3-4 minutes - Source CNBC
Chris Ratcliffe | Bloomberg | Getty Images
Spot gold fell 0.4% to $1,499.22 per ounce at 0744 GMT, declining 1% for the week after a near 2% gain last week.
“A bunch of U.S.
The National Association of Realtors’ pending home sales index rose 1.6% to a reading of 107.3
The greenback held near multi-week highs against major currencies as heightened risks from political tensions to the Sino-U
A whistle-blower report released on Thursday said U.S. President Donald Trump not only abused his office in attempting to solicit Ukraine’s interference in the 2020 U.S.
This added to the uncertainties around the global growth outlook amid a prolonged U
European shares also rose on Friday, with London stocks outperforming due to a weaker pound, while hopes of a quick resolution to the U
However, investors were cautious on mixed signals from China and the United States
A number of central banks across the globe, like the Fed, the European Central Bank and Bank of Japan, have cut interest rates to stimulate the economy amid fear of a potential recession.
“If the global economic situation does not improve, we may see central banks around the world cutting down interest rates,” said Margaret Yang Yan, a market analyst at CMC Markets.
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
China’s top diplomat said on
Spot gold may test a support at $1,488 per ounce, a break below which could cause a fall towards $1,446, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.
Silver fell 1.34% to $17.56 per ounce, platinum down 0.2%, at $928.34 per ounce and palladium fell 0.5% to $1,659.54 per ounce.