Gold Headlines

Stocks fall in wild session to close out big losing week for tech

Payrolls increase by nearly 1.4 million as the unemployment rate tumbles

Gold Imports Rebound in India (Bloomberg)

Inbound shipments climbed to 35.5 tons in August from 14.8 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were also higher than July’s 25.5 tons. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone. The rebound in demand follows a nearly 80% drop in imports between January and June and comes as India slowly eases restrictions on movement and economic…

Gold gains as dollar stalls, with focus on U.S. data

"Since the recovery, movement in USD has stopped for the moment, that is a positive element for gold," said ActivTrades chief analyst Carlo Alberto De Casa. World shares edged lower as attention turned to the U.S. non-payroll figures due at 1230 GMT, with markets expecting payrolls to have grown by 1.4 million in August, versus the 1.763 million jobs created in the previous month. MKTS/GLOB In the long term, gold, which has gained 27% so far this year, is still strong, but is "in need…

Investors flock to gold, bonds ahead of 'choppy' pre-U.S. election trade: BofA

2016 all over again? Investors ready for big market moves as U.S. election nears

Chinese banks’ profits will weaken even more in the second half of 2020, says Fitch Ratings

China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times

“China will gradually decrease its holdings of U.S. debt to about $800 billion under normal circumstances,” Xi Junyang, a professor at the Shanghai University of Finance and Economics, was quoted as saying on Thursday, without giving a detailed timeframe. “But of course, China might sell all of its U.S. bonds in an extreme case, like a military conflict.” China, the second largest non-U.S. holder of Treasuries, held $1.074 trillion in June, down from $1.083 trillion the previous month,…

More stimulus probably needed, Bank of England's Saunders says

U.S. labor market slowing as fiscal stimulus boost ebbs