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 sector this year, spiked on 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
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 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
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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Gold pared some gains on Wednesday but held firm as the dollar slid after the U.S. midterm elections delivered a split Congress and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes.
"The split government is unlikely to impact gold much. Gold has been rather inured to geopolitical developments this year... The biggest driver for gold remains the USD and its reaction has been reasonable given the dip in the dollar," said Tai Wong, head of metals trading at BMO.
The dollar index fell, making bullion more attractive for holders of other currencies as a split Congress dampened expectations for a major fiscal policy boost to the economy.
"Gold seems happy in a $1,215-45 range for now as we await the next real change in the trade chessboard," Wong said.
Investors have largely opted for the safety of the greenback rather than gold, a traditional safe haven, this year as a U.S.- China trade row continues.
Democrats won control of the U.S. House of Representatives, giving them the opportunity to block President Donald Trump's push for a further round of tax cuts and deregulation - measures that have boosted the U.S. economy, stock markets and the dollar, and have kept the Fed on a policy-tightening path.
Market participants are now keeping a close eye on a two-day Fed meeting set to begin on Wednesday to gauge the outlook for U.S. monetary policy.
"No change in the Fed rate is expected. But investors and traders will be listening to hear if there are any changes in 2019 rate hike predictions," Walter Pehowich, executive vice president of investment services at Dillon Gage Metals said in a note.
The Fed raised U.S. rates in September and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth and a robust jobs market.
Meanwhile, holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, fell for the third straight session to 756.70 tonnes on Tuesday.
Platinum was up 0.19 percent at $869.15 an ounce after hitting $877.50, its highest in more than four months.