The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Gold prices fell more than 1 percent on Tuesday as news that the Greek government had dropped calls for a write-off of its foreign debt sharpened risk appetite, sparking a rally in stock markets.
The metal benefited in earlier trade from gains in other commodities but later came under pressure as interest waned in gold as a haven from risk.
"Traders are really in favor of a risk-on appetite not a safety appetite," said Phillip Streible, senior commodities broker for RJO Futures in Chicago.
Spot gold was last down 0.9 percent at $1,263.80 an ounce, having earlier touched a low of $1,255.21, a 1.5 percent drop. U.S. gold futures for April delivery settled down 1.3 percent at $1,260.30 an ounce.
Stock markets rallied around the world while the U.S. dollar fell, as the news from Greece eased concerns about growing instability in the euro zone.
Greece's new government proposed ending a standoff with its official creditors by swapping its foreign debt for growth-linked bonds, a week after its election on an anti-austerity platform.
"(There is some) repositioning away from safe havens," Mitsubishi analyst Jonathan Butler said. "$1,280 was taken out, the 50 percent retracement of the year-to-date high to last week's low. That may have triggered some sell orders."
Gold prices rose more than 8 percent in January, their strongest month in three years, though expectations for a U.S. interest rate increase later in the year kept a lid on gains.
The metal remains sensitive to U.S. data, as traders try to anticipate when the Federal Reserve will raise rates.
Analysts polled by Reuters forecast that the U.S. government would report on Friday that the economy added 230,000 jobs in January, down from 252,000 in December but still robust.
"I do not see much real interest in the market before the NFPs (non farm payrolls) this Friday," Afshin Nabavi, head of trading at MKS in Switzerland, said.
Fresh inflows were seen into gold-backed exchange-traded funds on Monday, with holdings of the largest, New York-listed SPDR Gold Shares, climbing to their highest since October, 24.65 million ounces.