Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Gold jumped to a two-week high on Friday after weak U.S. economic data boosted expectations the U.S. Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.
Spot gold was up 0.63 percent at $1,320.81 an ounce at 2:04 p.m. ET, having touched its highest since Feb. 1 at $1,319.81.
U.S. gold futures settled $8.20 higher at $1,322.10.
While gold is on track to notch a small weekly gain, it was rangebound for most of the week, with gains on Friday stemmed by a stronger dollar and a rebound in stocks.
"Gold (price action) is like watching oil evaporate. The market is continually bearish at lows and bullish at highs with actual breaks infrequent," said Tai Wong, head of base and precious metals derivatives trading at BMO.
"The end of the (Fed) tightening cycle now looms which improves the overall backdrop for gold significantly. With the Fed on hold, there is less pressure for the rest of the globe to keep pace."
The metal gained 0.5 percent in the previous session after weak U.S. retail sales data added to disquiet about slowing growth, which could allow the Fed to hold interest rates steady for a while.
The disappointing U.S. data followed a spate of weak economic reports from China and Europe.
This helped gold to hold its ground amid gains in the dollar , which stayed close to a two-month peak against a basket of currencies, and a rebound in global stocks on hopes of a thaw in the U.S.-China trade dispute.
"The world economy is slowing very rapidly and therefore monetary policy everywhere will be eased, so the outlook is a lot more inflationary, helping gold," said Alasdair Macleod, head of research at GoldMoney.com.
The world's two biggest economies reached a consensus in principle on some key issues during ongoing talks, China's state news agency Xinhua said on Friday. Negotiations will continue next week in Washington.
Meanwhile, palladium gained 1.17 percent to $1,432.
"Bullish commentary, including from Johnson Matthey, on widening deficits for 2019 this week saw palladium close clearly above $1,400 yesterday, which has driven more buying today," BMO's Wong said.
"The size of the deficit was bigger than expected."
Leading autocatalyst manufacturer Johnson Matthey on Wednesday said a deficit in the palladium market will widen dramatically this year.