Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Gold prices crept higher on Thursday towards a two-week peak scaled in the previous session, helped by an easing dollar and as investors sought refuge from weakness in financial markets on economic growth concerns.
Spot gold was up 0.1 percent at $1,227.20 an ounce at 1042 GMT, though moves were contained by the U.S. Thanksgiving holiday. Prices on Wednesday had peaked at $1,230.07, the highest level since Nov. 7.
U.S. gold futures were flat at $1,228.20.
The dollar fell for a second day running, while Europe's share markets dropped into the red as investor worries mounted about slowing global growth.
"Weaker stocks tend to be supportive of the gold market, given the uncertainty that prevailing in the market," said Saxo Bank analyst Ole Hansen, adding that the softer dollar was also adding support.
Gold could be vulnerable to more gains if the dollar weakens further, making bullion cheaper for holders of other currencies, analysts said.
"Some of the recovery since we tested $1,200 last week has been driven by speculation that the U.S. Federal Reserve might step back from its aggressive stance (on raising interest rates). If that signal grows stronger, we could see the dollar lose some momentum, which could be good for gold," Hansen said.
Markets expect the Fed to lift rates again in December, but concerns about a potential global slowdown raised doubts about the number of rate increases next year.
Investors are now looking ahead to the forthcoming meeting between Chinese President Xi Jinping and U.S. counterpart Donald Trump at this month's G20 summit in Argentina.
"The gold story looks very intriguing in the face of looming trade war risk and a possible U-turn on Fed policy which would result in a significantly weaker U.S. dollar. All of which suggests gold prices will continue to find a bid,"
Stephen Innes, APAC trading head at OANDA in Singapore, said in a note.
Bullion prices have recovered about 6 percent from 19-month lows hit in mid-August.
Investor interest was reflected in holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, which rose on Wednesday to their highest since the end of August at 762.92 tonnes.
"Longer-term investors are returning to gold and dipping their toes back in," said Saxo Bank's Hansen. "They are looking at the weakness in the stock markets and economic uncertainty potentially building into next year."
Among other precious metals, silver was up 0.2 percent at $14.51 an ounce, hovering near two-week highs hit in the previous session.