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. Source: Marketwatch
Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...
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...
Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. Rising infections in the U.S. and Asia have supported havens like gold this week, even as the dollar firmed. Gold investors are also weighing mixed signs about the health of the U.S. labor market after data showed fewer Americans applied for unemployment benefits, while Wells Fargo &...
Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel, and U.S. oil fell 51 cents, or 1.3%, to $39.11 a barrel. Brent was set for a weekly decline of almost 2% and U.S. crude for a fall of almost 4%. More than 60,500 new COVID-19 cases were reported in the United States...
U.S. stocks fell slightly on Thursday as investors digested mixed headlines on the progress of trade negotiations, with reports saying that China had invited American negotiators to Beijing for face-to-face talks, even though the U.S. Congress passed a bill supporting protesters in Hong Kong late Wednesday.
The Dow Jones Industrial Average fell 67 points, or 0.2%, to 27,754. The S&P 500 was down 7 points, or 0.2%, to 3,102. The Nasdaq Composite retreated 22 points, or 0.3%, to 8,505.
On Wednesday, the Dow Industrials fell 112.93 points, or 0.4%, to close at 27,821, while the S&P 500 lost 0.4% to end at 3,108.46. The Nasdaq Composite, which briefly traded above the neutral line in the late morning, closed 0.5% lower at 8,526.73.
Source : Marketwatch
Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according...
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 ...
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 point...
European markets closed higher Friday as data showed French and Italian industry output rebounding more strongly than expected in May. The pan-European Stoxx 600 provisionally closed up by 0.8%, auto...
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 ...
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. Source: Marketwatch
Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...
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...
Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in coronavirus cases hurting the global economy. Rising infections in the U.S. and Asia have supported havens like gold this week, even as the dollar firmed. Gold investors are also weighing mixed signs about the health of the U.S. labor market after data showed fewer Americans applied for unemployment benefits, while Wells Fargo &...
Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel, and U.S. oil fell 51 cents, or 1.3%, to $39.11 a barrel. Brent was set for a weekly decline of almost 2% and U.S. crude for a fall of almost 4%. More than 60,500 new COVID-19 cases were reported in the United States...