Coffee Sipping Big Board Stocks

[timhyma]

The weak dollar is sending gold above $1,300 an ounce for the first time since January 2015, as prices advance 23% YTD, rebounding from three straight annual declines. Investors have flooded back to the yellow metal as risks to the global economy prompt the Fed to take a slower approach to further interest-rate increases.

Oil prices are retreating from 2016 highs as rising production in the Middle East outweighed a decline in U.S. output and a slide in the dollar. OPEC crude production rose in April to 32.64M barrels per day, close to the highest level in recent history. Meanwhile, International Energy Agency chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Crude futures -0.7% to $45.58/bbl.