Gold prices rose more than 2% on Monday (October 20th), driven by expectations of further US interest rate cuts and continued demand for safe-haven assets, as investors awaited US-China trade talks and US inflation data this week. Spot gold prices rose 2.1% to $4,336.94 an ounce, as of 11:04 a.m. ET (1504 GMT). US gold futures for December delivery rose 3.3% to $4,354 an ounce. Gold hit a record high of $4,378.69 on Friday, but closed 1.8% lower—its sharpest decline since mid-May—after comments from US President Donald Trump eased some concerns about US-China trade tensions. Political and...
Gold prices rose more than 2% on Monday (October 20th), boosted by expectations of further US interest rate cuts and continued demand for safe-haven assets, as investors awaited US-China trade talks and US inflation data this week. Spot gold rose 2.3% to $4,346.39 an ounce, as of 1:47 PM ET (17:46 GMT). US gold futures for December delivery closed 3.5% higher at $4,359.40 an ounce. Gold hit a record high of $4,378.69 on Friday, but closed 1.8% lower—its sharpest decline since mid-May—after comments from US President Donald Trump eased some concerns about US-China trade tensions. Political...
Oil prices settled at their lowest level since early May on Monday as investors weighed the potential for a global oversupply, with U.S.-China trade tensions adding to concerns about an economic slowdown and weakening energy demand. Brent crude futures closed down 28 cents, or 0.46%, at $61.01 a barrel. U.S. West Texas Intermediate crude futures closed down 2 cents, or 0.03%, at $57.52. Both benchmarks fell more than $1 earlier in the session, and both closed at their weakest levels since early May. Oil traders' concerns have shifted from undersupply to oversupply, as indicated by the...