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 shot up on Wednesday as weaker-than-expected U.S. data pushed the dollar lower. Investors also digested the release of a summary from the Fed's latest meeting.
Federal Reserve officials on Wednesday indicated positive views on economic growth, but were more cautious when evaluating market conditions.
Outgoing Fed Chair Janet Yellen said rates should rise gradually but warned she was "very uncertain" that inflation would soon rebound, suggesting a cautious approach to rate increases.
Already down on the day, the dollar weakened further after data showed new orders for key U.S.-made capital goods unexpectedly declined in October. U.S. bond yields also fell.
Gold is sensitive to rising rates because they tend to boost the dollar, making gold more expensive for holders of other currencies, and push up bond yields, reducing the appeal of non-yielding gold.
Gold has benefited from a flattening in the U.S. Treasury yield curve that has supported the Japanese yen and pushed the dollar lower, Saxo Bank analyst Ole Hansen said.
The U.S. yield curve hit the lowest in a decade on Tuesday on expectations that the Fed will raise rates, inflation will remain low, and government will increase debt issuance in short- and intermediate-dated maturities while delaying big increases at longer dates.
"Gold has been stuck in a range with an average price of $1,280 since early October but we are seeing some higher lows and higher highs, which indicates there is underlying support for the market," Hansen said.
Investors were keen to own gold to hedge against risks including a fall in global stock markets from current record highs, he said, predicting gold would rise to $1,325 by the end of the year.
Bets on higher gold prices by money managers increased last week for the first time since early September.
However, rising U.S. interest rates through next year were likely to strengthen the dollar and put pressure on gold, said Julius Baer analyst Carsten Menke. On the technical side, gold broke through resistance at the 50-day moving average around $1,286 and the next hurdle was at a Fibonacci level of $1,295.40, analysts at ScotiaMocatta said in a note.
Commerzbank analysts said gold was holding steadily above its 200-day moving average and they expected an attempt to break above $1,297.