Brent oil holds above $80 as fears over Middle East ease

LONDON, Aug 14 (Reuters): Oil prices were broadly steady on Wednesday, as concerns that conflict may spread in the Middle East and threaten production in one of the world's major regions for crude production eased slightly.Brent crude futures slipped 10 cents, or 0.1 per cent, to $80.59 a barrel by...

Gold hovers near all-time high, US inflation data on radar

Gold prices hovered near record highs on Wednesday, steered by expectations of a Federal Reserve rate cut and persistent Middle East tensions, while the spotlight shifted to U.S. inflation data, reports Reuters.Spot gold was up 0.4 per cent to $2,474.04 per ounce by 1051 GMT, shy of the record high...