made a final decision. Brent crude futures fell 47 cents, or 0.7%, to settle at $64.91 a barrel. U.S. West Texas Intermediate crude fell 46 cents, or 0.7%, to settle at $61.57. Iran is the third-largest oil...
Gold prices rose for a third straight session on Wednesday, hitting a one-week high, helped by a weaker dollar and safe-haven demand amid economic and geopolitical uncertainty. Spot gold rose 0.7% to $3,312.77 an ounce, as of 1:55 p.m. ET (1755 GMT). U.S. gold futures settled 0.9% higher at $3,313.50. The U.S. dollar (.DXY), opens a new tab , fell 0.6% against a basket of other currencies, making gold cheaper for holders of foreign currencies. Wall Street's main indexes fell and Treasury yields rose, as investors eyed a key debate over President Donald Trump's tax cut bill that has stoked...