Page 2 - Weak Dollar News Today

SINGAPORE: Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9 per cent. US West Texas Intermediate crude futures for March advanced 60 cents, or 1.1 pe...

Will The Golden Rally Last? While the positivity on the vaccine front is expected to pile the pressure on gold, the popular view is that the vaccine positivity will be offset by supportive monetary policies that are ‘gold-positive’. The many statements from U.S. Federal Reserve Chair Jerome Powell and his counterparts in other countries lend weight to the latter argument as the central banks look set to continue their supportive policies well into 2021 and 2022. Argentum > Aurum? While much...