Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gold rose on Friday as forecast-beating euro zone inflation boosted the euro against the dollar, while global stock markets retreated from Wednesday's record highs as concerns about global trade.
The euro rose towards 5-1/2 month highs as the data was seen as keeping pressure on the European Central Bank to start dialing back stimulus measures as early as June. That lifted gold, which is priced in the U.S. currency.
Spot gold was up 0.29 percent to $1,267.39 while U.S. gold futures for June delivery were up $2.40 to $1,268.30. Spot gold was down 1.4 percent from last Friday's level, its biggest weekly loss since early March.
"At this point, $1,300 looks like it's more appealing for gold than $1,100," ING analyst Hamza Khan said.
"A bit more weakness in the dollar, combined with more movements around North Korea, could be the situation that sets the stage for higher gold prices."
Jitters over tensions in the Korean peninsula and the threat of a strong showing from an anti-European Union candidate in the French elections helped drive gold higher last week.
However, it is now on track for its biggest weekly drop in seven as fading concerns over Korea and a strong showing in the first round of the French vote from centrist candidate Emmanuel Macron sharpened risk appetite, pressuring gold.
Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares, fell 0.1 percent to 853.36 tons on Thursday. Holdings are down by more than 6 tons since Tuesday.
Spot gold was down 1.3 percent from last Friday's level, its biggest weekly loss since early March, though its descent has slowed.
"Most of the correction should be done by now," Commerzbank analyst Daniel Briesemann said. "We see good support at this level. There are a lot of uncertainties remaining."
"The high-risk appetite at the beginning of the week seems to have abated, at least for now. This has definitely helped support the gold price, and the dollar is supportive as well."
Banks remain stubbornly cautious on gold's price prospects
Banks remain stubbornly cautious on gold's price prospects this year in spite of a strong first-quarter performance, a Reuters poll showed on Friday, as the prospect of higher interest rates take the shine off the metal.
Palladium was up 1.47 percent to $827. It was the only weekly gainer among the precious metals, set to finish the week with a 4.2 percent rise. A Reuters poll predicted palladium would register its strongest year on record in 2018.