Brent crude bounced off a four-year low on Wednesday to above $85 a barrel, a level that was still down 25 per cent since June, as a drop in the value of the dollar attracted some cautious buying in the oil market.
On Tuesday, the
Gold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses.
Deepening worries over the health of the globa
Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary.
Gold tumbled to its lowest level in around 15 months on Monday after better-than-expected US jobs data boosted the dollar, dampening safe-haven appetite for bullion and pushing silver and platinum to multi-year lows.
Gold, which o
Gold fell on Tuesday, as the dollar and European stocks climbed, with the metal set to post its sharpest monthly loss since June 2013 and the first quarterly loss this year on expectations of further gains in the US currency.
Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger US dollar.
The London benchmark has fallen from $115 in June as
Gold prices fell to a nine-month low on Thursday as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened.
Platinum fell to its lowest since June last year, sliding below $1,300 an ounce,
National Bank of Oman (NBO), the sultanate's second-largest lender by assets, has picked four banks for a potential US dollar-denominated benchmark bond issue, a document from arranging banks said on Monday.
The bank has manda
The asset with the greatest prowess of late has been the US dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
The greenback's recent gains have lifted the dollar index - a me
Brent crude dropped towards $98 per barrel, while gold tumbled to its lowest in 8-1/2 months on Thursday as the dollar index jumped to a four-year peak on fears about a looming US interest rate increase.
Poor demand and abundant s