Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal's appeal to investors.
Prices still logged their highest settlement since last Friday. For the week, they fell by 0.1%, with the haven metal failing to get a significant boost on the back of tensions in the Middle East and Hong Kong. "The fact that gold has managed to trade over $1,340 is a positive sign for next week," said Chintan Karnani, chief market analyst at Insignia...
Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level.
Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session.
Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an...
U.S. Secretary of State Mike Pompeo is blaming Iran for Thursday's attacks on two oil tankers in the Gulf of Oman, off the Iranian coast.
One of the tankers was set on fire and sent up smoke thick and black enough to be seen by satellites in space.
Pompeo said the U.S. based its determination that Iran was behind the attacks on intelligence, the weapons used, and what he called the "level of expertise" needed to carry out such an operation.
The secretary noted that Iran was behind other...
Oil prices struggled for direction on Friday, but headed for a weekly decline as fresh signs of expectations for weak demand and a forecast for strong supply growth next year more than offset the tension caused by suspected attacks on tankers off the coast of Iran.
New York-traded West Texas Intermediate crude futures fell 19 cents, or 0.4%, to $52.09 a barrel by 8:15 AM ET (12:15 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S. edged forward 7 cents, or 0.1%, to...
U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump's trade war crystallized in slashed sales forecast from chipmaker Broadcom.
The Dow Jones Industrial Average fell 30.41 points, or 0.12%, at the open to 26,076.36. The S&P 500 opened lower by 4.82 points, or 0.17%, at 2,886.82. The Nasdaq Composite dropped 29.94 points, or 0.38%, to 7,807.19 at the opening bell.
Source : Reuters