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Crude oil prices drifted lower on Friday amid concerns about outlook for energy demand following reports showing spikes in coronavirus cases in several parts across the world.

Gold futures snapped a five-session winning streak and settled sharply lower on Friday as the dollar firmed up against major peers after data showed a bigger than expected increase in U.S. jobs growth in July.

Oil dipped below $45 a barrel on Friday amid worries that a resurgence of coronavirus infections and lockdowns will crimp fuel demand. Benchmark Brent crude dropped 0.7 percent to $44.77 a barrel, with a pledge from OPEC member Iraq to cut oil output further in August helping to limit the downside....

Crude oil futures snapped a four-day winning streak and ended modestly lower on Thursday as traders weighed crude demand and supply levels amid the ongoing coronavirus pandemic.

Gold prices moved higher on Thursday, extending gains to a fifth straight day thanks to safe-haven demand amid a weak dollar and sluggish equity markets due to persisting worries about economic growth.

Gold prices hovered near record highs on Thursday as the number of global Covid-19 infections surged past 19 million and the impasse over the next round of the U.S. fiscal stimulus measures spurred concerns about the pace of economic recovery. Spot gold edged up 0.6 percent to $2,049.65 per ounce...

Oil prices struggled to hold onto five-month highs reached in the previous session on Thursday after the EIA reported a much bigger than expected drop in U.S. crude stockpiles. Benchmark Brent crude edged up 0.1 percent to $45.20 a barrel, while U.S. crude futures were down 0.6 percent at $41.95. According...

Crude oil prices moved higher on Wednesday, lifted by data showing a sharp drop in U.S. crude inventories in the week ended July 31.

Gold prices continued to surge and hit fresh a record high on Wednesday, as the futures contract extended its gains to a fourth straight day. Optimism about U.S. lawmakers agreeing on a stimulus package and the dollar's weakness pushed up gold prices.

Gold scaled a record high on Wednesday, with rising coronavirus cases in the U.S., falling U.S. Treasury yields and a weaker dollar driving prices higher. Spot gold climbed 1.1 percent to $2,041.15 per ounce, while U.S. gold futures were up as much as 1.8 percent at $2,045.35. The United States...

Oil prices rose over 2 percent to their higher since March on Wednesday after industry data showed a big drop in U.S. crude inventories. Benchmark Brent crude jumped 2.3 percent to $45.47 a barrel, while West Texas Intermediate oil futures were up 2.6 percent at $42.80 a barrel. The American Petroleum...

Crude oil futures settled notably higher on Tuesday, with traders picking up positions ahead of inventory data on hopes of a drop in stockpiles.

Gold prices rose sharply on Tuesday and the front-month contract ended above $2,000 an ounce for the first time in history, as traders rushed for the safe haven commodity amid continued concerns about the coronavirus pandemic and the global economy.

Gold prices were mixed on Tuesday and the dollar slipped as investors fretted over an uncertain economic outlook and ongoing political wrangling over a U.S. relief plan. Spot gold edged down 0.1 percent to $1,975.78 per ounce, while U.S. gold futures were up 0.3 percent at $1,980.80. With many...

Crude oil prices moved higher on Monday as encouraging economic data from the U.S., the Eurozone and China helped ease concerns about energy demand.

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