Oil prices edged lower on Friday, but were set for a second straight week of gains as optimism over a resilient US economy and falling interest rates pushed up hopes of improving demand.
Brent oil futures expiring in October fell 0.2% to $80.88 a bar…
Oil prices rose by more than a dollar Thursday, after US economic data eased fears of an imminent recession in the United States, the world’s largest economy, but continued concerns about slowing global demand limited gains.
Brent crude futures rose …
Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September.
Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginni…
European stocks ended trading this week with strong gains, amid optimism following a series of positive US data.
The European Stoxx 600 index Friday rose 0.3 percent , recording its best weekly performance since May 6, as it increased by 2.4 percent …