Gold prices fell on Friday as a rally in U.S. treasuries and a steady dollar prompted a sell-off in bullion following a steep retreat from record peaks, setting it up for its first weekly decline since early July. Spot gold dipped 0.2% to $1,948.27 per ounce by 1032 GMT. U.S. gold futures fell 0.6% to

BRUSSELS — The European Commission said on Friday it had reached a deal with British pharmaceutical firm AstraZeneca for the purchase of at least 300 million doses of its potential COVID-19 vaccine. The EU’s executive arm, which is negotiating on behalf of the 27 EU states, said the deal included an option to purchase 100

U.S. stock index futures retreated on Friday with attention turning to retail sales figures for signs of a domestic rebound after Chinese figures pointed to a wobbly economic recovery from the COVID-19 pandemic. Aggressive stimulus measures have helped Wall Street’s main indexes bounce from a coronavirus-driven crash in March, and the S&P 500 briefly traded

U.S. stock index futures retreated on Friday with attention turning to retail sales figures for signs of a domestic rebound after Chinese figures pointed to a wobbly economic recovery from the COVID-19 pandemic. Aggressive stimulus measures have helped Wall Street’s main indexes bounce from a coronavirus-driven crash in March, and the S&P 500 briefly traded

BERLIN — Results of a study in a town that had one of Germany’s earliest coronavirus outbreaks found just 7.7% of residents have likely been infected with COVID-19, researchers said on Friday, suggesting the prevalence of the flu-like disease remains low. Researchers took throat swabs and blood samples from 2,203 people from May 20 to

(Bloomberg) -- U.S. futures edged lower ahead of retail sales data for July, while European stocks slumped as fresh quarantine rules took hold in the U.K. Treasury yields declined after rising for five days and the dollar was steady.The Stoxx Europe 600 Index sank after Britain added France, the Netherlands and Malta to its list of countries from which people arriving have to quarantine for 14 days. EasyJet Plc fell as much as 8% and British Airways owner IAG SA by as much as 7%.Gold edged lower and oil headed for a second weekly advance, while the euro remained on track for its eighth […]

LONDON/RESSONS-SUR-MATZ — Britons rushed to get back from summer holidays in France on Friday after their government said it would soon impose a 14-day quarantine on travelers from across the Channel due to rising coronavirus infections. Britain’s government announced late on Thursday that it would impose a quarantine from 0300 GMT on Saturday on arrivals

FRANKFURT — A majority of EU member states view U.S. sanctions in connection with the construction of the Nord Stream 2 gas pipeline under the Baltic Sea as a breach of international law, German daily Die Welt reported in its online edition on Friday. The paper said an EU delegation communicated a diplomatic position, supported

The age of contactless payments is well and truly here to stay leading to an explosion in contactless online and mobile payment options

CASA GRANDE, Ariz. — Elim Mining Incorporated (“Elim Mining” or the “Company”), a private copper exploration and development company, has begun its 26,050 ft (7,940 m) drilling program at its wholly-owned Cactus Mine (the “Property”) in Pinal County, Arizona. In addition, the Company has appointed Llee Chapman as CFO and Travis Snider, SME, CHF as

WOOD DALE, Ill., Aug. 14, 2020 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (“the Company”) (OTC Pink:  PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced second quarter and first half 2020 financial results. Second Quarter 2020 Results The novel coronavirus COVID-19 pandemic (“COVID-19 pandemic”) has resulted in

Top news and what to watch in the markets on Friday, August 14, 2020.

Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight. With memories of a currency crisis which rocked Turkey's economy only two years ago fresh in his mind, the retired police officer was among those playing it safe as he queued in the city's sprawling covered market, where a screen showed the gold price rise by one Turkish lira ($0.1366) in just 10 minutes. "I think it is the best investment right now so I converted my dollars to buy gold," the 57-year-old […]

Raymond James increased Nvidia’s price target to $500 (9.2% upside potential) from $370 and reiterated a Buy rating ahead of the chipmaker’s 2Q results next week.Raymond James analyst Chris Caso wrote in a note to investors that Nvidia (NVDA) “has among the strongest product cycles in semis, given the continued ramp of Ampere for datacenter, and the upcoming ramp of the new gaming chip, for which it appears the launch will occur on August 31.”Nvidia has been benefiting from robust graphic chip demand boosted by the growing need of cloud-based solutions by data center operators. […]