Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday™s market, letting prices dip, with few leads to chase, ahead of a weekend parliament vote on the U.K. bid to leave the EU.
After early gains in the day on the prospects that Britain™s Brexit hopes and U.S.-China trade deal aspirations will be dashed again, gold dipped in later hours on signs that fewer central banks around the world might ramp up on another round of...
Shares in Hong Kong and Shanghai sank on Friday after data showed China's economy growing at its slowest pace for almost 30 years.
The Hang Seng Index fell 0.48 percent, or 128.91 points, to 26,719.58.
The benchmark Shanghai Composite Index fell 1.32 percent, or 39.19 points, to 2,938.14, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.17 percent, or 19.20 points, to 1,616.72.
U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion's share of the pain for the Dow industrials.
The Dow closed off 255 points, or 0.9%, at 26,770. Dow components Boeing cut about 170 points from the price-weighted average, while J&J and shares exacted a 57-point toll on the index. The S&P 500 index closed 0.4% lower at 2,986, while the Nasdaq Composite Index ended 0.8% lower at 8,090.
Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report revealed a fifth consecutive weekly rise in U.S. crude inventories.
However, support tied to progress toward deals on U.S.-China trade and Brexit, as well as a weekly fall in U.S. petroleum-product inventories limited losses for prices.
China's National Bureau of Statistics released data Friday...