Gold prices firmed on Friday as the dollar weakened slightly after disappointing U.S. data indicated slowing economic momentum, supporting the U.S. Federal Reserve's 'patient' monetary policy approach.
Spot gold was little changed at $1,312.82 per ounce at 0009 GMT. It rose 0.5 percent in the previous session in its biggest intraday gain since Jan. 30.
U.S. gold futures were up 0.1 percent at $1,315 an ounce.
U.S. retail sales recorded their biggest drop in more than nine years in December...
Gold futures on Friday climbed firmly, as progress in trade talks in the final day of this week™s round of U.S.-China trade negotiations were seen as bullish for the yellow metal, overshadowing a firmer dollar and a pick up in global equity markets.
April gold gained $7.80, or 0.6%, to reach $1,321.70 an ounce, after edging less than 0.1% lower in the session before. Friday™s early gains erased a loss for the 5-day stretch, putting bullion on track to log a 0.2% weekly return, based on...
Gold edged higher to head for a weekly gain, but remains within its narrow range so far this month as investors await fresh developments in U.S.-China trade talks.
Spot gold +0.3% at $1,317.03/oz at 10:37am in London. +0.2% this week, the smallest weekly change since November. Metal has traded between $1,302.48/oz and $1,323.56 this month.
Treasury Secretary Steven Mnuchin sounded a positive note on Friday as U.S.-China trade talks drew to a close in Beijing, as both sides tried to reach a...
Gold futures finished at a two-week high on Friday to post a modest gain for the week as progress in trade talks between the U.S. and China was seen as bullish for the metal. China is one of the world's biggest buyers of gold.
April gold settled at $1,322.10 an ounce, up $8.20, or 0.6% for the session. For the week, prices based on the most-active contract rose 0.3%.
Source : Marketwatch
Japan™s Nikkei fell on Friday as bleak U.S. retail sales data dampened investor risk appetite and dragged down the broader market, with exporters and financial firms underperforming.
The Nikkei share average dropped 1.2 percent to 20,886.27 at the midday break, retreating from a two-month high of 21,235.62 hit on Thursday. For the week, the index has risen 2.7 percent so far.
Overall sentiment was hurt by a report from the U.S. Commerce Department showing retail sales in December suffered...