Gold futures edged lower Friday, pulling back from the one-week high they settled at a day earlier. Prices for the haven metal, however, ended the week higher against backdrop of worries surrounding the U.S.-China trade standoff and political uncertainty in the U.K. Prime Minister Theresa May announced her decision Friday to step down.
June gold fell $1.80, or 0.1%, to settle at $1,283.60 an ounce on Comex. For the week, prices gained 0.6%, according to FactSet data.
Source : MarketWatch
The U.S. dollar slipped on Friday as traders digested the impact of see-saw trade headlines on the stronger greenback.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.1% to 97.593 by 10:14 AM ET (14:14 GMT).
U.S. manufacturing activity on Thursday hit its lowest level in almost a decade in May, which could mean the U.S. economy is slowing down.
Trade tensions eased Friday after U.S. President Donald Trump said that a deal...
Shares finished Friday with a slight gain, bringing another tough week to a close but investors remain on edge owing to rising China-US tensions.
The Hang Seng Index rose 0.32 percent, or 86.80 points, to 27,353.93.
The benchmark Shanghai Composite Index was barely moved, inching up 0.48 points to 2,852.99, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.49 percent, or 7.34 points, to 1,496.03.
Source : AFP
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon.
Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal. However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.
The positive news came after a slump in markets on Thursday. The S&P 500 index is...
U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date.
Traders continued to gauge the risk of an energy demand slowdown as the U.S. and China continue to grapple with their dispute on trade. "There was a violent repricing of risk on Thursday after the rather disappointing global Flash PMIs discounted the argument that solid growth...