Gold Touches One-Month Low as Fed Rate Speculation Mounts

Gold touched a one-month low after Federal Reserve Chair Janet Yellen told a congressional hearing that a move on interest rates in December is a “live possibility” if economic data hold up. Bullion fell in the past five quarters as a strengthening economy raised concern that the Fed would tighten policy. Last week, the Federal Open Market Committee signaled the economy may be strong enough to raise rates. Reports Wednesday showed U.S....

Oil Tumbles After U.S. Crude Stockpiles Increase a Sixth Week

Oil dropped the most in three weeks after government data showed that U.S. crude inventories climbed. Futures have slumped almost 40 percent in the past year amid speculation the global glut will be prolonged as the Organization of Petroleum Exporting Countries continues to pump above its quota. Oil may never rise to $100 a barrel again, said Vitol Group, the world’s largest independent oil trader. Shipments from a Libyan port were halted...

Most Asia Stocks Climb After Yellen as Japan Gains on Weaker Yen

Most Asian stocks advanced after comments from Federal Reserve Chair Janet Yellen boosted the dollar against the yen, spurring equity gains in Tokyo. Two stocks rose for each that fell on the MSCI Asia Pacific Index, which added 0.1 percent to 134.92 as of 9:09 a.m. in Tokyo. The Topix index climbed 0.9 percent. U.S. shares slid on Wednesday and the greenback strengthened after Yellen, speaking before the House Financial Services Committee,...

Topix Raih Gain untuk Hari Kedua seiring Komentar Yellen Picu Reli Dollar

Saham Jepang naik setelah Ketua Federal Reserve Janet Yellen mengatakan bank sentral bisa mengangkatkan suku bunga segera mungkin bulan depan, yang akhirnya mendorong dolar lebih tinggi terhadap yen. Indeks Topix naik dengan 0,4 persen ke level 1,546.76 pada pukul 09:01 pagi waktu Tokyo, dengan asuransi dan pengeksplor energi memimpin keuntungan. Indeks Nikkei 225 Stock Average naik 0,5 persen ke level 19,029.75. Yen diperdagangkan pada...

U.S. Stocks Slip From Three-Month High on Interest Rate Concern

U.S. stocks slipped, retreating from a three-month high, after data on payrolls and remarks from Federal Reserve Chair Janet Yellen lifted bets that the central bank is closer to raising interest rates. Earnings results were influencing some of the biggest movers in the Standard & Poor’s 500 Index. Time Warner Inc. and 21st Century Fox Inc. fell at least 6 percent, weighing on media companies after their results disappointed. Motorola...