Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...
Gold futures finished higher Thursday, recouping much of the losses suffered a day earlier, as traders awaited monthly domestic employment data due at the end of the week, which may influence haven demand for the precious metal. Gold for February delivery on Comex added $2.90, or 0.2%, to settle at $1,483.10 an ounce, following a loss of 0.3% on Wednesday. March silver rose 14.3 cents, or 0.9%, to $17.059 an ounce, on the back of a 1.9% loss a day earlier. January platinum declined 0.1% to...
Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...
Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...
Oil sputtered near $58 a barrel as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna. Futures were little changed in New York after gyrating throughout the previous session. While the Organization of Petroleum Exporting Countries is nearing a deal to cut production targets by 500,000 barrels a day, ministers left the cartel™s headquarters on Thursday without cementing an agreement....
European markets closed lower Monday as a U.S. crackdown on Chinese telecommunications giant Huawei weighed on the technology sector.
The pan-European Stoxx 600 closed down around 1.2% to 377.46, with technology stocks leading the losses with an almost 3% drop on the fallout from heightened American scrutiny of Huawei.
President Donald Trump's administration last week added Huawei to a trade blacklist that blocks it from buying U.S. technology without special approval. Meanwhile, a host of U.S. tech giants from Google to Intel are reported to have distanced themselves from the firm.
Source : CNBC
European stocks closed higher Friday as investors digested a better-than-expected nonfarm payrolls report from the U.S. The pan-European Stoxx 600 closed higher 1.16% to 407.35 with every sector in t...
U.S. stocks soared after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs, the most since January, and the unemploymen...
Stocks rose sharply at the open Friday after a stronger-than-expected report on employment conditions in November. The Dow Jones Industrial Average jumped 200 points, 0.7%, to open near 27,878, while...
U.S. stock index futures were higher on Friday. At around 4:25 a.m. ET, Dow futures rose 66 points, indicating a positive open of more than 67 points. Futures on the S&P and Nasdaq were both slig...
European shares inched higher on Friday as comments from U.S. President Donald Trump that trade talks with China were œmoving right along helped inject some calm into the markets after a rocky we...
Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite, while palladium notched up a fresh peak. Spot gold slipped 0.3% to $1,472.26 per ounce. Prices had hit $1,484 earlier in the session, their highest level since Nov. 7. U.S. gold futures settled down 0.3% at $1,480.2. Elsewhere, platinum fell nearly 1% to $901.38 an ounce, while palladium rose 0.6% to $1,866.63. Elsewhere, silver shed 1.9% to...
Gold futures finished higher Thursday, recouping much of the losses suffered a day earlier, as traders awaited monthly domestic employment data due at the end of the week, which may influence haven demand for the precious metal. Gold for February delivery on Comex added $2.90, or 0.2%, to settle at $1,483.10 an ounce, following a loss of 0.3% on Wednesday. March silver rose 14.3 cents, or 0.9%, to $17.059 an ounce, on the back of a 1.9% loss a day earlier. January platinum declined 0.1% to...
Oil held firm in Asian trading Thursday after surging on increasing optimism for a U.S.-China trade deal, a sharp drawdown in U.S. crude inventories, and as OPEC and its allies prepared to discuss extending or possibly deepening output limits. Futures in New York were little changed after surging 4.2% on Wednesday. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal, people familiar with the talks said. That...
Hong Kong stocks tumbled Wednesday after Donald Trump poured cold water on trade talks with China, indicating a hoped-for phase-one agreement might not be concluded until after next year's presidential election. The Hang Seng index sank 1.25 per cent, or 328.74 points, to 26,062.56. The benchmark Shanghai Composite Index lost 0.23 per cent, or 6.58 points, to 2,878.12 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.20 per cent, or 3.19 points, to...
Oil sputtered near $58 a barrel as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna. Futures were little changed in New York after gyrating throughout the previous session. While the Organization of Petroleum Exporting Countries is nearing a deal to cut production targets by 500,000 barrels a day, ministers left the cartel™s headquarters on Thursday without cementing an agreement....