COMEX Gold holds losses as traders continued to scale back bets for an interest rate cut by the Federal Reserve next month
Fed Vice Chair for Supervision Michael Barr said the US central bank needs to see more data indicating inflation is heading back to 2% before it begins lowering interest rates
WTI Crude trades near $76/bbl, extending decline for second day, as US stocks expanded by a greater-than-expected 12 million barrels last week
LME base metals saw a modest recovery as dollar edged away from three month highs though Chinese demand concerns and slashed bets of rate cuts in the first half limit sharp upside
Bank of England Governor Andrew Bailey said he was encouraged by Britain’s latest inflation data which left price growth broadly as the central bank expected, and he pointed to early signs of a pick-up in the economy (Reuters)
Today, US retail sales, Philly Fed manufacturing index and jobless claims may drop fresh hints on the health of the US economy
