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Browsing: Business
Oil prices rose more than $2 as Brent and WTI climbed, with Strait of Hormuz shipping and U.S. crude inventories staying in market focus.
Gold rebounded from a six-month low as U.S. inflation data, Fed rate expectations and oil prices shaped bullion trading.
U.S. stocks ended mixed as tech volatility pulled the Nasdaq and S&P 500 lower, while the Dow closed higher after uneven trade Tuesday.
Global oil prices fell as Brent crude dropped over 4%, with WTI lower and energy markets tracking Hormuz shipping and U.S. inventory data.
Gold prices held near a two-month low as Treasury yields, the dollar and US inflation data kept pressure on bullion markets Tuesday.
WEF says geoeconomic fragmentation costs the global economy up to $307 billion a year and adds pressure to inflation, trade and finance.
Treasury yields rose near 4.5 percent after private payroll gains, job openings and oil prices shaped inflation-sensitive trading.
Gold prices advanced as a softer U.S. dollar and lower crude oil supported bullion, with precious metals gaining across markets.
Oil prices eased in Asian trading as Brent and WTI retreated, while traders weighed a Middle East ceasefire and tighter U.S. crude stocks.
U.S. stocks closed lower in a broad sell-off as the Dow, S&P 500 and Nasdaq retreated from recent highs amid oil and inflation concerns.
