Gold futures ended lower Thursday, with overall strength in the dollar helping the metal build on its losses for the week, while palladium eased back from the record settlement it scored in the previous session.
Gold for February delivery lost $2.60, or 0.2%, to settle at $1,247.40 an ounce, giving back nearly all of the $2.80 gain it saw a day earlier. Week to date, it has lost 0.4%. March silver settled at $14.855 an ounce, up just under half a cent for the session.
Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve's next year's policy outlook, while the dollar strengthened on expectations of a rate hike next week.
Spot gold was steady at $1,242.11 per ounce, as of 0133 GMT. Prices fell to their lowest level since Dec. 7 at $1,239.83 on Thursday.
U.S. gold futures were down 0.1 percent at $1,246.4 per ounce.
The dollar firmed against major counterparts as...
Hong Kong shares opened sharply lower Friday as investors cashed out following a healthy three-day rally fuelled by US-China trade talks hopes.
The Hang Seng Index shed 1.15 percent, or 305.35 points, to 26,219.00.
The benchmark Shanghai Composite Index lost 0.26 percent, or 6.77 points, to 2,627.28, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.26 percent, or 3.50 points, to 1,357.42.
Source : AFP
A round of weaker-than-expected Chinese economic data was spooking global investors Friday, but failed to provide a lift for gold thanks to a stronger U.S. dollar.
Gold for February delivery on Comex was off $5, or 0.4%, to $1,242.40 an ounce, while March silver fell 17.5 cents, or 1.2%, to $14.68 an ounce.
In other metals trade, March palladium was off $17.90, or 1.5%, to $1,172.80 an announce, while January platinum fell $3.20, or 0.4%, to $794.30 an ounce.
March copper fell 3.3 cents, or...
Hong Kong shares rallied more than one percent for the second straight day Thursday as investors grow optimistic for China-US trade talks.
The Hang Seng Index jumped 1.29 percent, or 337.64 points, to 26,524.35.
The benchmark Shanghai Composite Index climbed 1.23 percent, or 31.90 points, to 2,634.05 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.11 percent, or 14.89 points, to 1,360.92.