Gold futures edged lower Friday, pulling back from the one-week high they settled at a day earlier. Prices for the haven metal, however, ended the week higher against backdrop of worries surrounding the U.S.-China trade standoff and political uncertainty in the U.K. Prime Minister Theresa May announced her decision Friday to step down.
June gold fell $1.80, or 0.1%, to settle at $1,283.60 an ounce on Comex. For the week, prices gained 0.6%, according to FactSet data.
Source : MarketWatch
Gold held much of Thursday™s gain, heading for a weekly advance, as escalating trade tensions between the U.S. and China damped the outlook for growth.
Spot gold -0.1% at $1,281.60/oz in London; after +0.8% Thursday. Price +0.3% this week. Bloomberg Dollar Spot Index flat.
Global stocks retreated for a third week and yields on 10-year Treasuries are near the lowest since 2017, helping to support the precious metal. Still, bullion has been pressured by a stronger...
Gold futures edged lower Friday but were on track for a weekly win after seeing renewed haven demand as trade-war worries rose.
Gold for June delivery on Comex fell $2.40, or 0.2%, to $1,283 an ounce, while July silver was off 6.8 cents, or 0.5%, at $14.545 an ounce. Gold is on track for a 0.6% weekly rise, after a Thursday rally, while July silver is up 1.2% for the week. Both metals are nursing month-to-date declines, however, with gold off 0.2% and silver down 2.9%.
Source : Market Watch
The U.S. dollar slipped on Friday as traders digested the impact of see-saw trade headlines on the stronger greenback.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.1% to 97.593 by 10:14 AM ET (14:14 GMT).
U.S. manufacturing activity on Thursday hit its lowest level in almost a decade in May, which could mean the U.S. economy is slowing down.
Trade tensions eased Friday after U.S. President Donald Trump said that a deal...
The British pound was on track to snap a record losing streak against the euro on Friday as British Prime Minister Theresa May appeared to be about to announce her departure date after two years of trying to push through a Brexit divorce deal.
While there is no clarity on who her successor will be, markets are concerned that the next prime minister will want a tougher divorce deal, although the EU has said it will not renegotiate the Withdrawal Treaty it sealed in November.