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 inched lower on Thursday, with some investors taking advantage of a recent surge in prices to lock in profits.
Spot gold was down 0.38 percent at $1228.93 an ounce. . On Tuesday it hit a more than three-month high of $1,239.68 as a global stock market sell-off spurred interest in the metal, which is considered a safer store of value during times of political and financial uncertainty.
U.S. gold futures settled at $1,232.40 per ounce, up $1.30.
"Gold is pausing for a breath and is probably consolidating for the next possible move higher. Some speculative investors would be in a position to take profit," said Mitsubishi analyst Jonathan Butler.
"It is running into some resistance around $1,240. The next significant level is the $1,250 psychological barrier," he added.
Gold prices have gained more than 3 percent so far this month, on track to break a six month losing streak, the length of which was last seen in the August 1996-January 1997 period.
European shares attempted to rebound on Thursday after Wall Street suffered its worst day since 2011.
But global stocks are on course for their worst month since the financial crisis a decade ago as investors become increasingly nervous about lofty stock prices, faster rate hikes in the United States and an ongoing Sino-U.S. trade war.
"Further equity weakness is likely to entice participants into the precious complex over the near-term," traders at MKS PAMP said in a note.
They added that gold prices could also move higher if speculative investors who have in recent months ramped up bets on lower prices are forced to abandon their positions.
Markets will be watching for any change in policy guidance or tone at a European Central Bank monetary policy meeting later on Thursday, with a spat between Italy and the European Union once again making investors nervous.
Another sign of rising interest in gold was higher inflows into the world's largest gold-backed exchange-traded fund, SPDR Gold Trust.
Holdings in the fund, which saw significant outflows between late April and early October, have risen to their highest since the end of August.
In other precious metals, palladium was down 2.16 percent at $1,100.22 an ounce, drifting away from a record high of $1,150.50 an ounce hit on Tuesday.