Gold futures fell on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor.
August gold trading on Comex tacked on $4.80, or 0.3%, to settle at $1,428.10 an ounce, after climbing by 0.9% on Wednesday. The latest settlement was the highest for a most-active contract since May 13, 2013, FactSet data show.
September silver added 22.7 cents,...
Oil futures dropped by nearly 3% on Thursday, sending U.S. prices to their lowest finish in roughly a month. Prices reversed earlier gains, "reacting to the weakness in U.S. equities and over expectations of a production rise from the U.S. Gulf of Mexico region, coming back into service after last week's Hurricane Barry disrupted production," said Mihir Kapadia, chief executive officer of Sun Global Investments.
August West Texas Intermediate oil lost $1.48, or 2.6%, to settle at $55.30 a...
Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Reserve and fresh tensions in the Middle East.
Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, and was down 0.5% at $1,439.41, as of 07:41 GMT.
The metal is on track for a second straight weekly gain.
U.S. gold futures jumped about 1% to $1,440.50.
At a central...
Hong Kong stocks ended with more losses Thursday, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy firms hit by falling oil price
The Hang Seng Index dropped 0.46 percent, or 131.51 points to 28,461.66.
The benchmark Shanghai Composite Index sank 1.04 percent, or 30.51 points, to 2,901.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.63 percent, or 25.71 points, to 1,548.64.
Source : AFP
Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016.
Both metals gained after two senior Federal Reserve officials stressed the need to act quickly if the U.S. economy looked likely to stumble. Investors are also weighing tensions between U.S. and Iran as President Donald Trump said the U.S. œimmediately destroyed an Iranian drone that approached the...