Gold futures posted a modest decline on Thursday, to tally a loss of 1.5% for the week. "U.S. dollar strength, enhanced not only by economic data but release of the Mueller report is going to keep a lid on gold in the short term," said Jeff Wright, executive vice president of GoldMining Inc.
June gold lost 80 cents, or less than 0.1%, to settle at $1,276 an ounce on Comex. That was the lowest finish for a most-active contract since Dec. 26, according to FactSet data. Gold trading will be...
The 6.1 magnitude earthquake hit the eastern coast of Taiwan late Thursday, according to the country's Central Weather Bureau. Television footage of landslides in one area, but no one reported on land or mountains.
The bureau said the earthquake occurred at one minute after 1 pm, with the epicenter about 10 kilometers northwest of the city of the eastern coast of Hualien. The Depth earthquake was 10 kilometers, according to the United States Geological Survey.
The quake shook buildings in...
The U.S dollar jumped against its rivals on Thursday as mostly upbeat economic data pointed to strength in the underlying economy
The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.50% to 97.14.
The U.S. Department of Labor reported Thursday that initial jobless claims dropped by 13,000 to a seasonally adjusted 192,000 for the week ended April 14, beating economists™ forecast for a rise to 205,000.
EUR/USD fell 0.57% to...
Tokyo stocks opened marginally higher on Thursday with help from a cheaper yen, but investors were cautious ahead of Easter holidays on overseas markets.
The benchmark Nikkei 225 index was up 0.05 percent or 11.42 points at 22,289.39, while the broader Topix index climbed 0.09 percent or 1.48 points at 1,632.16.
Gold headed for the longest run of weekly declines in eight months amid speculation the U.S. and China are nearing a trade deal and as data eased concern over slowing global growth, hurting demand for havens.
Spot gold as much as -0.2% to $1,271.94/oz, lowest since Dec. 27, and trades at $1,272.50 at 10:01am in Singapore.
Metal -1.4% this week, poised for fourth straight week of losses.
Other precious metals: Spot silver -0.1%. Platinum -0.2%....