Tokyo stocks opened lower on Friday on worries over the US-China trade war as bellicose rhetoric persisted between Washington and Beijing, pushing the safe-haven yen higher against the dollar.
The benchmark Nikkei 225 index lost 0.94 percent, or 199.04 points, to 20,952.10 in early trade, while the broader Topix Index was down 0.86 percent or 13.26 points at 1,527.32.
Gold futures edged lower Friday, pulling back from the one-week high they settled at a day earlier. Prices for the haven metal, however, ended the week higher against backdrop of worries surrounding the U.S.-China trade standoff and political uncertainty in the U.K. Prime Minister Theresa May announced her decision Friday to step down.
June gold fell $1.80, or 0.1%, to settle at $1,283.60 an ounce on Comex. For the week, prices gained 0.6%, according to FactSet data.
Source : MarketWatch
Gold held much of Thursday™s gain, heading for a weekly advance, as escalating trade tensions between the U.S. and China damped the outlook for growth.
Spot gold -0.1% at $1,281.60/oz in London; after +0.8% Thursday. Price +0.3% this week. Bloomberg Dollar Spot Index flat.
Global stocks retreated for a third week and yields on 10-year Treasuries are near the lowest since 2017, helping to support the precious metal. Still, bullion has been pressured by a stronger...
Gold headed for a weekly gain as escalating trade tensions between the U.S. and China damped the outlook for growth, with yields on 10-year Treasuries steadying after slumping to the lowest since 2017.
Spot gold steady at $1,283.26/oz at 8:55am in Singapore; after +0.8% Thursday. Price +0.5% this week. Bloomberg Dollar Spot Index +0.1%. Yield on 10-year Treasuries at 2.33% after -6 bps Thursday
Other precious metals: Spot silver little changed; +1.4% this week to...
The dollar held steady on Friday, having come off two-year highs on lower U.S. yields in the previous session amid fears that a trade war with China will hurt the U.S. economy more than previously thought.
The greenback was not helped by rising expectations for an interest rate cut by the U.S. Federal Reserve later this year to help boost the world™s biggest economy.
Against a basket of key rival currencies, the dollar was largely unchanged at 97.906, having fallen from a two-year high of...