Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related buying spurred on by risks to the global economy.
The magnitude of the gains in the gold market Wednesday œwere somewhat disappointing given the 800-point decline in the Dow and an avalanche of dire forecast[s] for the U.S. economy, analysts at Zaner Metals said in daily commentary.
Gold for December delivery tacked on $3.40, or 0.2%, to...
Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global recession.
The Hang Seng Index rose 0.76 percent or 193.18 points to end at 25,495.46.
The benchmark Shanghai Composite Index gained 0.25 percent, or 6.89 points, to close at 2,815.80. The Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 0.53 percent, or 8.07 points higher, to 1,517.07.
Source : AFP
Gold edged lower early Thursday, pulling back from a more-than-six year high, as haven-related buying took a pause with stocks looking to take back some of the ground lost in the previous session's rout.
Gold for December delivery fell $5.60, or 0.4%, to $1,522.20 an ounce, while September silver was down 15 cents, or 0.9%, at $17.13 an ounce.
Gold weakened as stock-index futures rebounded from earlier losses, signaling Wall Street was set to attempt a bounceback from a Wednesday rout...
Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty.
Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT.
The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain.
U.S. gold futures rose 0.3% to $1,535.50 an ounce.
Data showing strong U.S. retail sales in July did not have an impact on the bond rally. Yields on 30-year paper hit an...
Oil futures ended lower Thursday for a second consecutive session, as U.S.-China trade tensions continue to feed worries about a global economic slowdown that could weigh on demand.
Prices for natural gas, meanwhile, settled sharply higher”at their highest month to date”on the back of a smaller-than-forecast weekly rise in U.S. supplies of the fuel, as warmer weather forecasts buoyed demand prospects for the fuel.
Against that backdrop, West Texas Intermediate crude for September...