Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
The president abruptly walked out of a meeting Wednesday, saying he would not negotiate with Democrats while they continue to investigate him.Politicsread more
Despite the president's claim that "you can't investigate and legislate simultaneously," certain must-pass pieces of legislation, including a debt ceiling hike, will...Politicsread more
Americans in certain areas of the country have significantly higher average credit scores than others. Experian's annual State of Credit report shows the average score in each...Spendread more
Amazon shareholders demanded the company to take action on a number of different issues during its annual shareholder meeting on Wednesday.Technologyread more
Talk about 5G is everywhere right now, from the trade-war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with...Politicsread more
More voters in five key industrial states disapprove than approve of Trump's handling of trade — 56% to 41%, according to a report.Politicsread more
Ireland's privacy watchdog, which leads supervision of Google in the EU, launched an inquiry into the firm's online advertising practices.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Gold fell back towards near six-year lows on Friday, staying on track for a fourth straight weekly loss, on expectations the Federal Reserve is set to raise U.S. interest rates next month for the first time in nearly a decade.
A raft of Fed officials lined up behind a December rate rise on Thursday.
Spot gold was at $1,083.21 an ounce, down 0.1 percent, having touched its lowest since February 2010 on Thursday at $1,074.26. U.S. gold futures for December delivery settled down 10 cents an ounce at $1,080.90.
Rising rates tend to weigh on gold, as they lift the opportunity cost of holding non-yielding assets while boosting the dollar. Gold has fallen more than 5 percent since the start of November, when a stronger-than-expected U.S. payrolls report fueled expectations for a near-term rate hike.
"Quite clearly, with the growing sense that there will be a December rate hike after the strong U.S. data last week, investors have been bailing out of gold," Citi analyst David Wilson said. "I suspect that is likely to continue."
Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares, fell by another 1.5 tonnes on Thursday.
The platinum group metals also came under pressure from fund selling. Holdings of platinum ETFs were at a two-year low, while assets of palladium funds were at their lowest since April 2014.
"This additional near-term supply from ETFs and other liquidation took platinum to seven-year lows and undermined palladium also," HSBC said in a note.
"While we find physical demand for the PGMs from industrial sources to be broadly steady, investors are retreating and we see no early signs of further production restraint."
Platinum was at $855.50 an ounce, down 2.1 percent, having earlier slid to its lowest since December 2008 at $854.
"PGMs are suffering with palladium having an ultimate breakdown towards critical long-term support near $518," said Amaryllis Gryllaki, sales associate for TD Securities' Global Metals in New York in a note.
"During Asia time it sold off 5 percent on less than 1,000 lots."
Palladium was down 3.9 percent at $536.50 an ounce after touching a 2-1/2-month low of $530.75. Prices of the autocatalyst metal are down more than 13 percent this week, its biggest weekly decline since May 2010.
Silver was down 0.5 percent at $14.20 an ounce, off an earlier 2-1/2 month low at $14.15.