Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment.
August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data.
Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.
August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...
Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures.
The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41.
The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...
Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases.
The Dow Jones Industrial Average traded 200 points higher, or 0.8%. The S&P 500 climbed 0.4%. The Nasdaq Composite lagged, trading just below the flatline.
Gilead Sciences said its coronavirus treatment candidate, remdesivir, œwas associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality...
U.S. stocks opened modestly higher Friday, buoyed by encouraging news about a coronavirus treatment.
The Dow Jones Industrial Average rose 14 points, 0.1%, to open near 25,720, while the S&P 500 was up less than a point, trading near 3,153. The tech-heavy Nasdaq Composite was less than one point higher, near 10,549.
Gilead Sciences Inc. said in a report published Friday that its antiviral drug remdesivir reduced the risk of death for coronavirus patients by 62% compared with standard...