Commodities

Gold Firms as Markets Await Trump Tax Plans, Fed Speakers

Gold firmed on Monday as the dollar softened, although moves were muted as markets awaited details on U.S. President Donald Trump's tax policy, and guidance on the pace of interest rate hikes from a raft of Federal Reserve speakers this week.

Dow Notches Seventh Straight Record

The Dow Jones Industrial Average barely reached a seventh straight record high on Friday and the S&P 500 and Nasdaq also closed at a record as gains in Kraft Heinz helped offset selling in energy stocks.

Oil Down Despite News OPEC Could Extend Output Cut

Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.

Agnico Eagle to Invest $1.2B in Arctic Gold Mines

Agnico Eagle Mines said on Wednesday it would invest more than $1.2 billion in building a gold mine in Canada's Arctic and expanding another, making it one of the few gold companies to be constructing mines at a time when industry output is shrinking.

Oil Prices Edge Up on Short Covering, Gasoline Jumps

Oil prices gained slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4 percent after a surprise decline in inventories of the fuel.