Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market.
For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD.
June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...
Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy.
The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11.
The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...
European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis.
The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%.
Friday saw a slew of harrowing March PMI (purchasing managers' index) data out of the euro zone, as the economic impact of shutdowns necessitated by the pandemic continues to deepen.
The number of...
Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus.
The Labor Department's report confirmed that a recession was underway as business activity came to a standstill, but investors fear it did not reflect the full extent of the economic pain as the survey considered data until mid-March.
With the S&P...
The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases.
The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States.
The worldwide death toll stands at 51,500. Italy reported the most fatalities with more than 13,000 and climbing daily.
Around the globe, the impact of the coronavirus wreaked havoc on national and local governments trying to rush medical equipment to hospitals, along with workers who have been...