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Dollar extends losses as Fed minutes signal slower rate hikes

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Gold closed with a loss on Thursday, dropping for a third-straight session as the US dollar and bond yields are on the rise. Gold for December delivery closed down US$12.80 to settle at US$1,763.00 per ounce. The drop comes as the dollar continues to recover from a sell-off earlier this month after the US reported inflation rose less than expected in October,...

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The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal Reserve speakers on the path for interest rates. The euro EURUSD was last up 0.33% at $1.0388 but still below the four-and-a-half month peak of $1.0481 it touched Tuesday when U.S. producer price inflation data was below...

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The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is...