President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Gold prices turned higher on Tuesday after U.S. President Donald Trump issued a stark warning to North Korea.
"North Korea best not make any more threats to the United States," Trump told reporters, speaking slowly and deliberately with his arms crossed in front of him. "They will be met with fire and fury like the world has never seen. He has been very threatening ... and as I said they will be met with fire, fury and frankly power, the likes of which this world has never seen before."
Gold futures for December delivery erased losses in after-hours trade, climbing 0.1 percent to 1,265.90 per ounce. Spot prices rose 0.21 percent to trade at 1,260.01.
The precious metal traded lower earlier after the U.S. dollar turned positive as investors awaited U.S. inflation figures later this week for further clues about the pace of interest rate rises.
"Ahead of the U.S. inflation numbers gold will likely trade sideways until there's more direction," said Fawad Razaqzada, an analyst at FOREX.com.
Inflation is a key economic factor the U.S. central bank considers when deciding monetary policy. A strong U.S. inflation reading could raise expectations for future interest rate increases, which would put pressure on non-yielding bullion.
The dollar index was 0.4 percent higher against a basket of major currencies. A stronger dollar increases the cost for buyers of commodities such as gold who are outside the United States. Investors were also awaiting clues as to when the U.S. Federal Reserve will begin reducing its $4.2 trillion bond portfolio.
"Given the move towards tighter monetary policy ... the developing bullish chart picture may be a warning that investors are buying more gold as an insurance against heightened risk of trouble ahead," ScotiaBank analysts said in a note.
World stocks touched a new high on Tuesday despite weaker than expected Chinese trade data. A higher appetite for riskier assets such as stocks usually saps demand for safe-haven gold.
Meanwhile, holdings at the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell to 786.87 tonnes on Monday.
In other precious metals, silver rose 0.95 percent to $16.391 per ounce. In the previous session, it retouched its July 20 low of $16.10 an ounce, the weakest since July 18.
gained 0.57 percent to $969 per ounce and rose 1.15 percent to $896.15 per ounce.
"Platinum is being supported by strong fundamentals as supply in comparison to the demand is a little weak," said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank.