Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Gold steadied on Friday in seesaw trade as the dollar retreated on lackluster U.S. jobs data, putting bullion on course to notch its best week in six weeks following a surge of more than 2% in the previous session as U.S.-China trade relations soured further.
Gold has been supported by a "big push by global major central banks to lower interest rates in light of deteriorating macro conditions," INTL FCStone analyst Edward Meir said.
"The one thing restraining gold a little was the strength in the dollar, but with the dollar weaker today, it seems to have opened up some running room for gold on the upside."
Bullion rose more than 2% on Thursday after U.S. President Donald Trump said he would slap an extra 10% tariff on $300 billion worth of Chinese imports and would raise it further if trade talks do not progress.
"(It's) a bit of a psychological move. Prices have been around these levels ($1,440-$1,450/oz) a few times now, and it has difficulty to push higher, which makes investors a bit more nervous," ABN Amro analyst Georgette Boele said.
Data pointing to slow U.S. job growth in July, coupled with an escalation in trade tensions, could give the Federal Reserve fresh ammunition to cut interest rates again next month.
"The trend in gold is up," said Bob Haberkorn, senior market strategist at RJO Futures.
Lower interest rates tend to boost gold as they reduce the opportunity cost of holding non-yielding bullion and also weigh on the dollar.
Spot gold may retest resistance at $1,449 per ounce, a break above which could lead to a rise into the $1,461-$1,474 per ounce range, Reuters technical analyst Wang Tao said.
Separately, palladium fell 1.5 % to $1,403.41 per ounce, after breaking below the $1,400 level for the first time since mid-June to its lowest in more than seven weeks at $1,378.50.
Platinum was up 0.3% at $846.30 per ounce, while silver fell 0.4% to $16.26 per ounce.
"The scenario is slightly more complicated for silver, as the component of the demand for this metal coming from the industrial sector is much higher than gold and the trade war could have a more significant impact," Carlo Alberto De Casa, chief analyst, ActivTrades, said in a client note.
Both silver and platinum appeared set for their first weekly decline in four weeks.