Gold prices extended losses on Monday, after their worst week in five months, on lingering risk appetite, while the Sino-U.S. trade relationship hinted at potential improvement.
Spot gold was down 0.5% at $1,934.91 per ounce by 0036 GMT. Gold fell 4.5% last week, its biggest weekly decline since March.
U.S. gold futures eased 0.3% to $1,943.50 per ounce.
Speculators reduced their bullish positions in COMEX gold and silver contracts in the week to Aug. 11, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
In a possible sign of easing tensions after a protracted trade war, China increased U.S. oil purchases on Friday ahead of a trade deal review.
SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.30% to 1,248.29 tonnes on Friday.
Silver slipped 0.6% to $26.25 per ounce.
Platinum rose 1% to $945.55, and palladium gained 1.6% to $2,143.09.
Desmond Morris, the legendary zoologist, author, artist and TV presenter, best known for his book The Naked Ape, has died at the age of 98.
Morris's death was confirmed in a statement...
Political instability is expected to intensify in Romania and Slovenia, with both countries facing potential government crises in the coming weeks.
In Romania, the Social Democrats ar...
Updated 1205
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The p...
The war in Iran and the effective closure of the Strait of Hormuz - through which around 20% of the world's oil and natural gas flows - hasseen rising fuel costs across the globe. The In...
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EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
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The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
Russia's defence ministry warned on Wednesday that European plans to step up drone supplies to Ukraine are dragging those countries deeper into a war with Russia.
The ministry said ...
