SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung said on Monday it will launch the Galaxy Fold in the US on Sept. 27. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed...Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
Gold eased on Monday, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.
Spot gold was down 0.54 percent at $1,226.62 per ounce. U.S. gold futures settled down $8.20, or 0.7 percent, at $1,227.60. "With the dollar strength we see this morning, it is hard for gold to see any rally," said Bob Haberkorn, senior market strategist at RJO Futures
"Despite the volatility we have seen in equities (on Monday) if gold is still down so much, it shows you that the flight to safety is not going into gold but the dollar because of the outlook for higher rates."
Prospects for higher U.S. interest rates hurt dollar-priced gold as they raise the opportunity cost of holding the bullion.
The dollar edged back toward Friday's 10-week high against a basket of its key rivals, making gold more expensive for holders of other currencies.
U.S. stocks gained on Monday, following a broad rise in Europe after last week's choppy sessions in global equity markets, which had prompted a flight to safer assets, and pushed gold to at $1,243.32, its highest since July 17 on Friday.
The dollar also edged higher against the euro after German Chancellor Angela Merkel said she would not seek re-election as head of her CDU party.
"Gold is now increasingly in need of supporting fundamentals to carry it higher. This after the tailwind from short covering begins to fade given the sharp reduction witnessed during the past few weeks," said Saxo Bank analyst Ole Hansen.
Hedge funds and money managers cut their net short positions in gold to the smallest since mid-July, data showed.
Banks and brokerages have cut their average gold price forecasts for this year and 2019, but still expect prices to stage a modest recovery, a Reuters poll showed.
On the technical front, immediate support stood around the 14-day moving average, at $1,224, and then around $1,220, the 100-day moving average, said Alexander Zumpfe, a precious metals trader at Heraeus.
Some profit taking following recent gains also weighed on gold prices, he added.
Silver fell 1.12 percent to $14.45.
Palladium's price premium over platinum will widen next year, a separate Reuters poll showed. Shortages of palladium and surpluses of platinum have flipped the usual hierarchy between the two metals, both used in catalytic converters to reduce vehicle emissions