Inflation in the US increased 2.7% in November, in line with economists’ expectations, laying the groundwork for a third rate cut from the Federal Reserve next week (18 December).

Oil rose in early Asian trade. Oil has priced in a little geopolitical risk premium on the tightening of sanctions against Russia by the U.S. while prospects of a Fed rate cut may also be boosting ...

Gold edges higher in the early Asian session, supported by ongoing prospects of a Fed rate cut next week. The move came after U.S. CPI rose 2.7% on-year in November, matching consensus expectations.

US CPI numbers yesterday would have only reinforced the view that the Fed will likely cut interest rates by 25bp at its ...