Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.
June gold on Comex was off $9.50, or 0.7%, at $1,276.70 an ounce. Prices were headed for the lowest most-active contract finish since May 2, according to FactSet data. Declines leave the metal headed for a roughly 0.8% loss for the week.
Among other metals, July silver declined 14.4 cents, or 1%, to $14.395 an ounce. The silver market was looking at a...
The British pound was hovering just above a four-month low early Friday in Europe, as fears about Brexit returned to haunt the currency after a month of relative calm.
At 03:00 AM ET (07:00 GMT), sterling was at $1.2786, and had fallen to 1.1432 against the euro, on concerns that the U.K. may yet leave the EU without any sort of arrangements in place to cushion the transition.
The pound slipped after Theresa May told party colleagues she would set a timetable for her departure next month,...
Gold held recent declines as improved U.S. economic data boosted the dollar, leaving bullion little changed for the week despite ongoing trade concerns. Other precious metals extended weekly drops.
After reaching a one-month high on Tuesday, gold has failed to hold those gains as the greenback climbed to the highest in three weeks. In the continuing trade spat, China signaled a lack of interest in resuming talks with the U.S. under the current threat to escalate tariffs, while the...
Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United States.
The Hang Seng Index fell 1.16 percent, or 328.61 points, to 27,946.46.
The benchmark Shanghai Composite Index tumbled 2.48 percent, or 73.41 points, to 2,882.30, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 3.26 percent, or 51.59 points, to 1,533.22.
Source : AFP
Stock-index futures point to a lower start for Wall Street Friday after Chinese state media indicated little appetite by Beijing to resume trade talks following Trump administration™s move to raise tariffs on Chinese imports and to target tech giant Huawei.
The Dow Jones Industrial Average fell 160 points, or 0.6% to 25,712, while the S&P 500 index lost 17.52 points, or 0.6%, to 2,859. The Nasdaq Composite Index meanwhile, declined 58 points, or 0.7% to 7,841.
On Thursday, the Dow rallied...