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Gold Inches Toward $1300 Ahead Of Inflation Data
13 August 2017, 02:13 | Jan Cross
Investors await the headline U.S.consumer inflation data for July for more clues about future Fed decisions. Nasdaq-100 futures shed 13.75 points, or 0.2%, to 5,776.
Although the metal is now following a positive trajectory on the daily charts, market players might decide to remain on the sidelines ahead of the USA inflation report, released later today.
The Chinese yuan was up marginally after the central bank set the yuan midpoint at 6.6770 to the dollar, the highest level 10-1/2 months.
Asian equity markets extended a global slide on Friday, sending investors fleeing to less risky assets such the yen, the Swiss franc and U.S. Treasuries.
In the latest developments between the two countries' war of words, President Donald Trump issued another set of statements on Thursday, saying that his warning of bringing "fire and fury" to North Korea - if it continues its threats - may not have been "tough enough". The Standard & Poor's 500 index dropped 1.4 percent to 2,438.21. "So why buy risk assets (such as equities or credit) when the thematic at hand isn't going to resolve itself in the immediate short-term?"
Asked if he would consider a pre-emptive strike against North Korea to deny it the ability to launch a nuclear attack against the United States, Trump said, "We'll see what happens".
The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%. It is poised to end the week down 1.9 percent. Despite all the innovation, there is a single component no tech company can survive without. After a very quiet start to the week due to the summer season, the second half has been dominated by geopolitics - with the mounting tensions between the United States and North Korea denting risk sentiment, ultimately punishing global stocks.
USA producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday. Eastern Time, alongside core CPI.
Against the pound, the euro managed to gain margially, rising 0.06% to 0.9047.
Space station crew to get 3 shots at solar eclipse Aug 21
So your regular sunglasses, or sunglasses that your mother got after her cataract surgery, are not going to protect the eyes. On Aug. 21 hundreds of thousands of people are expected to travel to Christian County to watch a total solar eclipse .
Three dead in white nationalist rally violence in Virginia
Two people also died when a Virginia State Police helicopter crashed near the violence in Charlottesville, federal officials said. Mimi Arbeit, an organizer of the counter-protests, however, rejected Kessler's claim that the rally was about freedom of speech.