Oil prices extend slide as U.S. producers restore output post-hurricane
Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.
Brent crude (LCOc1) for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and U.S. West Texas Intermediate (CLc1) for November was at $40.30 a barrel, down 30 cents, or 0.7%.
Dollar Edges Higher as Stimulus Talks Stumble; Losses Loom
The dollar edged higher in early European trade Monday, with negotiations over the latest stimulus measures in the U.S. seemingly in difficulties as the election approaches.
At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 1% at 93.108, regaining a little ground after recording its biggest loss in six weeks on Friday, falling to a near-three-week low of 92.997.
Read more
Gold gains as concerns over U.S. stimulus talks ease
Gold rebounded on Wednesday as worries about a halt in U.S. coronavirus stimulus talks faded, bolstering bullion's appeal as a hedge against inflation and
prompting investors to cover short positions after a near 2% decline in the last session.
Spot gold rose 0.5% to $1,886.16 per ounce at 1142 GMT. U.S. gold futures fell 1% to $1,889.60.
Read more
Oil prices slide as Trump cancels aid talks, U.S. crude stocks expand


Oil prices slipped on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected build-up in U.S. crude stocks.

U.S. West Texas Intermediate (WTI) crude (CLc1) oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude (LCOc1) futures fell by 74 cents, or 1.7%, to $41.91 a barrel.
Read more
Dollar Loses Gains as Trump's Twitter Barrage Creates Volatility


The dollar handed back early gains in European trade Wednesday, as President Donald Trump’s twitter barrage created volatility.

At 3:15 AM ET (0715 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 93.737, while USD/JPY rose 0.1% to 105.78.
Read more
Gold edges up as weaker dollar offsets news on Trump’s progress
Gold inched up on Monday as the dollar weakened, although gains were limited as news that U.S.
President Donald Trump, receiving treatment for COVID-19, could be released from hospital boosted risk sentiment.
Spot gold was up 0.1% at $1,900.46 per ounce. U.S. gold futures were down 0.2% at $1,904.50.
Read more
Oil prices rebound 2% as Trump doctors raise prospect of hospital discharge
Oil prices rose more than 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive coronavirus test sparked widespread alarm.
Trump's health update eased political uncertainty in global markets, pushing Brent (LCOc1) up to $40.11 a barrel by 0503 GMT, gaining 84 cents or 2.1%. U.S. West Texas Intermediate (WTI) crude (CLc1) was at $37.96 a barrel, up 91 cents, or 2.5%.
Read more
Dollar Weakens as Risk Sentiment Rises With Trump's Recovery


The dollar traded lower in early European trade Monday, as positive news about U.S. President Donald Trump’s health resulted in traders seeking out more risk to the detriment of the safe haven currencies.

At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 93.860, while USD/JPY rose 0.2% to 105.58, rebounding after posting a one-week low of 104.95 on Friday.
Read more
Gold Back at $1,900, Extending Q3 Run, on U.S. Stimulus Hopes
Gold settled above $1,900 an ounce Thursday, returning to the comfort zone of bulls in the yellow metal, as hopes rose again that Congress might approve a Covid-19 stimulus after all before the November U.S. election.
“Gold is about to revert back to its traditional safe-haven role and could continue to rally despite disappointment in progress over a fiscal-stimulus deal,” said Ed Moya, analyst at New York’s OANDA.
Read more
Oil down more than 3% after Trump's positive coronavirus test
Oil prices lost more than 3% on Friday after U.S. President Donald Trump tested positive for COVID-19 and negotiators failed to agree a U.S. stimulus package just as rising global oil output threatens to overwhelm a weak price recovery.
Brent crude slipped on the Trump news and was down $1.50, or 3.7%, at $39.43 a barrel by 1225 GMT. U.S. oil was down $1.41, or 3.6%, at $37.31.
Read more