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Oil hits six-week high as storm builds in Gulf of Mexico

Oil futures hit a six-week high on Thursday as a storm built in the Gulf of Mexico, threatening crude output, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region. U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.77 a barrel by Read more about Oil hits six-week high as storm builds in Gulf of Mexico[…]

Gold jumps to one-week high as dollar weakens after Jerome Powell testimony

Gold prices scaled a more than one-week peak on Thursday, as the dollar slipped after dovish remarks from the U.S. Federal Reserve Chairman Jerome Powell boosted the case for an interest rate cut later this month. Spot gold was up 0.4% at $1,424.21 per ounce as of 0337 GMT, after earlier hitting its highest since Read more about Gold jumps to one-week high as dollar weakens after Jerome Powell testimony[…]

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