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Dow Futures Surge Over 100 Points

U.S. stock futures climbed Friday, building on gains in the prior session amid signs of an increased appetite for perceived riskier assets such as equities. Dow futures rose 160 points, or 0.7%, to 25,175, while S&P 500 futures gained 14.5 points, or 0.5%, to 2,726. Nasdaq 100 futures rose 32.50 points, or 0.5%, to 6,820.50. The Dow and S&P 500 closed higher on Thursday, inspired by upbeat labor-market data and after St. Louis Federal Reserve President James Bullard tried to cool...

Asian Shares Advance as Japan Stocks Break Three-Day Decline

Asian equities rose, set for a second week of gains, as Japanese shares halted a three-day losing streak and South Korean stocks advanced the most in more than four months. Shares in Hong Kong rebounded from the worst loss in almost two weeks. The MSCI Asia Pacific Index added 1 percent to 177.76 as of 4:18 p.m. in Hong Kong, erasing a weekly decline as energy stocks led the advance. Jitters over the outlook for equities abated as investors digested the prospect of higher...

Hong Kong Stocks Rise as Sentiment Recovers After Recent Rout

Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. The Hang Seng index rose 1.0 percent, to 31,267.17, while the China Enterprises Index gained 1.7 percent, to 12,735.06. The sub-index of the Hang Seng tracking energy shares rose 2.2 percent, while the IT sector rose 1.32 percent, the financial sector was 0.91 percent higher and the property sector rose 1.47 percent. The top gainer on...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has his office, on Feb. 12. It says the substance "was tested and confirmed as non-suspicious." The force said Thursday that detectives are investigating an offense of malicious communication in relation to the package. The Evening Standard newspaper...

Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580 an ounce. The silver-focused exchange-traded iShares Silver Trust and the gold ETF, the SPDR Gold Shares both eased in premarket action. Gold futures head toward a weekly retreat of roughly 1.8%, according to FactSet, a move largely set in motion...

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Gold Market Could See Quiet Start This Week Ahead of FOMC And Employment Data
Monday, 29 January 2018 11:47 WIB | GOLD CORNER |Gold OutlookGold Corner

While gold prices are off their 1.5-year highs seen mid-week, the market is still holding on to strong gains and many analysts have said that they still see the potential for higher prices, even if there is a modest consolidation period.

The gold market ended the week in positive territory as it hovers around the critical psychological level.

On Friday, February gold futures settled at $1,352.10 an ounce, up more than 1% since previous Friday. In total, the gold market has seen six weekly positive closes in seven as prices are up 9% since the mid-December lows.

Next week will be busy with major economic events including the Federal Reserve™s first monetary policy meeting of the year, which is also Fed Chair Janet Yellen™s last meeting, and employment data from January.

However, commodity analysts say that they will continue to monitor gold™s relationship against the U.S. dollar as President Donald Trump™s administration creates volatility in currency markets.

Source: Kitco News

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POPULAR NEWS
Dow Futures Surge Over 100 Points

U.S. stock futures climbed Friday, building on gains in the prior session amid signs of an increased appetite for perceived riskier assets such as equities. Dow futures rose 160 points, or 0.7%, to 25,175, while S&P 500 futures gained 14.5 points, or 0.5%, to 2,726. Nasdaq 100 futures rose 32.50 points, or 0.5%, to 6,820.50. The Dow and S&P 500 closed higher on Thursday, inspired by upbeat labor-market data and after St. Louis Federal Reserve President James Bullard tried to cool...

Asian Shares Advance as Japan Stocks Break Three-Day Decline

Asian equities rose, set for a second week of gains, as Japanese shares halted a three-day losing streak and South Korean stocks advanced the most in more than four months. Shares in Hong Kong rebounded from the worst loss in almost two weeks. The MSCI Asia Pacific Index added 1 percent to 177.76 as of 4:18 p.m. in Hong Kong, erasing a weekly decline as energy stocks led the advance. Jitters over the outlook for equities abated as investors digested the prospect of higher...

Hong Kong Stocks Rise as Sentiment Recovers After Recent Rout

Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. The Hang Seng index rose 1.0 percent, to 31,267.17, while the China Enterprises Index gained 1.7 percent, to 12,735.06. The sub-index of the Hang Seng tracking energy shares rose 2.2 percent, while the IT sector rose 1.32 percent, the financial sector was 0.91 percent higher and the property sector rose 1.47 percent. The top gainer on...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has his office, on Feb. 12. It says the substance "was tested and confirmed as non-suspicious." The force said Thursday that detectives are investigating an offense of malicious communication in relation to the package. The Evening Standard newspaper...

Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580 an ounce. The silver-focused exchange-traded iShares Silver Trust and the gold ETF, the SPDR Gold Shares both eased in premarket action. Gold futures head toward a weekly retreat of roughly 1.8%, according to FactSet, a move largely set in motion...

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