Gold futures notched a modest gain on Monday, after a drop late last week that took the commodity to the lowest close of 2018, as trade tensions elevated global uncertainty, providing support for bullion prices.
August gold rose $1.60, or 0.1%, to settle at $1,280.10 an ounce, after booking the lowest settlement since December and producing a roughly 1.9% weekly decline on Friday.
Source : Marketwatch
Gold steadies, after tumbling Friday on divergence in interest rate outlook in major economies.
Bullion for immediate delivery +0.2% to $1,281.63/oz as of 9:54am in Tokyo; metal slid as much as 2.1% on Friday to low for year.
Bloomberg Dollar Spot Index +0.1% after +1.4% last week, most since Nov. 2016, as Federal Reserve says it will continue gradually hiking rates while ECB rules out higher rates until 2H of 2019.
Speculators choose to focus on surging dollar over...
U.S. stock futures lost ground Monday, putting the Dow industrials on track for a fifth losing session in a row as trade-war fears continued to weigh on global markets.
Dow Jones Industrial Average futures gave up 147 points, or 0.6%, to 24,962, while S&P 500 futures shed 13.40 points, or 0.5%, to 2,771. Nasdaq-100 futures fell by 41.50 points, or 0.6%, to 7,240.
Markets remain fixated on how trade-related disagreements between the U.S. and China are escalating. President Donald Trump on...
A strong earthquake near Osaka, Japan, early Monday morning killed at least three people and injured at least 41, the Associated Press reported, citing local authorities. The 6.1-magnitude quake hit around 8 a.m., causing moderate damage, though some building were reported to be partially collapsed. No tsunami warning was issued. The Japan Times reported that nearby nuclear plants were undamaged, but bullet train lines and some freeways were shut down as a precaution, and nearly 180,000...
Gold futures edged higher early Monday, aiming for a rebound from a drop that took the commodity to the lowest close of 2018, as U.S. government bond rates retreated and as trade tensions elevated global uncertainty, providing support for bullion prices.
August gold picked up $4.90, or 0.4%, to $1,283.40 an ounce, after booking the lowest settlement since December and producing a roughly 1.9% weekly decline on Friday.
Benchmark Treasury rates were retreating. The 10-year Treasury note yield,...