According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mixed in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Gold fell 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets recovering ground lost after an anti-austerity party won elections in Greece.
Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis.
Greek stocks fell on the news, but European equities rose 0.2 percent, as the market focused on the positive impact of the European Central Bank's bond-buying plan unveiled last week.
Spot gold was down 1 percent at $1,280 an ounce. U.S. gold futures for February delivery settled $13.21 lower, at $1,279.40 an ounce.
As far as the election was concerned, "the market expected what we got", Saxo Bank's head of research Ole Hansen said. Gold's rise to its highest since mid-August last week left it overstretched, he said, and it gave back some of that ground once the uncertainty surrounding the election was resolved.
"But with trust in central banks reduced, I see this as a buying opportunity once support has been confirmed," he added.
Among currencies, the euro recovered early losses to rise 0.2 percent against the dollar. The single currency hit an 11-year low on Monday after the election results.
Gold has gained about 9 percent so far this month, largely due to safe-haven demand sparked by falling oil prices and European uncertainties.
Improving sentiment has been seen in investor positioning. Speculators raised bullish bets on gold futures and options for a fourth week in the week ending Jan. 20, while holdings of gold-backed exchange-traded funds have also increased.
CME Group's Asian gold contract began trading in Hong Kong on Monday. The 1 kg physically settled contract <GCKJ5> was trading at a premium of $2-$3 an ounce over the global benchmark.
The launch of the CME contract within six months of new contracts in Singapore and China underscores a desire in top consuming region Asia to have price benchmarks that reflect regional market dynamics, although liquidity has been a problem.