Oil prices jumped on Thursday, with U.S. oil settling sharply higher on growing hope for a deal to extend funding of the U.S. government.
Stocks closed out the session with a sharp bang Thursday, with major averages rallying more than 2 percent across the board, as lawmakers seemed to move closer to a deal to resolve the political stalemate in Washington.
Gold settled under $1,310 an ounce on Wednesday, while the dollar extended gains after the minutes of the Fed's Sept. 17-18 meeting were released.
Gold ended lower after a day of choppy trading on signs that lawmakers in Washington might reach a deal to avert a potential U.S. debt default.
European shares closed higher on Thursday, as hopes grew that the U.S. would strike a short-term debt limit deal.
Oil prices fell on Tuesday, as the outcome of talks over a U.S. debt deal remained uncertain, and Iran unveiled a proposal to resolve a standoff over its nuclear program.
Gold settled lower on Tuesday, amid fears the country could still be pushed toward an unprecedented default.
Asian shares retraced most of their early losses by midday Tuesday, even as the U.S. government shutdown dragged into its second week.
Gold prices settled modestly lower after an early drop to three-month lows tempted some buyers back to the market.
The dollar index rose Friday, heading for its first weekly gain in five, as optimism grew that Congress will reach a stop-gap deal to avert default.
The dollar rose to a two-week high against major currencies as optimism grew that lawmakers might reach a deal to avert a U.S. debt default.
European equities closed mixed on Monday, as the deadline to raise the U.S. debt ceiling grew closer.
The dollar dropped to session lows against the yen on Tuesday as talks on raising the U.S. debt ceiling floundered.
U.S. crude oil futures slipped on Friday as the lack of a definitive plan to end the U.S. budget stalemate was expected to weigh on the economy.
Stocks ended near session highs in choppy trading Monday, with the Dow and S&P 500 closing in positive territory for the fourth-straight session, as investors remained encouraged by signs of progress in the budget deal.
Asian equity markets outside of China rose on Tuesday on news that a bipartisan U.S. budget deal could be announced soon.
Asian stocks fell on Thursday after President Obama launched a series of meetings with lawmakers at the White House but Japan bucked the trend.
The dollar rose on Wednesday as news that Federal Reserve Vice Chair Janet Yellen will be nominated as the next chief removed uncertainty in markets.
European shares closed lower on Wednesday as investors balanced the U.S. budget deadlock with news of a new Fed chair.
U.S. Treasurys trade lower on Tuesday, with yields ticking up as the U.S. government shutdown entered its eighth day.
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