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Bullion

Gold bugs may get a surprise break from U.S. economic weakening, but more data is needed to verify that. The spot price of bullion was barely changed while futures of gold rose on Wednesday as the dollar slid after U.S. retail sales tumbled 1.2% in December, the Commerce Department reported. Economists had forecast a gain of 0.1% for the period. Spot gold, reflective of trades in physical bullion, slid by 0.5 cent to $1,315.05 per ounce by 1:19 PM ET (18:19 GMT). Infutures trading, golds benchmark April contract on the Comex division of the New York Mercantile Exchange was up $5.79, or 0.4%,... Read more...

Energy

Brent crude oilprices hit 2019 highs above $65 per barrel on Friday, spurred by U.S. sanctions against Venezuela and Iran as well as OPEC-led supply cuts. Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.97 a barrel by 0450 GMT. That was still 0.6 percent above the last close. The international benchmark for oil prices is at a near 3-month high and set for a 4.6 percent gain for the week. U.S. West Texas Intermediate (WTI) crude futures were at $54.70 per barrel, up 29 cents, or 0.6 percent, from... Read more...