Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal.
Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet.
May silver dropped 14.2 cents, or...
Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on Friday, prompting concern among traders that the measures by the world's largest wheat exporter could be extended.
In fellow Black Sea exporter Ukraine, the economy ministry on Friday said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the...
European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response.
The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory.
European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according...
Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases.
The Dow Jones Industrial Average dropped 904 points, or about 4%. The S&P 500 slid 3.4% while the Nasdaq Composite traded 3.7% lower. The major averages cut most of their initial losses, however, in...
Hong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns.
The Hang Seng Index added 0.56 percent, or 131.94 points, to close at 23,484.28.
The benchmark Shanghai Composite Index advanced 0.26 percent, or 7.29 points, to 2,772.20 but the Shenzhen Composite Index on China's second exchange slipped 0.46 percent, or 7.80 points, to 1,693.35.
Source : AFP