Gold prices traded near a six-week high on Monday, supported by a weaker dollar and firm expectations that the Federal Reserve could cut interest rates at its meeting later this month. Spot gold was last up 0.2% at $4,240.55 an ounce by 02:32 ET (06:32 GMT), after reaching a six-week high of $4,256.2 earlier in the day. U.S. Gold Futures for February rose 0.5% to $4,274.55. Gold prices had jumped more than 4% last week. Gold supported by weaker dollar, Fed cut bets The US Dollar Index traded at a two-week low on Monday, making bullion more attractive for non-U.S. buyers, while risk-off...
The euro rebounded above $1.16, reaching its strongest level since mid-November, as investors adopted a cautious stance ahead of key Eurozone and US economic data that could influence interest rate expectations. Recent inflation reports showed Germany's EU-harmonized rate accelerating to 2.6%, its highest since February, while Spain's HICP remained well above the ECB's 2% target. In contrast, inflation in France and Italy stayed below target. The data, combined with ECB meeting minutes indicating policymakers see little urgency to cut rates, left market expectations largely unchanged, with...
Oil prices rose 2% on Monday as the Caspian Pipeline Consortium halted exports after a major drone attack and U.S.-Venezuela tensions raised concerns about supply, while OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026. Brent crude futures advanced $1.26, or 2.02%, to $63.64 a barrel by 0953 GMT. U.S. West Texas Intermediate crude gained $1.27, or 2.17%, to $59.82. The Caspian Pipeline Consortium, which carries 1% of global oil, on Saturday said it halted operations after a mooring at its Russian terminal on the Black Sea was damaged by a Ukrainian drone....