Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.
June gold on Comex was off $9.50, or 0.7%, at $1,276.70 an ounce. Prices were headed for the lowest most-active contract finish since May 2, according to FactSet data. Declines leave the metal headed for a roughly 0.8% loss for the week.
Among other metals, July silver declined 14.4 cents, or 1%, to $14.395 an ounce. The silver market was looking at a...
Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United States.
The Hang Seng Index fell 1.16 percent, or 328.61 points, to 27,946.46.
The benchmark Shanghai Composite Index tumbled 2.48 percent, or 73.41 points, to 2,882.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 3.26 percent, or 51.59 points, to 1,533.22.
Source : AFP
Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions.
The price moves come ahead of a meeting Sunday of the Joint Ministerial Monitoring Committee of members and nonmembers of the Organization of the Petroleum Exporting Countries in Jeddah, Saudi Arabia. The committee monitors compliance with the OPEC-led...
A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing.
Observers say that as China™s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald Trump recently imposed, the country™s job markets will be tighter for everyone including fresh graduates.
And the impact of a job mismatch among college graduates has long weighed on their actual...
Stocks ended lower Friday, with major benchmarks logging weekly losses, as worries remained over U.S.-China trade tensions.
The S&P 500 fell 0.6% to end near 2,859, according to preliminary figures, while the Dow Jones Industrial Average shed around 99 points, or 0.4%, to finish near 25,763. The Nasdaq Composite fell 1% to close near 7,816. For the week, the S&P 500 lost 0.8%, while the Dow declined 0.7% and the Nasdaq fell 1.3%.
Stocks sold off sharply on Monday as China announced...