Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread 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."