Browsing: Business

Gold rose on Monday after touching its lowest level in more than a week, as lower oil prices reduced some inflation concern across bullion markets. Spot gold gained 0.5% to $4,182.39 an ounce by 1:50 p.m. ET. The metal had

Brent crude futures rose to $81.66 a barrel as supply concerns returned to the oil market. The global benchmark gained $1.09, or 1.35%, after touching an intraday high of $82.30. The move kept crude oil prices above $80 as traders

Gold prices headed for a third straight weekly loss on Friday as a stronger U.S. dollar and firmer rate expectations weighed on bullion. Spot gold fell 2.1% to $4,121.95 an ounce by 0508 GMT. The metal touched its lowest level

Wall Street indices closed higher Thursday as semiconductor stocks powered a broad rebound in U.S. equities. The Nasdaq Composite rose 1.91% to 26,517.93. The S&P 500 advanced 1.08% to 7,500.58. The Dow Jones Industrial Average gained 0.14% to 51,564.70.

U.S. stocks closed mixed Tuesday as renewed pressure on technology and semiconductor shares pulled the S&P 500 and Nasdaq Composite lower. The Dow Jones Industrial Average rose 86.10 points, or 0.17%, to 50,872.11. The S&P 500 fell 19.08 points, or 0.26%, to 7,386.65. The

Global oil prices fell sharply as Brent crude futures dropped more than 4% during trading before settling lower, extending volatility in energy markets tied to Middle East supply routes. Brent closed down 3% at $91.45 a barrel after touching its lowest level since

The World Economic Forum said geoeconomic fragmentation now costs the global economy $213 billion to $307 billion each year. The estimate appears in its new report, Deepening Divides: The Cost of a More Fragmented Financial System. The report said current

Gold prices advanced Thursday as a softer U.S. dollar and lower crude oil prices supported bullion, with trading across precious metals reflecting shifts in currency and energy markets. Spot gold rose 0.8 percent to $4,468.84 per ounce, while U.S. gold

Oil prices declined in early Asian trading on Thursday as benchmark crude futures retreated from the previous session’s gains, with markets assessing confirmed Middle East developments and U.S. inventory data. Brent crude futures fell 87 cents, or 0.89 percent, to

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, has renewed his warning that U.S. equities are vulnerable after a prolonged advance that left major benchmarks trading near record levels. In a published interview, Schiff described the