Gold drops after Treasury Secretary Steven Mnuchin says U.S. is putting trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens.
Bullion for immediate delivery -0.4% to $1,288.06/oz at 12:10pm in Singapore. Metal -2% last week, biggest weekly drop since December. Silver -0.4% to $16.3820/oz. Bloomberg Dollar Spot Index +0.2%, highest level this year. Yield on 10-year Treasuries +1 bp to...
President Donald Trump says he will order an investigation Monday into claims an FBI informant infiltrated his 2016 election campaign “ setting up a potential showdown with the Justice Department.
œI hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes - and if any such demands or requests were made by people within the Obama Administration!, Trump...
Gold declines after Treasury Secretary Steven Mnuchin said the U.S. was putting the trade war with China on hold, boosting risk-on sentiment in markets. Treasury yields edge higher, dollar strengthens.
Bullion for immediate delivery -0.3% to $1,289.77/oz at 8:27am in Singapore. Metal -2% last week, biggest weekly drop since December.
Bloomberg Dollar Spot Index +0.1%, near highest level since this year. Yield on 10-year Treasuries +2 bps to 3.08%.
Tokyo stocks opened higher on Monday supported by a cheaper yen as worries over a trade war between the US and China eased.
The benchmark Nikkei 225 index gained 0.12 percent, or 28.37 points, to 22,958.73 in early trade, while the broader Topix index was up 0.01 percent or 0.23 points, at 1,815.48.
The dollar was quoted at 111.00 yen in early Asian trade, up from 110.68 yen in New York late Friday.
The dollar firmed slightly after the finance ministry said Japan's overall trade surplus...
Hong Kong stocks started Monday on a positive note after the US and China said they had called off threatened tariffs and backed off from a trade war.
The Hang Seng Index rose 0.60 percent, or 184.88 points, to 31,232.79.
And the benchmark Shanghai Composite Index added 0.40 percent, or 12.88 points, to 3,206.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.54 percent, or 9.94 points, to 1,838.73.
Source : AFP