The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Gold rose on Monday as the dollar slipped on receding expectations of an imminent U.S. interest rate rise after below consensus jobs numbers from the United States last week.
Spot gold was up 0.1 percent at $1,325.70 an ounce at 0913 GMT. The precious metal hit a one-week high above $1,341 on Friday after data showed U.S. employment growth slowed more than expected in August after two straight months of robust gains.
U.S. gold futures were up 0.2 percent at $1,329.9.
"What we're seeing is a reversal of expectations that U.S. interest rates would rise in September," said ICBC Standard Bank analyst Tom Kendall. "The idea that monetary policy is going to stay supereasy is good for gold."
The U.S. Federal Reserve's next policy meeting takes place Sept. 20-21. A decision to keep policy on hold could mean a lower U.S. currency, which would make dollar-denominated gold cheaper and more attractive for non-U.S. firms.
The U.S. Labor Day holiday is expected to keep volumes subdued on Monday, but markets will closely watch new U.S. data releases and any speeches from Fed officials for clues to the timing of any rate moves.
"We have seen the lows for the time being now in the market and (gold) will stay between $1,310 and $1,350 for the foreseeable future," Marex Spectron said in a note. "The countdown has already begun to ... the conclusion to the FOMC meeting."
On technicals, analysts see strong support at $1,315, a 23.6 percent retracement of the August to September fall, while resistance is at $1,330 the 50 percent retracement level.
Analysts and traders are also waiting to see whether physical demand in India picks up over coming weeks due to festivals and the wedding season.
"This has been a disrupted year for gold demand in the Indian market ... it's going to take time for it to approach anything like normal," Kendall said.
Spot silver slipped 0.2 percent to $19.37 an ounce, but was still near a two-week high of $19.44 hit on Friday.