Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and US economic growth.
was up 0.8 percent to $1,180 an ounce. The metal is up about 1 percent for the week—its biggest weekly gain since late January.
Gold had dipped to a four-month low earlier this week as concerns mounted over higher US interest rates which could dent the demand for non-interest bearing bullion.
The Fed, however, sounded a cautious note on the health of the economic recovery after its two-day policy meet this week, and slashed its median estimate for the federal funds rate and expressed concern over the strength in the dollar.
"Gold (is) still getting traction from dovishly perceived FOMC statement, short-covering and fresh purchases,'' said HSBC analyst James Steel, referring to the Federal Open Market Committee.
Gold's rise on Thursday despite a higher dollar and weaker oil prices could indicate the underlying strength, he said.
Typically, a stronger dollar dents the demand for bullion as a safe-haven and makes it more expensive for the holders of other currencies. Weaker oil could also reduce gold's appeal as a hedge against inflation.
Post-Fed, SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, saw its first inflows since February 20, also boosting sentiment.
In the physical markets, Chinese buying was steady, with premiums on the Shanghai Gold Exchange staying at a robust $6 to $7 an ounce on Friday. Sustained physical buying could further support prices.
In other industry news, six institutions will start setting gold prices electronically on Friday, as Intercontinental Exchange completes a sweeping change to London's bullion benchmarks and dispenses with the century-old gold "fix'.'
Some of the lowest valuations in decades and rising pressure on Africa's gold producers to restructure or perish are likely to spur a wave of acquisitions in a sector attracting a growing number of potential buyers.
Among other precious metals, silver and platinum were headed for weekly gains after a two-week slide. Platinum continued to trade at about $50 discount to gold, a factor that is likely to stoke physical demand according to the Perth Mint, which is ramping up the production of its platinum coins.