Copper edges higher ahead of expected U.S. rate hike

By Melanie Burton MELBOURNE, Dec 13 : – London copper edged higher on Wednesday as the dollar eased after hitting one-month highs earlier on expectations that the U.S. Federal Reserve will raise interest rates for a fifth time since 2015. The dollar slipped against a basket of currencies after a Democrat won a bitter fight […]

Oil prices recover on big US crude stock drawdown, pipeline shutdown supports

By Osamu Tsukimori TOKYO, Dec 13 : Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. Brent crude was up 64 cents, or 1 percent, at $63.98 a barrel by […]

Asian shares up, dollar dips as Democrat wins Alabama Senate race

By Lisa Twaronite TOKYO, Dec 13 :US stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares edged up as crude oil futures took back lost ground. Jones’ victory could mean trouble for President Donald Trump […]

Australian dollar at one-week top, NZ$ higher; Fed meeting looms

By Swati Pandey SYDNEY/WELLINGTON, Dec 13 : The Australian dollar on Wednesday rose further above a recent six-month trough, driven in part by talk of future flows related to multi-billion dollar M&A deals, while its New Zealand cousin made a new one-month top. The Australian dollar climbed as far as $0.7580 overnight, a level not […]

Gold rises from near 5-month low ahead of Fed meeting

By Zandi Shabalala LONDON, Dec 12 : – Gold prices inched higher on Tuesday but were still hovering near their lowest in almost five months ahead of a widely expected U.S. interest rate increase this week. Spot gold was up 0.1 percent at $1,242.86 an ounce by 1130 GMT, after hitting its lowest since July […]

Copper dips on profit taking, US rate rise expected

By Maytaal Angel LONDON, Dec 12 : – Copper lead most base metals lower on Tuesday, as investors booked profits ahead of the year-end and ahead of an expected U.S. interest rate increase this week. Also weighing on metals, equity markets fell in China, with investors worried that China’s central bank might follow the U.S. […]