The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Gold prices ticked up on Thursday as markets anticipated U.S. jobs data due at the end of the week for guidance on monetary policy for the remainder of the year.
Spot gold rose 0.39 percent at $1,350.01 ounce by 3:56 p.m. EST. It touched $1,332.30 an ounce in the previous session, its lowest since Jan. 23. U.S. gold futures futures for April delivery settled up $4.80, or 0.4 percent, at $1,347.90 per ounce.
The U.S. Fed held interest rates unchanged on Wednesday but raised its inflation outlook and flagged "further gradual" rate increases.
"One thing that could throw a wrench into the Feds plans to raise three times this year is wages. Employment has certainly continued to march higher with unemployment dropping, but wages have been sticky," said Chris Gaffney, president of world markets at St. Louis-based EverBank.
Stronger-than-expected jobs data, lower unemployment and higher wages would signal strength in the economy, and could in turn strengthen the dollar and pressure gold, Gaffney added.
Gold gained just 3.2 percent in January as the dollar fell to three-year lows against a basket of major currencies. It hit a 17-month peak of $1,366.07 on Jan. 25. "We remain somewhat friendly to gold in the short-term. The dollar seems to be adrift, as investors are unsure what direction to push it," said INTL FCStone analyst Edward Meir.
Inflation worries generally boost gold, which is seen as a safe-haven against rising prices. But expectations that the Fed will raise interest rates to fight inflation make gold less attractive because it does not pay interest.
Holdings of the world's largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares, fell another 4.1 tons on Wednesday, data from the fund showed, cutting its inflow for January to just 3.9 tons.
Palladium was 1.05 percent higher at $1,037.47 per ounce after touching $1,013.72 earlier in the session, its lowest since Dec. 18. The metal is down about 3.5 percent so far this year.
"I wouldn't be surprised to see prices reach $1,000 because demand is strong but its not strong enough for the price to be at $1,100," said Natixis analyst Bernard Dahdah, adding that this was the beginning of a correction for the metal.