Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index--lifted in a rising interest-rate environment--tapped its highest level since last summer.
August gold lost $4, or 0.3%, to settle at $1,270.50 an ounce. Prices finished at their lowest for a most-active contract since Dec. 20, according to FactSet data.
Around the metals complex, July silver rose 0.1% to $16.326 an ounce. Its Wednesday settlement at $16.309 was the...
Oil traded near $66 as OPEC and its allies reached a preliminary agreement despite strong opposition from Iran to boost production.
Oil has fluctuated in a narrow range this month as traders looked for signals on whether OPEC can come to an agreement to raise output, and if they do, how much that increase would be. OPEC and allies are now seeking to balance the interests of producers and consumers as U.S. President Donald Trump expressed his displeasure with high prices while Iran and...
Hong Kong stocks ended at a six-month low on Thursday, as China-U.S. trade conflict fears curbed risk appetite.
The Hang Seng index ended 1.4 percent lower at 29,296.05, while the China Enterprises Index closed lower by 1.2 percent at 11,364.66 points.
œSino-U.S. trade tensions could further escalate, said Gao Ting, Head of China Strategy, UBS Securities. œWhile the macro impact would likely be limited, the negotiation path is hard to predict, which could have a long-term negative...
Gold poised for second weekly drop as stronger dollar counters uncertainty surrounding global growth amid trade tensions between the U.S. and China.
Bullion for immediate delivery +0.1% to $1,268.45/oz at 9:24am in Singapore; -0.8% this week after -1.5% last week. Metal touched $1,261.50 on Thursday, lowest level since Dec. 20
Bloomberg Dollar Spot Index holds near highest since July 2017
In other precious metals : Silver +0.2% to $16.3522/oz to pare 2nd weekly...
Stocks ended lower Thursday, with the Dow Jones Industrial Average stretching its losing streak to eight days as fears of a global trade war continued to weigh on investors.
The Dow ended around 195 points lower near 24,463, a decline of 0.8%, according to preliminary figures. The string of losses matches a streak that ended in March 2017. The S&P 500 fell 0.6%, while the Nasdaq Composite lost 0.9%.
Source : Marketwatch