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The most active gold contract for December delivery gained $10 (0.91 percent) to settle at $1,104.10 per ounce, Xinhua reported.

The Dow Jones industrial average spiked 241.79 points (1.39 percent) to 17,615.17. Mr Foreman said he hasn’t bought or sold stocks in reaction to China’s currency moves, as he still expects the US market to move higher over the longer run.

China’s government said the move to weaken the yuan was a result of reforms intended to make its exchange rate more market-oriented.

The value of the Chinese yuan has been gradually rising for 10 years. They had unrealistic expectations: The market has since slammed into reverse, falling by a third in less than a month and wiping away $4 trillion in wealth….

A global oil oversupply since last summer, led by stubbornly strong U.S. shale crude output and record production by Middle East producers, has driven prices down from June 2014 highs above $100 a barrel.

The global Energy Agency said in a monthly report that it was steeply raising its demand growth outlook for this year and 2016, and expected non-Opec supply growth to decline next year, with US producers hardest hit. “Our latest balances show that while the overhang will...

Treasuries rose Tuesday, with 10-year-note yields dropping to the lowest in more than two months, after China’s devaluation of the yuan sparked a plunge in global stocks and commodities, fueling speculation the Federal Reserve may delay an increase in interest rates....

The EIA now forecasts the Brent crude price to average $59.42 a barrel in 2016, down $7.62 a barrel from the June estimate.

Warren Buffett’s Berkshire Hathaway on Monday agreed to buy Precision Castparts for about 37.2 billion U.S. dollars, which would be the conglomerate’s largest takeover ever.

China’s unexpected sharp currency devaluation has shaken the foreign-exchange market, boosting the US dollar and stirring concerns about a delay in the Federal Reserve’s plan to raise interest rates.

It bought two cargoes of Basrah Light crude oil from Iraq over the last two months to half fill the Visakhapatnam underground cavern that can hold as much as 9.75 million barrels of oil, Indian Strategic Petroleum Reserves chief executive officer Rajan K. Pillai said in an...

“Devaluation of the yuan means a stronger U.S. dollar and that’s likely to weigh on commodity prices“, Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone.

“The oil market is intrinsically sensitive to economic and geopolitical developments around the world“. The move is seen as an attempt by the producer cartel´s kingpin Saudi Arabia to defend its market share as it fends off competition from US shale oil.

The Federal Reserve is expected to raise its key interest rate next month for the first time in nearly a decade.

A man fills up his auto at a petrol station in Rome January 6, 2015.