Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion.
The dollar was weaker against a basket of currencies after data showed U.S. consumer prices were unchanged in November, supporting the view that inflation stayed firm but not enough to push the U.S. Federal Reserve to take a more aggressive stance.
"We are seeing a bit of support from a weaker dollar across the commodities complex. In addition to that, we are seeing an ongoing outflow of funds from equities and that money flow into alternative assets continues to support the precious metals complex," said David Meger, director of metals trading at High Ridge Futures.
Investors kept an eye out for developments around U.S.-China trade talks, and on Brexit after lawmakers in Prime Minister Theresa May's Conservative party gathered enough support to trigger a no-confidence vote in her leadership.
"The safe-haven assets continue to be well supported in this environment and that along with some recent comments from the Fed on changing their potential path on interest rates has also been supportive," Meger said.
Markets are expecting not more than one rate hike from the Fed next year, after a likely interest rate increase at the Federal Open Market Committee (FOMC) meeting on Dec. 18-19.
"Next week's FOMC meeting is going to be the last major economic event of the year. The (gold) market has started to price in the 'one and done' interest rate scenario, and has responded quite positively to that," Saxo Bank analyst Ole Hansen said.
Spot gold touched its highest level in five months at $1,250.55 earlier this week as chances of slower interest rate hikes reduced the opportunity cost of holding the asset.
Gold is likely to further consolidate below the 200-day moving average, around $1,255 at present, Commerzbank analysts said in a weekly note.
Indicative of investor interest in gold, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose to the highest level since late August on Tuesday.
Meanwhile, spot palladium was trading at a premium to gold, with prices of the autocatalyst metal rising about 1.33 percent to $1,260 an ounce. Palladium has climbed about 18 percent so far this year.
Spot silver rose 1.5 percent to $14.74 per ounce, having earlier hit its highest price since Nov. 5, at $14.76.
Platinum jumped 2.1 percent to $798.10 per ounce.