Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
* Spot gold has risen about 3.1 pct so far this month
* Investors eye U.S.-China trade talks
* Silver near 6-month highs touched on Wednesday (Adds details and comments, updates prices)
Jan 31 (Reuters) - Gold inched up on Thursday, holding near a multi-month peak after the U.S. Federal Reserve paused its monetary tightening cycle, denting the dollar and putting bullion on track for its fourth straight monthly gain.
Spot gold was up 0.2 percent to $1,322.26 per ounce at 1117 GMT. Prices rose to their highest since May 11 at $1,323.34 on Wednesday. U.S. gold futures rose almost 1 percent to $1,322.
Spot gold has risen 3.1 percent so far this month.
"Supporting gold is the double whammy of lower dollar and the (Fed decision on) U.S. interest rates," said ABN AMRO analyst Georgette Boele.
Late on Wednesday, the Fed offered no alterations to its interest rate outlook, instead stating that the case for further rate increments had "weakened" in recent weeks.
Gold tends to rise on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.
On the technical front, "resistance for short term should be $1,330. If gold exceeds that, the market can expect to see $1,350 very soon," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.
The dollar index, which measures the greenback against a basket of currencies, fell after the Fed's cautious statement, making the metal potentially cheaper for holders of other currencies.
The news also propelled world stocks to their best January on record, indicating improved risk appetite, limiting gold's advance.
However, risks to the global economy remain, with market participants closely tracking high-level trade talks between the United States and China that began on Wednesday.
Investors are now worried Washington's criminal charges against Chinese company Huawei and its chief financial officer could hurt the talks.
If the two sides cannot reach a deal soon, Washington has threatened to more than double tariffs on Chinese goods on March 2.
Also in focus is U.S. non-farm payrolls data due Friday, which follow better-than-expected numbers from payrolls processor ADP.
Underscoring investor interest in gold, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, have climbed 4.6 percent so far this month, the biggest monthly gain since September 2017.
Global demand for gold rose 4 percent last year, helped by a surge in central bank purchases to their highest levels since 1967, the World Gold Council said.
Elsewhere, palladium gained 0.7 percent to $1,370.18, while platinum rose by 0.1 percent to $815.71.
Silver rose 0.2 percent to $16.09, just below its highest since July 2018, at $16.10, hit in the last session. (Reporting by Arijit Bose in Bengaluru; Editing by Mark Potter)