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
"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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Gold rose on Wednesday on expectations of monetary policy easing by top central banks while global growth risks continue to linger, although improved appetite for riskier assets capped bullion's gains and kept it near a four-week low.
"If the European Central Bank (ECB) announces another cut or more liquidity, it should boost precious metals and that's what's given a positive tone for gold," said Chris Gaffney, president of world markets at TIAA Bank.
"Low interest rates and slowing global growth are helping gold stay well bid. It's just that to push it back to $1,500, we need to see a rise in tensions and more expectations of lower rates."
Bond yields extended their steady climb and Wall Street gained, with investor focus turning to monetary policy decisions by the ECB on Thursday, when the bank is widely expected to cut interest rates.
The ECB decision is likely to set the tone for upcoming rate-setting decisions by the U.S. Federal Reserve and the Bank of Japan next week.
While recent economic indicators might prompt a 25-basis point interest rate reduction by the U.S. Fed, "a major cut of 50 bps (basis points) is unnecessary," said TIAA Bank's Gaffney.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
Also on investors' radar was the U.S.-China trade ties, with China exempting certain U.S. goods from retaliatory tariffs days ahead of the October talks in an attempt to de-escalate the protracted dispute.
Spot gold is still targeting $1,453, as it has breached a support at $1,497 per ounce, according to Reuters technical analyst Wang Tao.
"Weakening global growth, high risk aversion and low interest rates should keep prices elevated, but they are unlikely to provide a further boost given that they are, for the most part, already accounted for," analysts at Capital Economics wrote in a note.