Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal.
December gold climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record on expectations for much stronger demand. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd.
December palladium added $17.20, or 1.5%, to finish at...
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...
European markets struggled Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.™s Brexit deal again hit top banks, and chip makers were dented after Nvidia Corp. warned on weaker sales ahead.
The Stoxx Europe 600 closed 0.2% lower at 357.71, bringing the week™s losses to 2.2%.
The French CAC 40 ended down 0.2% at 5,025.20, with a weekly slip of 1.6%, while Germany™s DAX 30 wrapped up the day off 0.1% at 11,341. The U.K.™s FTSE 100 dipped 0.3% to...
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.
U.S. oil futures settled unchanged on Friday, but posted a loss of 6.2% for the week, their sixth weekly loss in a row.
Talk of reductions in crude output among major producers have only helped to temper price pressures from concerns about a potential global supply glut and a slowdown in energy demand. December West Texas Intermediate oil ended unchanged at $56.46 a barrel on the New York Mercantile Exchange.
Source : Marketwatch