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S. Korea Posts Largest Current Account Surplus in 7 Years in June

South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.

The country’s current account surplus reached $12.2 billion in June, marking a su…

Oil Edges Lower on Unexpected Build in US Inventories

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.

Brent crude futur…

Gold Prices Rise on US Federal Reserve Rate Cut Expectations

Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger US interest rate cuts later this year.

Spot gold was up 0.1% to $2,408.77 per ounce, while US gold futures rose 0.2% to $2,449.50.

Bu…