Arrr me matey! Johnny Depp visits BC Children's Hospital
Crude Oil Drifting Lower By The Day
Wal-Mart tops Street 2Q forecasts
Outstanding Analyst Ratings For Dignity (LON:DTY)
Investors flee stocks for gold
13 August 2017, 01:58 | Jan Cross
Pyongyang North Korea — Arirang August 2007. Image by via Flickr
"If earnings can stay strong and interest rates remain low investors can look beyond North Korea and continue to rally equities", said Phipps. Gold's main safe haven in times of geopolitical instability, has taken $27.50 per ounce, or more than 2 % in two sessions.
Besides, persistent buying by local jewellers at domestic spot market stoked the uptrend. USA gold futures gained 0.50 percent to $1,296.60 an ounce. It had gained about 3% for the week so far. Eastern time. The Dow Jones industrial average slid 120 points, or 0.5 percent, to 21,928. Bond and gold prices, traditional havens for nervous investors, were little changed, and the VIX, a measure of how much volatility investors expect in stocks, fell 3.3 percent following a 44.4 percent jump the day before.
News that US producer prices unexpectedly fell in July earlier helped send the dollar lower.
The index was also dragged lower after Beijing ordered probes into three major Chinese social networking platforms over outlawed content.
Weaker-than-expected July consumer price data pointed to benign inflation that could cause the Federal Reserve to hold off from raising rates again this year.
Nasdaq 100 e-minis were down 17 points, or 0.29 percent, on volume of 36,232 contracts. "You're less than 2 percent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers".
Bond prices rose. The yield on the 10-year Treasury note slipped to 2.25 percent from 2.26 percent late Tuesday.
Fox sizzles at PGA Champs
The 25-year-old Japanese star already was 5 under for his round in tough conditions, and he added two birdies after the rain. That could leave the final major of the year up for grabs over the final 36 holes on the weekend, but not for everybody.
Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.
Smaller-company stocks also fell sharply.
The euro was 0.18 per cent lower against the greenback but remains the best-performing G10 currency so far this year with gains of more than 11 per cent against the dollar. Silver rose 1.7% to $16.70 per ounce.
The pan-European FTSEurofirst 300 index lost 1.19 per cent.
A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday.
Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange.
Sterling was sitting at 1.287 against the American currency, while the euro was at 1.17 during Friday trading, as relations between Kim Jong-un's rogue state and the USA president continued to deteriorate. U.S. PPI came in at -0.1%, below the 0.1% forecast and previous read. Australia's S&P/ASX 200 dropped 1.2 percent, while Japan was closed on a public holiday.
DET 12, MIN 11: Twins Lose Crazy Game on Walk-Off HR
The Tigers scored one run in the seventh and then three runs in the eighth to go into the ninth inning down just one. James McCann went 2-for-4 with a grand slam, five RBI and three runs scored in a win over the Twins on Saturday.
Trent Murphy Reportedly out for Season with Torn ACL
The Redskins have stalwart Ryan Kerrigan as a starter but are presently without a healthy Preston Smith or Junior Galette . The Washington Redskins selected Murphy in the second round of the 2014 NFL Draft after a stellar career at Stanford.
Sanchez to miss start of season
Arsenal , without Sanchez, will host Leicester City at the Emirates Stadium on Friday night, to kick off the new season. "I can't tell you that at the moment", he said.
Arsenal to make big Alexis Sanchez push
Danny Welbeck levelled matters in first-half stoppage time, completing a fast-paced, pulsating first half of action. Asked whether Mahrez would be at the club when the window closes, Shakespeare said: "Who knows?"
Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?
Until now, Tesla has only referred to the two models by the 220 and 310 miles they respectively drive before needing a recharge. Interested in solar? Get a solar cost estimate and find out how much a solar system would cost for your home or business.