Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China.
Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...
Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China.
Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...
Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession.
Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT.
U.S. gold futures also fell 0.5% to $1,516.80 an ounce.
The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other...
Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief.
The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46.
Source : AFP
Gold shed 1% on Monday as a recovery in share markets and rising U.S. Treasury yields reduced some of the metal's safe-haven appeal, prompting investors to book profits.
Spot gold was down 1.06% at $1,497.85 per ounce. U.S. gold futures slipped 1% to $1,508.1.
Benchmark U.S. Treasury yields gained on Monday, moving further away from record lows after the closely-watched U.S. yield curve between two- and 10-year bonds inverted for the first time since 2007 on Wednesday.
Equity markets around...