The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
As of Tuesday, an imminent deal seems unlikely, with both countries refusing to compromise, Cramer said.Mad Money with Jim Cramerread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all...Autosread more
Gold was flat on Thursday, as the U.S. dollar weakened and the Federal Reserve minutes revealed “almost all participants” thought a hike in interest rates was appropriate.
The dollar index fell to its lowest level in more than a week while the euro climbed half a percent to near three-week highs following strong German data.
"The dollars down, giving some support to precious metals," said Chris Gaffney, president of world markets at TIAA Bank.
The minutes of the U.S. central bank's June meeting demonstrated strong support for an interest rate hike for 2018. During the discussion, the Fed had projected two more rate hikes in 2018 for a total of four. Gold is sensitive to rising interest rates, as higher rates increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which the metal is priced.
Investors are also awaiting the release of non-farm payrolls and unemployment data on Friday.
"One would not like to have any bullish bets on gold when the labor market trend is strong," ThinkMarkets chief market analyst Naeem Aslam said.
Physical gold demand has been lackluster in India, the second-biggest gold consumer after China, Commerzbank said, lending no price support.
"It's a speculative-driven selloff in platinum, it's not a fundamental driven selloff," said Jonathan Butler, commodities analyst at Mitsubishi. "And when we think about the fundamentals, at $800, most South African mines are losing money. So if we maintain these prices sub-$900, there will eventually be a supply-led response."