Gold fell from a six - week high on Thursday, pressured by the dollar's bounce on solid USA economic data and as traders digested the Federal Reserve's Wednesday statement that showed it was closer to paring its balance sheet.
European bond yields moved higher ahead of the U.S. open on Friday which triggered an element of selling pressure on gold, although overall selling pressure was limited.
"With the Fed now likely on hold at least till the end of the year and U.S. bond yields falling, there are some forming tailwinds that should propel prices higher over the short term", Meir said.
The most active gold contract for August delivery rose 8.4 US dollars, or 0.67 percent, to settle at 1,268.4 dollars per ounce.
Porsche drops Le Mans programme to enter Formula E
Porsche has become the latest manufacturer to announce plans to enter the Formula E electric auto championship, reports Autocar . With Porsche reportedly exiting the LMP1 program, it would leave Toyota as the sole manufacturer competing in the class.
USA gold futures for August delivery advanced 1% to $1,262.20 an ounce.
Commodities priced in dollars often trade inversely with the dollar, as moves in the US unit can influence the attractiveness of those commodities to holders of other currencies. That was the highest settlement since June 14, according to FactSet data.
On Thursday, the dollar index, a measure of the greenback against a basket of six major currencies, was at a 13-month low, while US Treasury prices gained after the Fed's policy statement was perceived to be dovish.
Elsewhere in metals trading, silver futures for September delivery slipped 0.23% to $16.533 a troy ounce, while copper futures for September delivery declined 0.54% to $2.862 a pound. Meanwhile, holdings at SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.63% to 795.42 tonnes on Wednesday from 800.45 tonnes on Tuesday. Platinum dropped 0.1% to $928.30 per ounce, while palladium gained 1.1% to $875.25 an ounce after touching $878.50, the strongest since June 23.
The EU said that it "stands ready" to take action if the Poland Government continues to push through the controversial bills. The country had been faced with sanctions being imposed by the European Commission if the reforms were not scrapped.
The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.02. Equities research analysts forecast that Yamana Gold Inc. will post $0.05 earnings per share for the current fiscal year.
The Seattle-based company filed revenues of US$38bn for the second quarter, up 25% on the same time past year . (NASDAQ: AMZN ). The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion.
This month's line-up of games includes free-flying action adventure Just Cause 3 , Assassin's Creed: Freedom Cry and Snake Ball . Playstation Plus subscribers on the PS4 will get to play as Rico Rodriguez in the revolution of Medici in Just Cause 3 .
The specs revealed in Geekbench listing contradict the previous leaks which claimed that Moto X4 would come with Snapdragon 630. But we will surely see it in coming weeks, and it will definitely make into the Indian market, right after the global launch.
It was not immediately clear how many United States diplomats and other workers would be forced to leave the country. The move is retaliatory in nature against the USA proposal of imposing sanctions against the country.
Jordan is the Muslim custodian of the shrine, which is the third holiest site in Islam after Mecca and Medina in Saudi Arabia . It annexed the area in a move that has never been recognized internationally.
Allan had previously told a local newspaper that he wanted to be an officer ever since he was a child, according to the Star. Southport is a municipality that is part of Indianapolis but also has its own mayor and police force.
Analysts giving shares a rating of 1 or 2 would be indicating a Buy. 40334 shares were traded on Twitter, Inc .'s last session. Currently, the analyst consensus on Twitter is Hold and the average price target is $16.18, representing a -6.8% downside.
Trump replaces Chief of Staff Priebus, appoints John Kelly
Speaking in New York, Trump offered effusive praise for Kelly, though he didn't hint he would soon be working from the West Wing. Kelly, the secretary of the Department of Homeland Security, as his chief of staff, replacing Reince Priebus .
Conte takes shot at Spurs' ambition
The Italian has hailed the England striker as one of the best strikers in the world and a complete player. "If you go to buy Kane now it would be at least £100million".
NHTSA Expands Investigation Into Ford Explorers
LaHood was the first of 20 Austin, Texas police officers to be treated for carbon monoxide exposure. The NHTSA, along with representatives from Ford, have been in Austin investigating the vehicles.
Seahawks add Pro Bowler in rare player-for-player trade
Alexander was a Pro Bowl selection last season as a special teams player for the Chiefs and played sparingly on defense. Alexander, a fifth-round pick out of Oregon State in 2015, has appeared in all 32 games over the past two seasons.
Workspace Group plc (WKP) Earns "Buy" Rating from Peel Hunt
In other Sse Plc news, insider Gregor Alexander sold 15,418 shares of Sse Plc stock in a transaction on Monday, June 26th. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory.
Six Kidnapped Lagos Students Regain Freedom After 64 Days
The kidnappers had on May 25 attacked the school premises, abducting the students and whisking them away through the waterways. The students were released in Ogun state following talks between the abductors and some government officials.
Watch Out, Wonder Woman Is Coming for ALL the Oscars
The real reason, however, for even considering Wonder Woman as a possibility is due to the updated voting pool of AMPAS. Speculating on the Oscar roster in July is a fool's errand, but Variety's report begs intriguing questions.
Uzbekistan: arrest the daughter of a former President
Karimov's second daughter, Lola Karimova-Tillyaeva, is Uzbekistan's ambassador to Unesco, a position she has held since 2008. It said these included London properties worth £22.9 million ($29.95 million) and hotels in Dubai worth $67.4 million.
Putin: Sanctions on Russian Federation 'malicious step'
And the Trump administration itself is reserving its right to veto the legislation or pursue a different approach. It was not immediately clear how many USA diplomats and other workers would be forced to leave the country.