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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread 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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Gold slipped to its lowest in almost a month on Monday as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates.
"Some calm has been restored in the equities market ... We are seeing a bit of withdrawal of interest from the gold market," said Macquarie commodity strategist Matthew Turner.
World markets showed some relief from Chinese economic data in line with expectations and offered some bright spots, though concerns about British Prime Minister Theresa May's Brexit plans prompted some caution.
U.S. markets were closed on Monday for a public holiday.
"Gold could already find itself in increased demand today if the UK prime minister's 'Plan B' for Brexit turns out to contain nothing new and the chaos thus continues," Commerzbank analysts wrote.
The dollar rise within sight of a two-week high weighed on gold, which has climbed more than 10 percent since mid-August, largely because of equity market turmoil and a weak dollar.
ActivTrades chief analyst Carlo Alberto De Casa said a break through $1,277 could lead the gold price down to $1,260.
Analysts said gold was still finding some support from expectations that the U.S. Federal Reserve had reached the end of its monetary tightening, a slowdown in global economic conditions and geopolitical uncertainties.
Fed officials have left little doubt that they want to stop raising interest rates, at least for a while, before their first meeting of the new year over Jan. 29-30.
Higher rates tend to reduce appetite for non-yielding gold.
Holdings of SPDR Gold, the largest gold-based exchange-traded fund, rose 1.5 percent on Friday to 809.76 tonnes.
Meanwhile, spot palladium, which hit a record high of $1,434.50 last week, driven by a sustained deficit, shed 1.1 percent to $1,361.50 an ounce.
"As a result of the strong rally over the last couple of months, the palladium market may see some consolidation before resuming its upward path," said Hans-Guenter Ritter, Global Head of Trading at Heraeus Metals, Germany.
Silver fell 0.7 percent to $15.22 an ounce while platinum lost 0.8 percent to $791.