Tag
JEROME POWELL
Gold futures prices dropped 0.32% at $1,813/ounce, though it's now trading above the $1,800 mark.
For the month of November, the precious metal lost for the third consecutive week, dropping 6% in value month to date.
Brent crude (LCOc1) was up 0.41% to trade at $42.11 a barrel by 0706am GMT.
Gold was mostly on the defensive in the Asian session and most of the European trading.
The American Dollar Index tracks the dollar’s strength relatively against a bouquet of other major currencies.
Currencies tracked by the U.S dollar index include; euro, British pounds sterling, and the Japanese yen.
This year has been a turbulent one for the oil market as crude oil prices went negative for the first time in history.
In line with broad market expectations, the U.S Federal Reserve cut interest rates by 25 basis points to a range of 1.5% to 1.75%.
The general consensual expectation of the FOMC meeting from the Fed on its monetary policy stance in its September...