The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Gold prices edged lower on Friday as the dollar firmed on persistent concerns about an escalating trade between the United States and China in a week where both sides slapped new tariffs on each other's goods.
China hopes the United States will show sincerity and take steps to correct its behaviour, its commerce ministry said on Thursday, amid new levies in a long-standing tit-for-tat dispute.
The dollar's status as the chief reserve currency makes the U.S. currency the prime beneficiary of concern over trade conflicts on bets that the United States has less to lose from the dispute.
Spot gold fell 0.7 percent to $1,199.17 per ounce, after touching its highest since Sept. 13 at $1,211.02. But the metal was still headed for its first weekly gain in four.
U.S. gold futures were down 0.6 percent at $1,204.30 per ounce.
Mitigating further losses in gold were views that new U.S. and Chinese tariffs were set at lower rates this week than expected.
"The fact that concerns eased a bit this week weighed on the dollar a bit but that has reversed and so that is why gold is easing," said FOREX.com analyst Fawad Razaqzada, adding that gold was facing resistance between $1,205-$1,215 per ounce.
The dollar rose against a basket of major currencies, making gold more expensive for holders of other currencies, while equity markets and bond yields rose.
Investors are awaiting next week's Federal Reserve meeting, where the U.S. central bank is widely expected to raise benchmark interest rates.
Meanwhile, hedge funds and money managers cut their net short position in COMEX gold and silver contracts in the week to Sept. 11.
Investment bank Goldman Sachs slashed its three, six and twelve-month gold price forecasts but said there were signs that fundamentals were starting to change, with a recent weakening of the dollar and a rebound in Chinese and Indian gold purchases.
Among other precious metals, spot silver rose 0.6 percent to $14.35 an ounce, after rising to two-week highs of $14.41.
The gold/silver ratio, which measures the number of silver ounces needed to buy an ounce of gold, is at a record high of 83.
This has pulled more investors into silver, which offers more value as the current ratio is higher than the historical five-year of 72.5, ING bank said in a note.
Palladium touched its highest since April 19 at $1,056.72 per ounce and was up 0.5 percent at $1,055.22 an ounce.
Platinum hit its highest since Aug. 9 at $838.40.