Posts From King World News

Gold edges up, faces longest weekly losing run since 1999

Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at

Gold edges up, faces longest weekly losing run since 1999

Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at