President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Gold slid lower on Friday after getting a slight initial boost from worse-than-expected U.S. jobs numbers in October.
Spot gold sunk 0.73 percent to $1,266.36 per ounce at 11:15 a.m. ET. It hit its highest in about two weeks, at $1,284.10, in Thursday's session.
The precious metal was down prior to the news that the U.S. economy added 261,000 jobs in October, below the 310,000 jobs expected. Gold floated upward after the report was initially released.
U.S. gold futures for December delivery fell 0.86 percent to $1,267.10.
The dollar rose against a basket of currencies on Friday as focus shifted to U.S. jobs data, with President Donald Trump's nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise.
The greenback had slipped on Thursday after Republicans in the U.S. House of Representatives released proposals to overhaul the tax code.
Asian share markets edged higher on Friday as investors gave a guarded reception to the plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Fed.
A holiday in Japan kept volumes light, while investors observed the usual caution ahead of the U.S. payrolls report which is expected to show a big bounce back from September's hurricane-hit result.
"Gold seems to be broadly flat. The announcement of Jerome Powell as the new Fed Chair was broadly in line with expectations," said John Sharma, an economist with National Australia Bank.
Trump's appointment of Powell broke with precedent by denying Janet Yellen a second term but signalling a continuation of her cautious monetary policies.
Spot gold looks neutral in a narrow range of $1,263-$1,281 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao.
"If the market somehow believes that Powell will not be aggressive in raising interest rates next year, then gold might have possibly bottomed at $1,260 already," said Samson Li, an analyst with Thomson Reuters GFMS.
Gold is highly sensitive to rising U.S. interest rates,which increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
Meanwhile, holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.4 percent to 846.04 tonnes on Thursday.
In other precious metals, plummeted 1.73 percent to $16.78 an ounce.
fell 1.11 percent to $913 and was down 0.59 percent to $990.10.