Gold Rebounds on Weak Dollar, Market Eyes Fed Meeting

Gold bounced back on Monday, inching closer to last week's 13-month high as the dollar remained under pressure ahead of the U.S. Federal Reserve's policy meeting. Spot gold rose 0.4 percent to $1,252.50 an ounce by 0009 GMT while U.S. gold eased 0.5 percent to $1,253.40 an ounce. The main focus is the U.S. Federal Reserve's policy meeting on March 15-16. The Fed lifted rates for the first time in nearly a decade...

Oil Falls in New York After Iran Pledges to Boost Production

Oil fell from the highest settlement in more than three months as Iran said it plans to boost production. Futures dropped as much as 0.9 percent in New York after advancing 1.7 percent Friday. Iran plans to boost crude output to 4 million barrels a day before it will consider joining other suppliers in seeking ways to rebalance the global market. Rigs targeting oil in the U.S. fell by 6 to 386, according to Baker Hughes Inc., the least...

Chinese Stocks Advance After New Watchdog Head Pledges Support

Chinese stocks rose, led by technology and industrial companies, after the new head of the securities regulator signaled he’ll keep propping up the equity market and go slow on reforms that might have flooded exchanges with new shares. The Shanghai Composite Index advanced 0.7 percent. Liu Shiyu, chairman of the China Securities Regulatory Commission, said it was far too early to think about the state rescue fund leaving the...

Japan Stocks Rise Third Day as Machine Orders Surge, BOJ Meets

Japanese stocks rose for a third day as machine orders surged more than expected ahead of a central bank monetary policy review and after the yen weakened as U.S. equities climbed to their highest level in 2016. The Topix index gained 1.2 percent to 1,375.78 at 9:01 a.m. in Tokyo, with about 19 shares rising for each that fell. The gauge posted its first weekly decline in four weeks last week, after jumping 15 percent over the...

Asian Stocks Rise for Third Day Ahead of Central Bank Meetings

Asian stocks rose after four weeks of gains, tracking a global rally that sent U.S. equities to their highest this year, as Japanese shares led the advance. The MSCI Asia Pacific Index added 0.6 percent to 127.47 as of 9:01 a.m. in Tokyo, extending its gain from this year’s low to 13 percent. The focus now turns to policy decisions this week by the Bank of Japan, the Federal Reserve and others after stocks jumped on Friday as investors...