The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, deepening...World Politicsread more
* Silver hits 5-month low
* Palladium down 18% since scaling record peak in March (Adds comment, updates prices)
May 17 (Reuters) - Gold fell on Friday, following its biggest one-day percentage loss in a month in the previous session, on a firmer dollar and increased investor appetite for riskier assets due to strong U.S. data and corporate results.
Spot gold fell 0.1% to $1,285.01 per ounce as of 0311 GMT.
U.S. gold futures was 0.1% lower at $1,285.20 an ounce.
Spot gold fell 0.8% on Thursday, its biggest one-day percentage decline in a month after risk sentiment improved.
"Markets are very much inclined towards the riskier assets. Investors are trying to price in breakthrough in talks due to the conciliatory tone from both the camps," said Benjamin Lu, analyst with Singapore-based Phillip Futures
"Strong corporate earnings have also helped to give some support to equities and dollar. Most of the managed-money managers are trying to take out profits, which is pressuring gold."
U.S. stock indexes extended gains on upbeat earnings as well as robust economic data that underlined the strength of the domestic economy. Meanwhile, the dollar index rose to its highest level in nearly two weeks against a basket of currencies.
The U.S. housing data showed homebuilding increased more than expected in April, while unemployment benefits fell more than expected last week, pointing to sustained labour market strength that should underpin the economy.
"We still see broad strength in the overall global economy, which is currently benefiting from more fiscal and monetary stimulus," Fitch Solutions said in a note, adding that this limits significant gold price appreciation in 2019.
The pullback in risk aversion lifted treasury yields. The rise in yields underpinned the U.S. dollar.
A stronger dollar makes gold more expensive for holders of non-U.S. currency.
Early in the week, spot gold prices rose 1.1%, registering their best one-day percentage gain in nearly three months after China announced that it would impose retaliatory tariffs on a range of U.S. goods.
Even though trade worries have taken a backseat, investors are still wary of possible tensions emanating from a U.S. bid to block China's Huawei Technologies from buying vital American technology.
Among other metals, silver was down 0.2% at $14.52 and ounce, after hitting a low since Dec. 14, 2018 at $14.46 an ounce.
Platinum dipped 0.6% to $824.83 per ounce, having hit a two-month low at $823.50 earlier in the session.
Palladium was down 0.1% at $1,329.35 per ounce and has slumped more than 18% since the metal used in catalytic converters in car exhaust systems scaled a record peak of $1,620.53 in March. (Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)