Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.
June gold on Comex was off $9.50, or 0.7%, at $1,276.70 an ounce. Prices were headed for the lowest most-active contract finish since May 2, according to FactSet data. Declines leave the metal headed for a roughly 0.8% loss for the week.
Among other metals, July silver declined 14.4 cents, or 1%, to $14.395 an ounce. The silver market was looking at a...
Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United States.
The Hang Seng Index fell 1.16 percent, or 328.61 points, to 27,946.46.
The benchmark Shanghai Composite Index tumbled 2.48 percent, or 73.41 points, to 2,882.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 3.26 percent, or 51.59 points, to 1,533.22.
Source : AFP
Stock-index futures point to a lower start for Wall Street Friday after Chinese state media indicated little appetite by Beijing to resume trade talks following Trump administration™s move to raise tariffs on Chinese imports and to target tech giant Huawei.
The Dow Jones Industrial Average fell 160 points, or 0.6% to 25,712, while the S&P 500 index lost 17.52 points, or 0.6%, to 2,859. The Nasdaq Composite Index meanwhile, declined 58 points, or 0.7% to 7,841.
On Thursday, the Dow rallied...
The U.S. dollar neared a two-year high on Friday as the White House delayed auto tariffs, while trade tensions with China increased demand for safe-haven assets amid an equity selloff.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, was up 0.1% to 97.787 as of 10:16 AM ET (14:16 GMT).
The White House confirmed that it is delaying tariffs on European cars by six months to allow for more time to negotiate a deal with the bloc.
Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions.
The price moves come ahead of a meeting Sunday of the Joint Ministerial Monitoring Committee of members and nonmembers of the Organization of the Petroleum Exporting Countries in Jeddah, Saudi Arabia. The committee monitors compliance with the OPEC-led...