Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Gold slid as much as 2% on Monday as the dollar rallied and investors flocked to riskier assets after the resumption of trade talks between the United States and China.
Spot gold fell 1.7 % to $1,384.24 per ounce, after falling to its lowest since June 20 at $1,381.51.
U.S. gold futures dropped 1.8 % to $1,387.4.
The United States and China agreed on Saturday to resume trade negotiations after President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met at the sidelines of the G20 summit in Japan.
The news drove a rally in global stocks and sent the dollar index to the highest in more than a week, limiting flows into safe-haven bullion.
"Under the positive (geopolitical) circumstances, the dollar is rallying and that is having a negative effect on gold...The poor picture on the technical charts is also causing some additional selling today," said Rob Lutts, chief investment officer at Cabot Wealth Management.
A break below $1,350 could paint a bearish picture, he added.
Gold prices hit a six-year high last week at $1,438.63 an ounce, driven by a dovish outlook from major central banks and an escalation of tensions between the United States and Iran.
The metal has shed about $50 dollars since it broke the $1,400 level but some analysts see it as a healthy correction and an opportunity to buy.
"We do not expect gold to fall significantly further. In our view, it is above all the upcoming European Central Bank and Fed rate cuts, and the political risks, that argue against any pronounced and lasting price slide," Commerzbank analysts said in a note.
Meanwhile, holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22% on Friday. Holdings had still risen nearly 7% in June as of last week.
Among other precious metals, silver fell 1.3 % to $15.11 per ounce, while palladium rose 0.62 % to$1,547.51.
Platinum gained 0.42 % to $829.50 per ounce, after hitting a six week high of $846.11 earlier in the session.