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Gold futures on Thursday scored their first gain in three sessions, with a pullback in the U.S. dollar prompting a modest rebound from gold’s lowest level in about four months.
Gold for April delivery GCJ5, +0.52% added $1.30, or 0.1%, to settle at $1,151.90 an ounce on Comex after tallying a loss of 1.4% over the past two trading sessions. Prices Wednesday closed at their lowest since early November.
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, +1.43% ) up 1.6%
Hong Kong (Hang Seng Index HSI, +0.29% ) up 0.3%
Shanghai (Shanghai Composite Index SHCOMP, +0.42% ) up 0.4% (at break)
Sydney (S&P/ASX 200 XJO, -0.73% ) down 0.8%
Seoul (Kospi SEU, +1.02% ) up 1%
Mumbai (Sensex 1, +0.29% ) up 0.5%
Taipei (Taiex Y9999, +0.11% ) up 0.2%
Asian markets mostly rose Friday following a surge on Wall Street after unexpectedly weak US data tempered talk of an interest rate hike by summer.
Despite the easing rate expectations, the dollar maintained its strength against the yen and euro after retreating slightly from multi-year highs Thursday.
Tokyo jumped 1.08 per cent, Hong Kong added 0.11 per cent, Seoul gained 0.88 per cent and Shanghai put on 0.30 per cent but Sydney eased 0.62 per cent.
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.25 points to 1784.98.
Volume was 65.25 million lots worth RM16.39 million.
Gainers outnumbered losers 122 to 44.
The ICE U.S. Dollar Index rose for the second- straight week Friday, after the Bureau of Labor Statistics’s February nonfarm payrolls number exceeded expectations and the euro dropped to its lowest level versus the U.S. unit in more than 11 years.
The ICE U.S. Dollar Index DXY, +1.43% a measure of the buck’s strength against a basket of six rival currencies, finished the day up 1.3% to 97.63, its highest level in ,more than 11 1/2 years.
The euro EURUSD, -1.70% was at $1.0844 in recent trade after falling to its lowest level since 2003 at $1.0839 after the jobs report. It had traded at $1.1030 late Thursday.
The dollar USDJPY, +0.59% retreated slightly after hitting a four-month high of 121.27 yen, nearing its highest level against the Japanese currency since the summer of 2007, compared with ¥120.14 late Thursday in New York. The buck also USDZAR, +1.70% rose to its highest level against the South African rand in 13 years after the report, trading at 12.05 rand to the dollar, compared with 11.84 Thursday.
The pound GBPUSD, -1.34% traded at $1.5037 after the report, its lowest level in about a month. It had traded at $1.5238 Thursday.
