Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gold prices steadied on Friday, holding firm near a six-month high struck in the previous session, as the dollar remained under pressure due to a subdued outlook towards U.S. interest rates and the economy, and investors shunned risky assets.
Spot gold rose 0.01 percent to $1,259.90 per ounce at 1:00 p.m. EST, after jumping more than 1 percent in the previous session. The precious metal hit a high of $1,266.4 on Thursday, a level last seen on June 26.
The bullion has gained about 1.9 percent so far this week.
U.S. gold futures settled at $1,258.1 per ounce on Friday.
"A depreciating dollar coupled with expectations of fewer rate hikes in 2019 remain the primary factors supporting spot gold prices," said Lukman Otunuga, a research analyst with FXTM.
"The U.S. Federal Reserve's failure to reassure investors that they understand the risks across global markets is seen fuelling appetite for safe-haven gold in the short- to medium-term."
The Fed's commitment on Wednesday to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth, rattled stock markets and pressured the dollar, making the U.S. currency-denominated gold more appealing for non-U.S. investors.
"With volatile equity markets accelerating the flight to safety, gold is likely to remain supported for the rest of 2018," FXTM's Otunuga said.
Global stocks continued their slide on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs fanned investor unease over the economic outlook.
"Traders expect risk sentiment to remain on very wobbly conditions entering the new year," said Stephen Innes, APAC trading head at OANDA in Singapore.
The dollar's weakness against its Japanese peer has parked gold in "a perfect spot" for investors, Innes added.
Spot gold may fall into a range of $1,245-$1,253 per ounce, following its failure to break a resistance at $1,266, according to Reuters technical analyst Wang Tao.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.34 percent to 769.14 tonnes on Thursday.
Among other precious metals, palladium slid 1 percent to $1,251.99 per ounce, but was up about 2 percent for the week in what would be its fourth consecutive weekly gain.
Silver fell marginally to $14.67 per ounce, but has gained over 1 percent so far in the week.
Platinum rose 0.23 percent to $791.80 per ounce and was headed for a weekly gain for the first time in seven.