Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs that the U.S. Federal Reserve could raise interest rates again this year kept prices below a 10-month high hit earlier this week.
Spot gold had risen 0.2 percent to $1,325.52 per ounce as of 0548 GMT. The metal was headed for a second straight weekly rise, up almost 0.4 percent this week.
U.S. gold futures were subdued at $1,328.1 per ounce.
The dollar index against a basket of six major...
Gold futures settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal's largest one-day drop since August.
April gold finished up $5, or 0.4%, at $1,332.80 an ounce, which helped it produce a weekly gain of 0.8%, according to FactSet data. The advance for the metal and the broader commodity complex has come amid apparent progress in talks between the U.S. and major natural resource importer China. Meanwhile, the dollar, as...
Gold inched higher after posting the biggest decline in three months as investors awaited any signs of progress from trade talks between the U.S. and China.
Spot gold +0.1% to $1,325.46/oz at 7:37am in London. Prices -1.1% on Thursday, biggest drop since Nov. 9. Metal still heads for 4th weekly gain in five after hitting 10-month high on Wednesday. Bloomberg Dollar Spot Index little changed; -0.2% this week.
Other precious metals: Silver +0.3%. Platinum +1.1% to...
U.S. Secretary of State Mike Pompeo contended Thursday that an American-born woman who defected to the Islamic State terrorist group is not a U.S. citizen and should not be allowed to return home from Syria because her father was a Yemeni diplomat.
President Donald Trump said he ordered Pompeo to not let the woman, Hoda Muthana, return to the U.S., even though her lawyer says she is willing to face U.S. prosecution for willingly going to Syria and using social media to praise the killings of...
The Shanghai Composite Index rose 1.9 percent at 2,804.23 in Shanghai. The index advanced to the highest closing level since Sept. 28 after the previous session's decrease of 0.3 percent.
China Life Insurance Co. contributed the most to the index gain, increasing 6.2 percent. Zhejiang Huge Leaf Co. had the largest increase, rising 10.2 percent.
Today, 1,346 of 1,501 shares rose, while 131 fell.
Source : Bloomberg