Gold holds firm at $1,270 level on geopolitical jitters

Investors seek safe haven in a dangerous world North Korea’s aggressive military moves lately have sparked fears of nuclear war, lending support to gold prices as investors seek safe havens. © Reuters TOKYO/HONG KONG — Gold prices are hovering around $1,270 per ounce, up roughly 12% since the end of December, as investors remain cautious Read more about Gold holds firm at $1,270 level on geopolitical jitters[…]

Stocks Drop Amid Earnings, Geopolitics; Oil Gains: Markets Wrap

Asian equities retreated, trimming a fourth straight monthly gain for the regional benchmark index, as geopolitical concerns lingered and investors assessed corporate earnings before a report on growth in the world’s largest economy. The MSCI Asia Pacific Index edged lower after climbing for six straight sessions. Results at Amazon.com Inc. and Alphabet Inc. buoyed Nasdaq Read more about Stocks Drop Amid Earnings, Geopolitics; Oil Gains: Markets Wrap[…]

Asian stocks tick up, euro subdued as ECB maintains easing bias

Asian stocks inched higher on Friday and looked set to close a strong week on a positive note, while the euro slipped after the European Central Bank showed no signs of paring its stimulus program. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent, putting it on pace to end the Read more about Asian stocks tick up, euro subdued as ECB maintains easing bias[…]

Oil prices rise on potential OPEC cut extension, but face second weekly loss

Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. U.S. West Texas Intermediate (WTI) crude futures were trading at $49.34 per barrel at 0217 GMT, up 37 cents, or 0.76 percent, from their Read more about Oil prices rise on potential OPEC cut extension, but face second weekly loss[…]

Goldman Sachs Sees Bullion Heading to $1,200 Within Months

  For all the unpredictability of President Donald Trump’s policies in his first 100 days, gold has failed to reclaim the heights before his win in November, and some investors doubt this will happen any time soon. After closing at $1,305.06 an ounce on the Friday before Trump’s election, prices cratered more than 13 percent Read more about Goldman Sachs Sees Bullion Heading to $1,200 Within Months[…]

In nod to oil industry, Trump to order review of offshore drilling bans

U.S. President Donald Trump on Friday will order a review of offshore areas currently off limits to oil and gas drilling to determine which might be reopened, in his administration’s latest move to expand domestic energy production. The order could lead to a reversal of bans on drilling across swathes of the Atlantic, Pacific and Read more about In nod to oil industry, Trump to order review of offshore drilling bans[…]

OPEC output cuts whet Asia’s appetite for North Sea oil

OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip. Rising Asian appetite for North Sea crude has largely been fueled by the falling premium charged for North Sea crude over rival Middle East Read more about OPEC output cuts whet Asia’s appetite for North Sea oil[…]

Asian stocks mostly lower; Trump comments on trade, defense riles Kospi

Asian markets traded mostly weaker on Friday as comments from President Donald Trump on an existing free trade pact with Seoul to payment for a sophisticated anti-missile system caught investors by surprise. Toshifumi Kitamura | AFP | Getty Images A businessman looks at an electronic share indicator at the window of a securities company in Read more about Asian stocks mostly lower; Trump comments on trade, defense riles Kospi[…]

Bitcoin breaches $1,300, now just $25 off all-time high

The price for Bitcoin broke through $1,300 on Thursday, within spitting distance of its all-time high, but investors are growing cautious. The cryptocurrency’s price has risen around 4.5 percent since the start of the week, according to CoinDesk data and spiked yesterday to $1,306 on hopes that U.S. regulators would approve a key trading product Read more about Bitcoin breaches $1,300, now just $25 off all-time high[…]