Day: 11 October 2024

Oil Eases but Heads for Weekly Gain

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane Milton on US demand against any broad supply disruption due to the developments in the Middle E…

Gold Rises on US Fed Rate Cut Bets

Gold prices rose on Friday after recent economic data supported bets for a Federal Reserve interest rate cut next month.

Spot gold rose 0.6% to $2,644.70 per ounce, but was down about 0.3% for the week. Prices hit a record high of $2,685.42 last mon…