Gold rises as traders weigh oil decline before key Fed decision
Spot gold rose 0.8% to $4 326.57 an ounce at 12:25 p.m. in Singapore.
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Spot gold rose 0.8% to $4 326.57 an ounce at 12:25 p.m. in Singapore.
We haven't written up this one. Moneyweb has the full story — the link below goes straight to it.
Gold prices are inching upwards on Wednesday as high oil prices continue to fuel inflation concerns and as interest-rate hike bets are near-certain ahead of the Federal Reserve’s policy decision.
Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles.
Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea…
SHANGHAI: China’s yuan steadied against the dollar on Wednesday despite a much-strengthened official guidance rate set by the central bank, as investors stayed on the sidelines ahead of the Federal…
The Indian Rupee (INR) holds onto over-a-week long losses against the US Dollar (USD) in the opening session on Wednesday.
SEOUL: A roundup of South Korean financial markets: South Korean shares rose on Wednesday, lifted by chipmakers after a recent selloff, while investors remained cautious as elevated bond yields and…