The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Gold held steady on Wednesday as investors weighed the increasing risk of a U.S. interest rate increase next month against the simmering geopolitical tensions that have been supporting bullion.
The dollar recouped its losses in the previous session, rising strongly against sterling after a projection by polling company YouGov showed British Prime Minister Theresa May could lose an overall majority in parliament in a June 8 election.
The projection raised the prospect of political deadlock just as formal Brexit talks begin.
Also helping the dollar, U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to improving domestic demand that could allow the Fed to raise interest rates next month.
"The market has been overenthusiastic in terms of the weakness (seen). Once the rate hike happens, people will focus on political uncertainty and on the physical support (for gold)," said Hamza Khan, head of commodities strategy at ING.
"Fundamentally we favor the upside. We see prices at $1,350 (an ounce) for the third quarter, and $1,250 for the second quarter."
Spot gold edged up 0.75 percent at $1,272.20 per ounce after slipping earlier in the day. It closed 0.3 percent lower on Tuesday after rising to a one-month high of $1,270.47.
U.S. gold futures for August delivery were up $9.70 to settle at $1,275.40. U.S. interest rate futures on Tuesday indicated a nearly 89 percent chance of a June rate rise, according to CME Group's FedWatch tool.
Higher rates would reduce the demand for non-interest bearing bullion as well as boosting the U.S. dollar, making dollar-priced gold costlier for non-U.S. investors.
Political tensions in the United States and Europe continue to support gold and have prevented any major losses for the metal, said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank.
Spot gold may break a support at $1,257 per ounce and fall to the next support at $1,245, according to Reuters technical analyst Wang Tao.
In other precious metals, lost 0.27 percent to $17.31 an ounce. was up 1.23 percent at $946 an ounce after falling 1.9 percent in the previous session in its biggest one-day percentage loss in nearly a month.
was up 1.78 percent at $819.30 an ounce and was on track for a monthly decline of 2 percent, its first monthly decline this year.