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Gold neared a 7-month peak on Thursday amid speculation of a Fed rate cut in H1 2023, pressuring the dollar and Treasury yields.
Charlie Munger, known for being Warren Buffett’s right-hand man, died at age 99. He would have turned 100 on New Year’s Day.
The US dollar fell to a 2-month low against the yen as Fed Governor Christopher Waller hinted at a potential rate cut in the coming months on Wednesday.
Oil prices rose on Tuesday ahead of a key OPEC+ meeting. Expectations are high for extended and deeper production cuts to support prices.
Gold surpassed $2000 again on Monday, fueled by a weakened dollar and bets that the Fed won't raise rates further this month.
European shares gained, led by energy stocks. ECB meeting minutes revealed policymakers' cautious optimism about declining inflation.
Oil prices dropped 1% on Thursday, continuing a 1% loss from the previous session. OPEC+ postponed its meeting to November 30 from November 26.
Gold dipped below $2000 on Wednesday as the dollar strengthened. Despite warnings from Fed officials, it had crossed that mark in the previous session.
Asian shares rose on Tuesday, following Wall Street's tech-led gains. Investors applaud strong earnings and declining Treasury yields.
Oil rose as OPEC+ planned deeper cuts to boost prices. Improved supply and an economic slowdown led to a four-week decline.
Asian oil prices are set for a fourth consecutive weekly drop, tumbling 5% to four-month lows amid demand worries on Thursday.
Flat gold prices in early Asian hours on Thursday were due to a robust dollar, despite economic data easing worries of additional rate hikes.
Middle East tensions lifted Wednesday's Asian oil prices, but they showed a limited response to Tuesday's US inflation-easing signs.
Tuesday saw the yen battered and near a 30-year low against the dollar, contrasting sharply with higher long-term rates elsewhere due to the BOJ's QE.
