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Crude oil prices rose on Wednesday amid hopes the Joe Biden administration will step up stimulus to boost growth, which in turn will result in increased demand for energy.

Gold prices moved higher on Wednesday as the dollar weakened amid rising hopes the new U.S. government under Joe Biden will approve additional stimulus sometime soon to boost the economic recovery.

Oil prices rose on Wednesday as stimulus hopes outweighed the IEA's gloomier outlook for global oil demand. Weakness in the U.S. dollar also raised the appeal of the commodity. Brent crude for March settlement climbed 0.7 percent to $56.30 a barrel, after having jumped 2.1 percent on Tuesday. West...

Crude oil prices rose on Tuesday, riding on the dollar's weakness and expectations of more economic stimulus in the U.S.

Gold prices moved higher on Tuesday as the dollar weakened against most of its peers after comments from Joe Biden's U.S. Treasury Secretary nominee Janet Yellen about fiscal stimulus.

Gold prices rose on Tuesday as the dollar weakened on optimism about China's economy and hopes for further global stimulus. Spot gold edged up 0.3 percent to $1,843.13 per ounce, after having hit it's lowest since Dec. 2 at $1,809.90 hit on Monday. U.S. gold futures were up 0.7 percent at $1,841.90. Data...

Oil prices rose on Tuesday as the dollar weakened and China's forecast-beating quarterly GDP growth figures helped shift investor focus back to demand. Brent crude futures for March delivery climbed 66 cents, or 1.2 percent, to $55.41 a barrel, while U.S. West Texas Intermediate crude futures were...

Gold edged up slightly in thin trading on Monday, with U.S. equity and bond markets shut Monday for the Martin Luther King Jr. holiday. Risk-off sentiment prevailed as weak U.S. retail sales data as well as growing coronavirus infections around the world sparked worries about a slow recovery from the...

Oil prices edged lower on Monday as climbing coronavirus cases and tighter restrictions in Europe and China fueled worries over a slower recovery in fuel demand. Encouraging GDP and industrial production data from China helped to limit the downside to some extent. Brent crude for March delivery...

Crude oil futures settled sharply lower on Friday as worries about energy demand resurfaced amid rising coronavirus cases and tighter restrictions on movements in several countries, including China.

Gold prices drifted lower on Friday as the dollar firmed up against most of its rivals.

Gold edged higher on Friday after U.S. President-elect Joe Biden unveiled a $1.9 trillion stimulus package proposal and the Federal Reserve issued a dovish outlook at least for the next one year. Spot gold rose 0.4 percent to $1,854.43 per ounce, while U.S. gold futures were up 0.1 percent at $1,853.90. Risk...

Oi prices fell sharply on Friday as fresh lockdowns across Europe and signs of new outbreaks in China revived worries about fuel demand. Benchmark Brent crude fell 1.8 percent to $55.38 a barrel, while U.S. West Texas Intermediate crude futures were down 1.5 percent at $52.77. Germany, Europe's...

Crude oil prices rebounded from early losses to end notably higher on Thursday on hopes big stimulus from the Biden administration and the Covid vaccination drive will help lift energy demand.

Gold prices drifted lower on Thursday as investors sought riskier assets amid hopes U.S. President-elect Joe Biden will announce a big coronavirus relief package later in the day.

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