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POPULAR NEWS
Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

Gold Steady Amid Auto Tariffs Delay, U.S.-China Angst
Thursday, 16 May 2019 15:56 WIB | PRECIOUS METALS |GOLDEMAS

Gold steady as investors see some potential relief from the U.S. on tougher auto tariffs even as Washington continues to intensify trade tensions with China.

President Donald Trump will give the EU and Japan 180 days to agree to a deal that would œlimit or restrict imports into the U.S. of automobiles and their parts, in return for delaying new auto tariffs, according to a draft executive order seen by Bloomberg.

At the same time, Trump ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei Technologies Co.™s access to the U.S. market and American suppliers. Unexpectedly weak U.S. and Chinese economic numbers Wednesday have also heightened worries the trade war could weigh on the global economy.

Spot gold little changed at $1,296.90/oz at 7:24am in London.

Source : Bloomberg

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POPULAR NEWS
Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

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