Gold heads for first gain in four weeks as dollar retreats amid signs that concerns over trade tensions are easing, while Goldman Sachs Group Inc. sees prices increasing in coming months.
Bullion for immediate delivery +0.2% to $1,209.06/oz by 6:50am in London; +1.2% this week
Bloomberg Dollar Spot Index flat; heads for 2nd weekly decline
In other precious metals: Silver +0.5% to $14.3937/oz; +2.4% this week. Platinum +5.2% this week, set for best gain since...
Oil prices fell on Thursday after U.S. President Donald Trump, in a tweet, called on the Organization of the Petroleum Exporting Countries to lower crude prices.
"The U.S. is keen to avoid the fallout from Iran sanctions," said Fiona Cincotta, senior market analyst at City Index. U.S. representatives have in separate negotiations asked the two of the largest producers, Saudi Arabia and Russia, "to keep production levels up in order to avoid a spike in prices," she said.
October West Texas...
U.S. stocks closed higher Thursday, with both the Dow Jones Industrial Average and the S&P 500 setting records, as strong economic data helped to alleviate concerns over escalating U.S.-China trade tensions. Blue chips helped to fuel the rally, with all but two of the Dow™s 30 components finishing in positive territory.
The Dow gained 251.22 points, or 1%, to 26,656, hitting a record for the first time since January. The S&P advanced 22.80 points, or 0.8%, to 2,930.75, notching its...
Hong Kong stocks edged up Thursday on lingering hopes China and the United States will eventually reach an agreement to avert an all-out trade war.
The Hang Seng Index rose 0.26 percent, or 70.30 points, to close at 27,477.67.
But the benchmark Shanghai Composite Index slipped 0.06 percent, or 1.61 points, to 2,729.24, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.22 percent, or 3.20 points, to 1,420.02.
Source : AFP
Tokyo stocks opened higher on Friday, extending rallies in New York as investors shrugged off trade war worries and focused on positive economic data.
The benchmark Nikkei 225 index was up 0.62 percent, or 146.60 points, at 23,821.53 while the broader Topix index was up 0.58 percent, or 10.31 points, at 1,797.91.
Sumber : AFP