Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
Gold edged higher on Friday in response to a weaker dollar but remained on track for its sharpest weekly drop in more than two months as strong U.S. economic data raised uncertainty over the timing of a slowdown in stimulus measures.
Spot gold was last up up 0.2 percent to $1,245 an ounce, after hitting a fresh 4.5-month low of $1,236.29 in the previous session.
U.S. gold futures for December delivery were flat at $1,243 an ounce.
Gold was on track for a 3.4 percent weekly drop, while spot silver also headed for its worst week since mid-September, down 3.7 percent so far.
"The gold price drop seen earlier this week has weakened the technical picture and the next important level to watch is obviously $1,200,'' said Bernard Dahdah, precious metals analyst at Natixis.
"Evidence that the U.S. economy is improving will lift the dollar, putting further pressure on the gold price in coming weeks.''
A break of the key support area of $1,238-$1,240 an ounce would open up the potential for a broader move towards $1,180, ANZ said.
The dollar fell 0.4 percent against a basket of currencies.
Solid U.S. data over the past few weeks was hurting bullion prices as it could bolster the case for curbing stimulus soon. The Federal Reserve's massive bond-buying program has burnished gold's appeal as a hedge against inflation.
Uncertainty over the timing of this tapering has pushed investors to take money out of gold, causing the metal to drop 25 percent this year.
For more information on commodities prices, please click here.