Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the U.S. dollar firmed against the euro after Italy’s budget jitters threatened the European currency.
Europe
China’s Wang says China will not be blackmailed or yield to pressure over trade – GSR
China’s Wang says China will not be blackmailed or yield to pressure over trade GSR — Days after U.S. President Donald Trump denounced globalism at the United Nations, China positioned itself Friday as a “champion of multilateralism” that is keeping international promises when Washington is backing away from them.
Nikkei Hits 27 Year High on Strong Dollar, Wall Street Gains
Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
Crude Oil Prices Slip, Economic Prospects in Europe and Asia
Gold Silver Reports — Crude Oil prices fell, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.