Gold futures fell on Friday, but headed for weekly gain in the wake of turbulent patch of trading for global equities. “The precious metal remains supported by low-to-negative government bond yields, rising coronavirus cases in the United States and a tired U.S. dollar,” said Lukman Otunuga, senior research analyst at …
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Oil futures headed lower Sunday evening in electronic trade after a key meeting between oil giants Saudi Arabia and Russia was tentatively shifted to Thursday instead of Monday, amid rising tensions between the world’s biggest oil producers over the weekend. The Organization of the Petroleum Exporting Countries and its allies, …
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Gold futures headed lower Tuesday, as government bond yields and the US. dollar rose, putting pressure on the metal that has gained in the month and quarter against the backdrop of the COVID-19 pandemic. Losses for gold came on the back of the latest U.S. consumer confidence data, which showed …
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