Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gold fell on Tuesday as the dollar and stocks gained ground on the view that U.S. presidential candidate Hillary Clinton got the better of rival Donald Trump in their first debate.
Markets have tended to see Clinton as the candidate of the status quo, while few are sure what a Trump presidency might mean for U.S. foreign policy, trade and the domestic economy.
Gold, which is often seen as an alternative investment in times of geopolitical and financial uncertainty, suffered after the debate as a higher appetite for risk favored shares, the dollar and the Mexican peso over the precious metal.
ETF Securities analyst Martin Arnold said Clinton came out on top during the debate against Trump, which eased investor uncertainty. "The debate gave financial markets more optimism over the outlook so it put a little bit of pressure on gold, especially because the U.S. dollar has been supported by its outcome," he said. "It takes away some of the uncertainty that has been weighing on investors' minds."
Some market participants said the U.S. presidential race was still a hot issue with polls giving Clinton only a slight lead over Trump and this could prevent gold from falling too sharply.
"Gold slipped back slightly on the back of that but this story is far from over. Trump showed his true colours (unpleasant) and this will continue to support gold prices if his poll numbers climb," David Govett, head of precious metals at Marex Spectron wrote in a note.
"The current $1,330-$1,342 range is still in play and participants will be looking closely at the results of the first U.S. presidential debate for direction," MKS PAMP Group trader Sam Laughlin said in a note.
The dollar index, which weighs the greenback against a basket of currencies, was up 0.1 percent at 95.35.
Among other precious metals, silver edged 0.1 percent lower to $19.39 an ounce after falling 1.2 percent in the previous session, which was its biggest loss over two weeks.
Platinum was up 0.4 percent at $1,040.60 an ounce after falling 1.4 percent on the previous day. Palladium gained 0.22 percent to reach $695.40 per ounce. It was down 1 percent on Monday, also the biggest fall in two weeks.