The U.S. dollar edged higher Monday, rebounding after last week's losses although sentiment remains wary ahead of key inflation data and amid worries over the health of the U.S. regional banking sector. U.S. CPI data dueThe U.S. currency has stabilized on the back of a rebound on Wall Street despite the sudden return of market scrutiny on U.S. regional banks, after two lenders Zions and Western Alliance Bancorp reported problems with loans associated with fraud. "Concerns about the health of regional banks and the broader quality of credit in the U.S. remain very central for FX markets,"...
Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures were down 18 cents, or 0.3%, at $61.11 a barrel as of 0938 GMT, while U.S. West Texas Intermediate futures fell 17 cents, or 0.3%, to $57.37. Oil traders' concerns have shifted from under-supply to over-supply, the futures contract structure of the global benchmark Brent showed. The six-month spread for Brent shows contracts for earlier loading are trading below those for later loading, a structure...
Gold prices rose slightly on Monday (October 20th) after rallying to a record high, supported by expectations of further US interest rate cuts and increased demand for safe-haven assets amid the government shutdown in Washington. Investors are now awaiting market direction from the upcoming US-China trade talks. Spot gold prices rose 0.3% to $4,259.84 per ounce at 09:51 GMT, while US gold futures for December delivery jumped 1.5% to $4,275 per ounce. Spot silver also rose 0.5% to $52.12, recovering some ground after plunging 4.4% on Friday, despite earlier touching a record...