Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at
German industrial production unexpectedly dropped in June as a result of weaker performances by the construction and machinery sectors and calendar effects caused by public holidays. Exports also dropped …
Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at
U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction and manufacturing jobs offset further declines in the mining sector, the Labor Department said on Friday. “If you thought
German industrial production unexpectedly dropped in June as a result of weaker performances by the construction and machinery sectors and calendar effects caused by public holidays. Exports also dropped …