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...
U.S. stocks rose in afternoon trading on Friday, in a partial rebound from a lengthy spat of trade-related weakness, though major indexes remained on track for weekly declines.
Energy stocks were by far the biggest gainers of the day, with the group surging after OPEC reached a deal to boost output, though not by as much as some had expected.
The Dow Jones Industrial Average rose 125 points, or 0.5%, to 24,586. The blue-chip average is coming off an eight-day losing streak, its longest such...
Gold gains, paring second weekly drop. Bullion's still trading near lowest this year, while dollar is close to highest since July on fears trade tensions between U.S. and China will escalate, hurting growth. Platinum slumps to lowest in more than two years.
Bullion for immediate delivery strengthened 0.2% at $1,269.05/oz by 11:07am in London; it lost 0.8% this week. This metal touched $1,261.50 on Thurs, lowest since Dec. 20. Bloomberg Dollar Spot Index weakened...
The gold market saw a small uptick after the release of preliminary manufacturing and service-sector sentiment data.
Gold prices edged up following the release of the PMI data, with August Comex gold futures last at $1,271.20, up 0.06% on the day.
The flash U.S. manufacturing Purchasing Managers Index for June expanded at a slower pace, coming in at 54.6 in comparison to May's 56.4, research firm IHS Markit said in its latest report. The monthly figure came in short of market projections,...
Hong Kong stocks finished the morning session in negative territory Friday following a sell-off on Wall Street owing to ongoing trade war fears.
The Hang Seng Index fell 0.27 percent, or 78.77 points, to 29,217.28.
Source : AFP