Gold Hits 5-Month High Amid Geopolitical Tensions

Gold continued its rally as the dollar slipped with investors seeking safe-haven amid rising geopolitical tensions over North Korea. Spot gold climbed as much as 0.8 percent to $1,295.56 an ounce on Monday, the highest level since November 9. Last week, the metal rose 2.5 percent in its biggest weekly gain since June. Drivers of…

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Oil Touches One-Month Peak As US Strikes Syria

Crude oil prices jumped Friday morning after the US military’s missile attack on a Syrian government base. The US fired a barrage of cruise missiles at Syria in a response to a chemical weapons attack for which security sources blame Syrian leader Bashar al-Assad. Brent crude futures were up 28 cents at $55.17 a barrel…

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Gold Touches One-Month High After Health-Care Bill Failure

Gold prices hit a four-week high in early U.S. trading Monday, after U.S. President Donald Trump’s failure to push through a healthcare reform package on Friday. Gold had already risen sharply from its March 15 low after a policy statement from the Federal Reserve, which decreased expectations for near-term increases in U.S. interest rates. Spot…

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Strong US Dollar Dents Gold Prices

Gold prices fell on Friday, as the US dollar recovered from a week-long losing streak due to expectations of a Federal Reserve rate hike next week. Spot gold dropped 0.6 percent at $1,163.72 an ounce and was down 1 percent for the week. The U.S. dollar strengthened broadly after the European Central Bank said at…

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