Market News

Gold Rises to Four-Year High

Gold Rises to Four-Year High

Gold prices were up nearly 3% on Thursday to a four-year high after the Federal Reserve took a dovish stance on interest rates, signalling the possibility of future rate cuts and cutting the value of the U.S. dollar, while rising Mideast tensions sent investors to the safe-haven metal Gold for August delivery was last seen up US$36.60 to US$1,385.40 per […]

Oil Rises As Russia Looks to Support Continued Production Cuts

Oil Rises As Russia Looks to Support Continued Production Cuts

Oil prices edged higher early on Tuesday after Russia said it may agree to extend a pact with OPEC to keep 1.2 million barrels of oil per day off the market. West Texas Intermediate crude for July delivery was last seen up US$0.65 to US$53.91 per barrel while near month Brent crude rose US$0.38 to US$62.67. OPEC and Russia are […]