Gold Slides, But Scores Best Weekly Gain in Over 4 Months

Gold futures settled lower on Friday for the first time in six sessions after a better-than-expected U.S. employment report buoyed the dollar and dulled some of the metal’s investment appeal. For the week, however, gold scored a gain as investors viewed the metal as a safer investment against a backdrop of worries over China’s economy and a recent plunge in its stock market. February gold fell by $9.90, or 0.9%, to settle at $1,097.90...

Dollar Rises as Above-Forecast Jobs Growth Backs Fed Rate Plans

The dollar rose after a report showed U.S. jobs growth exceeded forecasts, backing the case for the Federal Reserve to continue raising interest rates this year. A greenback index touched the highest in more than a decade before paring gains after Labor Department data showed lower-than-forecast wage patterns tempered the employment increase. The U.S. currency also strengthened as China’s central bank set a higher yuan fix and...

U.S. Stocks Tumble as Equities Suffer Worst Week Since 2011

U.S. stocks fell for a third day, tumbling in a late-afternoon selloff that sent major equity indexes to their worst weekly declines in more than four years, as investors found little relief from moves by China to restore calm to its sinking markets and data that showed resilience in the U.S labor market. The S&P 500 dropped 1.1 percent to 1,921.82 at 4 p.m. in New York. The gauge fell 6 percent this week. The Nasdaq Composite Index...

U.S. Stocks Fluctuate, Oil Resumes Slide as China Soothing Fades

U.S. stocks fluctuated and crude traded near a 12-year low as the calming effects of China’s attempts to shore up financial markets faded. Treasuries headed for the biggest weekly advance in a month and the U.S. dollar strengthened. Global shares retreated for a fifth day, as oil briefly fell below $33 a barrel in New York. Energy producers led declines among U.S. equities, which are mired in the worst start...

European Stocks Fall, Capping Worst Week Since 2011 as Oil Drops

European stocks tumbled in volatile trading, capping their worst week since August 2011, as a decline in energy companies outweighed better-than-expected U.S. jobs data. The Stoxx Europe 600 Index fell 1.5 percent to 341.35 at the close, after swinging between gains and losses for most of the day. The gauge rose in early trading after China’s introduction of measures to stabilize its markets boosted global equities, before sliding oil...