Gold is set for a third weekly drop, the worst run in five months, as investors weigh goodwill measures on trade from China and the U.S. against fresh stimulus from the European Central Bank and prospects for another U.S. rate cut next week. Palladium fell after hitting a record Thursday.
Spot gold little changed at $1,499.41/oz at 7:13am in London; -0.5% this week. Bloomberg Dollar Spot Index -0.1%.
Trump administration officials have discussed offering a...
Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb.
Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August.
December gold on Comex lost $7.90, or 0.5%,...
U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day.
The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177.
The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...
Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week.
The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69.
Source : AFP
U.S. stocks were mostlly higher as the rotation from growth to value shares carried on. Treasury yields climbed and the dollar slipped.
Shares globally are headed for a third weekly gain thanks to easing trade fears and a new round of central bank stimulus. Higher-than-forecast U.S. retail sales in August added to the optimism. The Stoxx Europe 600 rose a fourth day led by banks and miners.
The S&P 500 Index rose 0.1% to 3,012.34 as of 11:35 a.m. New York time, the highest in more than...