Oil held losses as Iraq sought to revive output from fields in the country™s northern Kurdish regions and as U.S. fuel inventories increased.
Futures added 0.2 percent in New York after dropping 1.4 percent Thursday. Iraq engineers worked to replace equipment missing from oil fields in the disputed Kirkuk province that government troops recaptured this week from Kurdish forces, a person with knowledge of the situation said. U.S. gasoline stockpiles rose for a fourth week...
Gold heads for fifth weekly decline in six, with U.S. stocks at record levels and investors weighing monetary policy implications of a new chair of U.S. Federal Reserve.
Bullion for immediate delivery -0.3% to $1,285.92/oz at 9:40am in Singapore, according to Bloomberg generic pricing
Price -1.4% this week
S&P 500 Index eked out gain to finish at fresh all-time high
Bloomberg Dollar Spot Index +0.3% this week
Yield on 10-year Treasuries steady at...
Tokyo stocks opened lower Friday on profit-taking after the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped as it unveiled plans to suspend production amid an inspection scandal.
The Nikkei 225 fell 0.32 percent, or 67.72 points, to 21,380.80 in early trade, while the broader Topix index lost 0.36 percent, or 6.19 points, to 1,723.85.
U.S. benchmark stock indexes all rose on Friday to close at record levels after the Senate adopted a federal budget for next year, a key step on the road to tax cuts.
The Dow Jones Industrial Average advanced 164 points to 23326, and was up 2.0% for the week. The Nasdaq Composite Index gained 24 points at 6629. The S&P 500 was up 13 points to 2575, and 0.9% for the week.
The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight...
The gold selloff resumed on Friday, with the metal set to suffer its worst weekly performance in a month as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint.
Gold for December delivery lost $7.10, or 0.6%, to $1,282.90 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.7% weekly drop. That would mark the worst week since Sept. 22, according to FactSet data.
Silver for December lost 0.3% to $17.20 an ounce, putting it on...