Gold eases as stocks gain; set for best weekly jump in over four months

- Gold prices edged lower on Friday on rising risk appetite buoyed by optimism over an interim U.S.-China trade deal, but bullion was still set to register its best week in more than four months.

* For the week, spot gold was on track to post a jump of 2%, its best weekly rise since early August. * China’s Commerce Ministry said on Thursday that Beijing and Washington were still in the process of completing necessary procedures while maintaining close communication to sign the deal.* Weighing on gold, data on Friday showed profits at China’s industrial firms in November grew 5.4% from a year earlier, while data on Thursday showed U.S. jobless claims fell last week indicating ongoing labour market strength.

* Zambia plans to make copper mining companies account for the gold they produce as it seeks to boost revenue from its mineral resources, a senior ministry of mines official said on Thursday.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Express Gold vs Chase Sapphire Reserve: Best dining rewards - Business InsiderBoth cards offer a few annual statement credits on purchases that — if you would have made those purchases anyway — significantly offset the fees
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks rally to record highs; gold gainsGold prices rose and a gauge of global equity markets hit a record high on Thurs... All of this endless debt is going to put some serious strain on the integrity of the currencies. Market gains seem rather meaningless under these circumstances. (and particularly when annual GDP growth barely scrapes past 2%) ONLY BENEFITS THE RICH Taking money out of the stock market for year end gains in 3-2-1...
Source: Reuters - 🏆 2. / 97 Read more »