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...
Gold futures edged lower Friday but were on track for a weekly win after seeing renewed haven demand as trade-war worries rose.
Gold for June delivery on Comex fell $2.40, or 0.2%, to $1,283 an ounce, while July silver was off 6.8 cents, or 0.5%, at $14.545 an ounce. Gold is on track for a 0.6% weekly rise, after a Thursday rally, while July silver is up 1.2% for the week. Both metals are nursing month-to-date declines, however, with gold off 0.2% and silver down 2.9%.
Source : Market Watch