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Category: Industry

Oil Prices Steady after 7% Weekly Drop

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.

Brent Crude futu…

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Gold, Silver Jump to New Highs

Gold hit a record high on Monday, extending its blazing rally amid uncertainties surrounding the US election, simmering Middle-East tensions, and interest rate cuts by major central banks, while silver scaled a near 12-year peak.

Spot gold was up 0….

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China Cuts Market-based Benchmark Lending Rates

China on Monday cut its market-based benchmark lending rates, with the one-year loan prime rate (LPR) down to 3.1 percent from the previous reading of 3.35 percent.

According to the National Interbank Funding Center, over-five-year LPR, on which man…

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Dollar Set to Extend Gains in Early Trade

The dollar extended gains on Monday amidst counting down to the US presidential election in two weeks, and rising bond yields.

The yen fell 0.2% to 149.26 against the dollar but remained near 150 against the greenback after briefly breaching that le…

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Dollar Set to Extend Gains in Early Trade

The dollar extended gains on Monday amidst counting down to the US presidential election in two weeks, and rising bond yields.

The yen fell 0.2% to 149.26 against the dollar but remained near 150 against the greenback after briefly breaching that le…

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