Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Gold turned slightly lower as the U.S. dollar pared losses on Friday, with investors grabbing profits after the metal jumped more than 1 percent following U.S. retail sales data that were unexpectedly flat in July.
Spot gold was down 0.26 percent at $1,334.91 an ounce. It was on track to finish the week up 0.04 percent.
Spot gold rallied as much as 1.4 percent to $1,355.80 after Friday's retail reading for last month surprised economists and suggested consumer spending was cooling after the second quarter's brisk 4.2 percent rate of increase.
"Real money profit-taking sparked a sell-off that saw gold surrender the day's gains as sideways trade in gold over the past few weeks are encouraging some investors to deploy capital elsewhere," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.
"Prices had a new incentive to break higher, with a weaker dollar and lower than expected data from the U.S., which should further discourage the Fed to do anything on rates," Saxo Bank senior manager Ole Hansen said.
The most active U.S. gold futures for December delivery settled down 0.5 percent at $1,343.20, and last traded down 0.67 percent.
"As long as gold stays above $1,300 there is no reason why funds holding big longs should worry too much." The dollar fell 0.13 percent against a basket of main currencies after data prompted investors to roll back expectations on when the Federal Reserve will raise rates, but was down around 0.2 percent later in the day.
Gold is highly sensitive to rising U.S. interest rates, as the opportunity cost of holding the non-yielding asset increases while boosting the dollar, in which it is priced.
Federal funds futures implied traders saw a 43 percent chance the Fed would raise rates at its Dec. 13-14 policy meeting, down from a 47 percent chance before the data was released.
Minutes from the Fed's July meeting will be released on Aug. 17.
Platinum fell 1.67 percent to $1,118.00 an ounce, after falling 3 percent in the previous session.
Palladium was down 0.15 percent at $685.98 and was set to finish the week with a 1.5 percent loss. The metal had a roller coaster week, hitting a 14-month high on Wednesday at $746.10 and posting the biggest one-day rally in more than five months, before tumbling 5 percent on Thursday.
Spot silver fell 1.18 percent at $19.70.