Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal.
Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on Thursday.
Gold for February delivery on Comex declined by $3.50, or 0.2%, to settle at $1,550.50 an...
Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December.
The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospects for U.S. energy demand.
February West Texas Intermediate oil tacked on 71 cents, or 1.2%, to settle at $58.52 barrel on the New York Mercantile Exchange.
Hong Kong stocks closed Thursday on a positive note, having fluctuated through the day after China and the United States finally signed their trade deal, with investors poring over the details.
The Hang Seng index added 0.38 percent, or 109.45 points, to close at 28,883.04.
The benchmark Shanghai Composite Index lost 0.52 percent, or 15.96 points, to 3,074.08 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.15 percent, or 2.64 points, to...
Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite.
World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence.
Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...
Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...