Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The price of gold climbed to the highest levels in two months on Thursday as the United States and North Korea exchanged more threats, prompting investors to buy bullion as a safe haven asset.
"For now, the uptrend is very much intact in gold, reacting to external geopolitical events," said Jonathan Butler, commodities analyst at Mitsubishi in London.
was up 0.59 percent at $1,284.70 per ounce since June 9. Gold climbed 1.3 percent in the previous session, its biggest gain since mid-May.
for December delivery settled at $1,290.10 per ounce. The $1,279 area is a key technical level, representing a downtrend that has been in force since mid-2016 when gold surged to a two-year peak of $1,374.91.
Gold extended gains after data showed U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
The market was waiting for U.S. consumer inflation data on Friday that would offer more clues about future Fed decisions. The $1,279 area is a key technical level, representing a downtrend that has been in force since mid-2016 when gold surged to a two-year peak of $1,374.91.
"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June," Butler said. Speculative positions in U.S. gold futures remain subdued, said UBS strategist Joni Teves.
"Subdued participation this year and lean positioning suggests that market participants would have to play catch-up on a break higher," she said in a note.
Physical gold demand, however, was sluggish in India while the rally in global prices dampened buying elsewhere in Asia and holdings of the largest gold-backed exchange-traded-fund (ETF) , was unchanged on Wednesday.
"At least in this segment, investors apparently remain reluctant to seek gold's safe haven. The gold market shows various signs of ambivalence and we believe that this pattern will continue into the foreseeable future," Norbert Rücker, head of macro & commodity research at Julius Baer, said in a note.
In other precious metals, rose 1.09 percent to $17.09 per ounce, its highest since June 14.
gained 0.9 percent to $980.25 per ounce. In the previous session, it marked its highest since April 21 at $980.60. climbed 0.76 percent to $897.75 per ounce.