Gold prices retreated on Friday, as hawkish comments on interest rate hikes by the Federal Reserve outweighed optimism over signs of cooling U.S. inflation. As of 22:17 ET (02:17 GMT), spot gold was down 0.1% at $1,788.13 an ounce, while gold futures held around $1,803.50. Still, both instruments were set for mild gains this week, marked by a sharp

Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the market action turned choppy ahead of the weekend. The US Dollar Index moves sideways in a narrow channel above 105.00, the 10-year US T-bond yield holds above 2.8%

EUR/USD has failed to clear the stiff resistance that sits at 1.0370 and has gone into a consolidation phase early Friday. The pair could extend correction if the 1.0300 resistance holds, FXStreet’s Eren Sengezer reports. Euro could continue to edge lower toward the end of the week “In case the pair starts using 1.0300, where the Fibonacci 50%

SINGAPORE (Reuters) -Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, or 0.2%, to $99.83 a barrel at 0736 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 3 cents to $94.37 a