Commodities News

Gold prices jump to 8-1/2 month peak on US rate hike outlook

Gold prices jump to 8-1/2 month peak on US rate hike outlook

The Fed is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have raised risks to the US economy, Yellen told US lawmakers on Wednesday.

Oil prices fall as US inventories hit record high, economic woes continue
Oil prices fall as US inventories hit record high, economic woes continue

International benchmark Brent crude futures were trading at $60.62 per barrel at 0117 GMT, down 22 cents.

Horoscope: By Peter Vidal

Today ( 12 Feb )This Week ( 07 Feb - 13 Feb )

SAGITTARIUS How did you manage to arrive at the situation in which you now find yourself? It's probably hard to unravel the exact chain of events, but that's no reason to absolve yourself from all blame! The Moon's… read more