Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy.
The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018.
Some commodity strategists say the precious...
The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday.
Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday.
India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...
Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates.
Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday.
U.S. stores and factories reported a pickup in activity...
Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investor eyes on the US-China trade war and key central bank meetings this week.
The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74.
Source : AFP
Japanese share prices ticked up on Monday, erasing initial losses, after Hong Kong shares gained after Hong Kong™s leader indefinitely delayed an unpopular extradition bill that would allow citizens to be sent to mainland China for trial.
Still, uncertainties over the global economy, U.S.-China trade frictions and the U.S. Federal Reserve™s policy stance kept many investors on sidelines.
Japan™s Nikkei share average rose 0.11% to 21,140 but the broader Topix was down 0.24% at...