Gold posts biggest weekly loss in six weeks
Gold and precious metal prices declined, with gold heading to record its biggest weekly loss in six weeks today. Spot gold rose 0.5% to $3,988.20 per ounce, after hitting its lowest level since July 1 earlier in the session. August-delivery U.S. gold futures settled at $3,992, but the yellow metal has lost 3.2% since the start of the week, its biggest drop since early June. Among other precious metals, spot silver fell 0.5% to $55.22 per ounce, and...
U.S. stock futures fell in pre-market trading on Friday, affected by the continuation of U.S. military operations against Iranian targets for the sixth consecutive night, along with a selling wave that hit semiconductor and technology stocks in global markets.
The Dow Jones Industrial Average fell 0.7%, losing 366 points to 52,420, and the S&P 500 fell to 7,492, down 85 points or 1.15%.
Netflix shares fell 9.35%, after ending Thursday's session up about 0.9% at $74.35, after the streaming company lowered its third-quarter profit forecasts.
SpaceX shares fell 4.60%, after closing below its IPO price of $135 for the first time on Thursday, following the cancellation of the Starship launch.
Original source: Okaz
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