U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY WAR." According to Trump's post, the ceasefire will begin approximately six hours after his announcement, when both nations have "wound down and completed their in progress, final missions." The agreement stipulates a 12-hour initial ceasefire period initiated by Iran, followed by Israel joining the ceasefire at the 12th hour. Trump stated that upon the 24th hour, there will be an "Official END" to the...
U.S. oil futures finished lower Wednesday as pressure from uncertainty a day ahead of a decision by major oil producers on output levels outweighed support from weekly U.S. data showing a crude inventory drop of more than 5 million barrels. Investors also weighed news of deepening U.S. sanctions on Iranian oil exports. West Texas Intermediate crude for January delivery fell $1.40, or 2%, to settle at $68.54 a barrel on the New York Mercantile Exchange after gaining 2.7% on Tuesday. February Brent crude, the global benchmark, lost $1.31, or 1.8%, at $72.31 a barrel on ICE Futures...
Gold edged higher on Wednesday after data showed U.S. private payrolls rose at a moderate pace last month, while investors digested remarks from Federal Reserve Chair Jerome Powell and looked forward to Friday's non-farm payrolls report. Spot gold was up 0.4% at $2,654.03 an ounce by 02:15 p.m. ET (1915 GMT). U.S. gold futures settled 0.3% higher at $2,676.20. Private payrolls rose by 146,000 last month, the ADP report showed. Economists polled by Reuters had forecast private employment increasing by 150,000 positions. Powell said the recent performance of the economy will allow the U.S....
Gold prices rise in late afternoon trade in Europe after the latest U.S. job data showed private payrolls growth was less than expected in November, reflecting a slowing labor market. The yellow metal's futures trade 0.4% higher at $2,679.50 a troy ounce, while the U.S. dollar slightly retreated against a basket of other major currencies. The U.S. private sector added 146,000 jobs last month--down from a revised 184,000 a month prior and against expectations of 163,000--possibly strengthening the case for a December rate cut. The report comes ahead of Fed Chair Jerome Powell's remarks later...
The dollar index hovered around 106.6 on Wednesday, its highest level in a week, as market participants awaited further clues on the Fed's plans for its December meeting. Attention will now turn to a speech by Chairman Jerome Powell in New York later in the day, with odds of a 25bps Fed rate cut now hovering around 74%. Also, the ADP report showed the U.S. private sector added 146,000 jobs last month, a strong reading and slightly below market expectations of 150,000. The highly anticipated jobs report is due on Friday. The U.S. dollar gained the most against the yen and the Australian...
Gold prices were steady as market participants weighed political turmoil in South Korea and France, which has boosted demand for safe-haven assets. Bullion was little changed near $2,635 an ounce on Wednesday, after rising 0.2% in the previous session. South Korean President Yoon Suk Yeol made a surprise declaration of martial law late Tuesday, before revoking the decision hours later. Opposition parties have since filed a motion calling for his impeachment. Also in France, President Emmanuel Macron called on lawmakers to reject a vote that would overthrow the government. The precious...
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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