Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal.
President Donald Trump announced further sanctions on Iran. "The confrontation with Iran [is] still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend." Trump also said Friday that he didn™t need a trade deal with China before the 2020...
Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months.
As the Saudis reveal the extent of damages from the attacks on oil facilities last weekend, "the market mood has shifted to questioning how quickly production can be restored," Manish Raj, chief financial officer at exploration and production firm Velandera Energy Partners, told MarketWatch. "We are familiar with the repair and maintenance processes in oilfield services, and...
Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.
The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the S&P 500 lost 15.08 points, or 0.50%, to 2,991.71 and the Nasdaq Composite dropped 65.21 points, or 0.8%, to 8,117.67.
Source : Reuters
Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy.
The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67.
The benchmark Shanghai Composite Index gained 0.24 percent, or 7.17 points, to 3,006.45 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.16 percent, or 2.72 points, to 1,675.35.
Source : AFP
U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept the S&P 500 within 1% of a record high.
China cut its new one-year benchmark lending rate for the second month in a row, days after the Federal Reserve and the European Central Bank reduced borrowing costs and left the door open for further monetary stimulus.
The S&P 500 and Nasdaq were set to end the week little changed after a rough...