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Day: June 26, 2024

Oil Ticks up on Inventory Drawdown Outlook

Oil prices inched up during Asian trade on Wednesday despite a surprise jump in US stockpiles, driven by geopolitical risks and forecasts of an eventual inventory drawdown during the third quarter peak demand season.

Brent crude oil futures rose 40 c…

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Gold Prices Muted with US Inflation Data in Focus

Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.

Spot gold was flat at $2,319.95 per ounce. US gold future…

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Steady Dollar Sends Yen to the Brink of 160

The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of US price data at the end of the week.

The euro eased marginally overnight and was steady at $1.0708 i…

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