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
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
Wall Street's major indexes edged higher on Friday in a rebound from the previous session's losses after hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.
The Dow Jones Industrial Average rose 98.14 points, or 0.39%, to 25,588.61, the S&P 500 gained 4.14 points, or 0.15%, to 2,826.38 and the Nasdaq Composite added 8.73 points, or 0.11%, to 7,637.01.
Source : Reuters
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...