Gold headed for the first weekly gain in three as investors sought haven assets amid uncertainty surrounding the political situation in the U.K. and the U.S.-China trade war. Palladium slipped after surging to a record on Thursday.
Bullion for immediate delivery strengthened 0.1% to $1,214.43/oz at 7:55am in London; added 0.4% this week. Bloomberg Dollar Spot Index edged 0.1% lower. The yield on 10-year Treasuries at 3.11%.
British Prime Minister...
Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union, while palladium held near a record high, putting it close to the price of bullion.
The surge in palladium, used as an emissions-reducing auto catalyst for vehicles, reflected speculative buying driven by expectations of increased demand in a tight market, analysts said.
Spot gold was up 0.2 percent at $1,215.33 per ounce by 1126 GMT, having touched...
U.S. equity indexes fluctuated as a plunge in retail and technology stocks was partly offset by energy and utility gains. Treasuries climbed and the dollar retreated.
The S&P 500 Index fell 0.2 percent as of 11:46 a.m. New York time.The S&P 500 Index turned lower as department-store chain Nordstrom Inc. declined on disappointing results, following letdowns from Macy™s Inc. and Dillard™s Inc. At the same time, California utilities PG&E Corp. and Edison International began to...
U.S. stock index futures indicated a slightly lower open Friday morning as investors look ahead to fresh economic data and monitor political developments overseas.
At around 4:00 a.m. ET, Dow futures were down 37 points, indicating a slightly lower open of 18.27 points. The Nasdaq and S&P futures also pointed to slightly lower opening trades.
In the previous session, major stock indexes snapped multi-day losing streaks as J.P. Morgan Chase led banks higher and iPhone maker Apple...
Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil prices.
The Hang Seng Index rose 0.31 percent, or 80.19 points, to close at 26,183.53.
The benchmark Shanghai Composite Index closed 0.41 percent, or 10.94 points higher at 2,679.11, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.84 percent, or 11.78 points, to finish at 1,410.18.
Source : AFP