That comes as Chinese negotiators ready for the next round of trade talks, set to begin Tuesday in Washington.
Donald Trump
Spot Gold No Buying Below $1300
Gold Silver Reports (GSR) – Spot Gold No Buying Below $1300 – Spot gold was 0.41 percent lower at $1,309.55 per ounce at 1:50 p.m. EST.
Wall Street’s view on Trump’s talk of firing Fed Chair Jerome Powell: ‘Utter madness’
President D. Trump’s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that a volatile market – and the attendant possibility of an economic downturn – could endanger his reelection prospects.
Fed Does the Right Thing, Ignores Donald Trump
Gold Silver Reports (GSR) – The Federal Reserve on Wednesday raised its benchmark interest rate a quarter-point but lowered its projections for future hikes.
Russia has reportedly agreed to cut 200,000 bpd, clearing a hurdle for OPEC to agree to specific reductions.
Russia has reportedly agreed to cut 200,000 bpd, clearing a hurdle for OPEC to agree to specific reductions.
OPEC source says Iran has agreed to OPEC deal: RTRS
OPEC source says OPEC to cut around 800 kbpd- RTRS
The Saudis have been leading calls for the group to trim output, amid surging supply and fears that an economic slowdown will erode fuel demand. The oil-rich kingdom has previously indicated it wants the group to curb output by at least 1.3 million barrels per day (bpd).
JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019
Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.